How to Buy Rocket Companies Stock
Rocket Companies Inc
Rocket Companies, Inc. engages in the mortgage business in the United States.
Rocket Companies stock last closed at $12.28, down 1.05% from the previous day, and has increased 41.31% in one year. It has overperformed other stocks in the Mortgage Finance industry by 0.32 percentage points. Rocket Companies stock is currently +71.27% from its 52-week low of $7.17, and -19.16% from its 52-week high of $15.19.
As of Apr 30, 2024, there are 1.99B RKT shares outstanding. The market cap of RKT is $24.38B. In the last 24 hours, 1.3M RKT shares were traded.
How to Buy Rocket Companies Stock
Wondering how to invest in Rocket Companies stock? Here's how.
- Figure out where to buy Rocket Companies stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you choose where to buy Rocket Companies stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Pick your method of payment and add your info.
- Research Rocket Companies stock: The Rocket Companies ticker symbol is RKT. Is Rocket Companies stock a good investment? Should you buy shares of RKT? How do RKT's underlying business fundamentals look? Do top analysts think Rocket Companies is a good buy? Why has RKT's stock price moved recently? (Hint: Our stock analysis website can help you figure out if RKT is a good stock to buy).
- Make your RKT buy order: Decide if you will purchase RKT shares at the current market price or use a limit order to purchase RKT stock at a specific price.
- Get the latest news on your RKT position: Create a watchlist to get the latest news on your new investment in Rocket Companies shares.
Step 1: Figure out where to buy Rocket Companies stock
You need an online brokerage account in order to access the NYSE market and buy RKT shares.
Our preferred brokerage: eToro
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Get $10 towards your purchase of shares by opening an account with eToro today.
Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal info so you are able to buy RKT stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to create your new trading account.
- Send your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have filled out your info on a investment app, you can securely and quickly fund your account:
Watch the video below for more details transferring funds into your investment account.
Step 4: Research Rocket Companies stock
Once you have figured out the best place to buy Rocket Companies stock, it's critical to analyze their stock before you buy, so you actually comprehend the risk and upside.
Rocket Companies stock at a glance
Rocket Companies Zen Score
WallStreetZen was created to help part-time investors perform more accurate fundamental analysis.
You can view all of the due diligence checks on RKT's stock page.
Is RKT stock undervalued or overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge RKT's fair value.
Using relative valuations measures:
- RKT could be overvalued based on its P/B ratio of 39.02x, relative to Mortgage Finance industry P/B ratio of 0.37x
You can access more valuation research on RKT's stock here.
How do RKT Financials look?
Failed Health Checks:
- Total RKT debt is higher than 5 years ago, relative to shareholder equity.
- RKT profit margin has gone down from 0.8% to -0.4% in the past year.
- RKT has a relatively high debt to equity ratio of 17.49.
- RKT earnings of $125.06M is not enough to cover its interest payments.
- RKT's operating cash flow of $110.33M allows it to safely service it's debt of $8.03B.
Do Wall Street analysts think it's a good time to buy RKT stock
Out of 8 Wall Street analysts who track RKT, the consensus analyst rating on Rocket Companies is a Sell
Please note that analyst ratings are not recommendations, nor are they investment advice.
Latest RKT Analyst Ratings
Mark Devries, a top 20% analyst from Deutsche Bank initiates coverage on RKT with a hold rating and announces their RKT price target of $10.00, on Jan 10, 2024.
Richard Shane, a top 12% analyst from JP Morgan downgrades RKT to a strong sell rating and raises their RKT price target from $8.50 to $10.50, on Jan 4, 2024.
Bose George, a top 14% analyst from Keefe, Bruyette & Woods downgrades RKT to a sell rating and announces their RKT price target of $10.75, on Jan 3, 2024.
You can dive deeper into what analysts are forecasting on the Rocket Companies stock forecast page.
RKT Trading Indicators
RKT Revenue
Last year, RKT revenue was $3.80B. In the last five year, RKT's revenue has gone up by -2.03% per year. This was slower than the Mortgage Finance industry average of 0.78%.
Learn more about RKT's earnings and revenue performance here.
Who is buying/selling RKT?
Over the past year, executives and large shareholders at RKT have sold more shares than they have bought.
Matthew Rizik, Director of RKT, was the latest RKT insider to buy. They bought $4,212.43 worth of RKT shares on Apr 25, 2024.
Get more info about who owns RKT stock here.
Does RKT provide a stable income stream?
No, Rocket Companies doesn't provide an income stream by paying out dividends.
Get opinions from other traders
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Make your RKT buy order
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally sufficient. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount limit, use a limit order.
Click the Open button and eToro will place your order.
If you require more help investing in stocks on eToro, click the helpful video below:
Step 6: Get the latest news on your RKT position
Now that you own some RKT shares, you'll want to keep up with your new investment.
Put RKT on a watchlist to track the latest developments regarding your RKT stock.
RKT Feed
How to Buy Stock in Rocket Companies
To reiterate, here are the 6 steps for buying Rocket Companies stock:
- Figure out where to buy Rocket Companies stock
- Open your brokerage account
- Put funds into your investment account
- Research Rocket Companies stock
- Make your RKT buy order
- Get the latest news on your RKT position
If you are looking for a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep tabs on your investment in Rocket Companies, add RKT to your watchlist by clicking the button below.
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