Rocket Companies Intrinsic Stock Value – Rocket Cos. Stock Rises Monday Despite Underperformance Compared to Market
November 3, 2023
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On Monday, Rocket ($NYSE:RKT) Cos. Inc.’s stock rose despite underperforming the broader market. This comes as a surprise to some investors and analysts who have been watching the company’s performance closely. Inc. is a financial services company that specializes in the lending industry, providing mortgages, refinancing loans, and home equity products. Although the stock rose on Monday, it is still not keeping up with the rest of the market despite the overall growth.
The company has been making vigorous attempts to increase their customer base and diversify their offerings with other products such as savings accounts and credit cards. This may be the reason why the stock has managed to rise on Monday despite lagging behind the market. Investors may be confident that if Rocket Cos. Inc. continues to make improvements to their customer offerings, their stock may continue to rise despite any market underperformance.
Price History
At the end of trading, the stock had risen by 1.1%, closing at $7.4 from its opening price of $7.3. This was an increase from the previous closing price of $7.3. Overall, this was a positive day for ROCKET COMPANIES, though investors may still be cautious as the stock has yet to make a significant recovery since February. Despite this, the stock’s performance Monday was encouraging and could be a sign of further gains in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Rocket Companies. More…
| Total Revenues | Net Income | Net Margin |
| – | -21.8 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Rocket Companies. More…
| Operations | Investing | Financing |
| 10.82k | 578.74 | -12.82k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Rocket Companies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 20.86k | 12.49k | – |
Key Ratios Snapshot
Some of the financial key ratios for Rocket Companies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.5% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Rocket Companies Intrinsic Stock Value
At GoodWhale, we have conducted an analysis of ROCKET COMPANIES‘s wellbeing and found that its fair value share price is around $12.0. This calculation has been made using our proprietary Valuation Line. Currently, ROCKET COMPANIES stock is being traded at $7.4, which is significantly undervalued by 38.3%. We believe that this presents a great opportunity for investors to take advantage of the current market situation and invest in a company that has a good chance of increasing in value in the future. More…
Peers
Its competitors include Ocwen Financial Corp, Federal National Mortgage Association Fannie Mae, Home Capital Group Inc.
– Ocwen Financial Corp ($NYSE:OCN)
Ocwen Financial Corporation is a financial services holding company that, through its subsidiaries, originates and services loans. The Company’s segments include Servicing, Lending, Real Estate Owned (REO), Investment Management and Corporate.
– Federal National Mortgage Association Fannie Mae ($OTCPK:FNMA)
As of 2022, Fannie Mae has a market cap of 584.66M. The company is a government-sponsored enterprise that provides financial products and services to homeowners and renters. Its products include single-family and multifamily mortgages, home equity loans, and lines of credit. Fannie Mae was founded in 1938 and is headquartered in Washington, D.C.
– Home Capital Group Inc ($TSX:HCG)
As of 2022, Home Capital Group Inc has a market cap of 982.97M. The company is a provider of alternative residential mortgage solutions in Canada. Home Capital offers residential mortgage products, including first and second mortgages, home equity lines of credit, and lines of credit. The company was founded in 1954 and is headquartered in Toronto, Canada.
Summary
Rocket Companies Inc. stock rose on Monday, though it was still underperforming compared to the broader market. Closely watched by investors, the company’s share price has been volatile, with considerable fluctuations over the past weeks. Analysts remain divided on whether Rocket Companies is a good long-term investment. Some analysts have suggested that the stock is overvalued, citing its high price-earnings ratio and the potential for increased competition in the mortgage industry.
Others suggest that the company’s innovative business model and strong customer base could make it a good investment opportunity. Ultimately, only time will tell if Rocket Companies will prove to be a sound investment. Investors should carefully research the company’s performance and outlook before making any investment decisions.
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