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Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company's mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company's lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket's origination process to offer loans to their customers. The company has rapidly gained market share in recent years and is now the largest mortgage originator in the U.S. as well as the servicer for more than 2 million loans.
Rocket Companies Class A trades on the NYSE stock market under the symbol RKT.
As of March 6, 2025, RKT stock price declined to $14.69 with 1,244,077 million shares trading.
RKT has a beta of 1.44, meaning it tends to be more sensitive to market movements. RKT has a correlation of 0.17 to the broad based SPY ETF.
RKT has a market cap of $2.14 billion. This is considered a Mid Cap stock.
Last quarter Rocket Companies Class A reported $1 billion in Revenue and $.04 earnings per share. This fell short of revenue expectation by $-3 million and exceeded earnings estimates by $.01.
In the last 3 years, RKT traded as high as $21.38 and as low as $5.97.
The top ETF exchange traded funds that RKT belongs to (by Net Assets): VTI, VO, KBE, VXF, KOMP.
RKT has outperformed the market in the last year with a price return of +19.5% while the SPY ETF gained +15.0%. RKT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +8.8% and +12.1%, respectively, while the SPY returned -4.7% and -6.0%, respectively.
RKT support price is $14.40 and resistance is $15.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RKT shares will trade within this expected range on the day.