Rocket Companies is a holding company. Through its subsidiaries, Co. is a FinTech company consisting of tech-driven real estate, mortgage and financial service businesses. Co.'s business is organized into two segments, Direct to Consumer and Partner Network. Direct to Consumer consists of performance marketing and direct engagement through Co.'s Rocket Mortgage App, and Partner Network is its growing segment of partnerships with consumer-focused organizations, brokers and mortgage personnel who utilize its platform and scale to provide mortgage solutions to their clients. We show 13 historical shares outstanding datapoints in our RKT shares outstanding history coverage, used to compute RKT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing RKT market cap history over the course of time is important for investors
interested in comparing RKT's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of RKT versus a peer is one thing; comparing
RKT market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like RKT can fluctuate over the course of history.
With this page we aim to empower investors researching RKT by allowing them to research the RKT market cap history. |
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Video: The Importance of Market Cap
