Price Over Earnings Overview: Rocket Companies
Portfolio Pulse from Benzinga Insights
Rocket Companies Inc. (NYSE:RKT) shares are trading at $18.70, down 0.80%. The stock decreased by 8.06% over the past month but increased by 129.03% over the past year. The company's P/E ratio of 209.44 is significantly higher than the Financial Services industry average of 29.33, suggesting potential overvaluation.
October 03, 2024 | 3:31 pm
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Rocket Companies' stock is trading at $18.70, with a recent decrease of 0.80%. Despite a strong yearly performance, its P/E ratio of 209.44 compared to the industry average of 29.33 suggests potential overvaluation.
The high P/E ratio of Rocket Companies compared to the industry average suggests that the stock might be overvalued, which could lead to a negative short-term impact on the stock price as investors reassess its valuation.
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