Rock Stock Impressive Jump On Wednesday, Outperforms Market

(VIANEWS) – The NYSE ended the session with Rock (RKT) jumping 13.64% to $9.08 on Wednesday while NYSE rose 2.09% to $15,725.21.

Rock’s last close was $7.99, 33.08% under its 52-week high of $11.94.

About Rock

Rocket Companies, Inc., a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; Rocket Auto, a virtual marketplace where consumers can shop and compare vehicles of many makes and models from a wide network of dealers; and Rocket Loans, an online-based personal loans business. It also offers Core Digital Media, a digital, social, and display advertiser in the mortgage, insurance, and education sectors; Rocket Solar, a tech-driven, residential solar energy provider; Rocket Money, a personal finance app that helps clients manage every aspect of their financial lives; Lendesk, a software services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; Rocket Central, a professional services organization that provides technology, data, marketing, communication and other services; Rock Connections, a sales and support platform specializing in contact center services; Rocket Innovation Studio that recruits and mentors top technology talent; and Edison Financial, a digital mortgage broker. In addition, the company originates, closes, sells, and services agency-conforming loans. Rocket Companies, Inc. was founded in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. operates as a subsidiary of Rock Holdings Inc.

Earnings Per Share

As for profitability, Rock has a trailing twelve months EPS of $1.8.

PE Ratio

Rock has a trailing twelve months price to earnings ratio of 5.04. Meaning, the purchaser of the share is investing $5.04 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -7.46%.

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Rock’s stock is considered to be oversold (<=20).

Yearly Top and Bottom Value

Rock’s stock is valued at $9.08 at 02:26 EST, way below its 52-week high of $11.94 and way above its 52-week low of $6.63.

Revenue Growth

Year-on-year quarterly revenue growth declined by 6.1%, now sitting on 3.75B for the twelve trailing months.

Growth Estimates Quarters

The company’s growth estimates for the ongoing quarter and the next is 75% and 110%, respectively.

More news about Rock (RKT).

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