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Rocket Lab USA Inc. (NASDAQ:RKLB) fall -324.20% In 2022; How Attractive Is It At $4.31?

In last trading session, Rocket Lab USA Inc. (NASDAQ:RKLB) saw 10.43 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $4.31 trading at -$0.61 or -12.40% at ring of the bell on the day assigns it a market valuation of $2.04B. That closing price of RKLB’s stock is at a discount of -293.74% from its 52-week high price of $16.97 and is indicating a premium of 18.1% from its 52-week low price of $3.53. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.5 million shares which gives us an average trading volume of 4.33 million if we extend that period to 3-months.

For Rocket Lab USA Inc. (RKLB), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.90. Splitting up the data highlights that, out of 9 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.06 in the current quarter.

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Rocket Lab USA Inc. (NASDAQ:RKLB) trade information

Upright in the red during last session for losing -12.40%, in the last five days RKLB remained trading in the red while hitting it’s week-highest on Wednesday, 09/21/22 when the stock touched $4.31 price level, adding 16.8% to its value on the day. Rocket Lab USA Inc.’s shares saw a change of -64.90% in year-to-date performance and have moved -15.49% in past 5-day. Rocket Lab USA Inc. (NASDAQ:RKLB) showed a performance of -19.44% in past 30-days. Number of shares sold short was 17.59 million shares which calculate 3.32 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $13.06 to the stock, which implies a rise of 67.0% to its current value. Analysts have been projecting $6.50 as a low price target for the stock while placing it at a high target of $20.00. It follows that stock’s current price would drop -364.04% in reaching the projected high whereas dropping to the targeted low would mean a loss of -50.81% for stock’s current value.

Rocket Lab USA Inc. (RKLB) estimates and forecasts

Statistics highlight that Rocket Lab USA Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -50.80% of value to its shares in past 6 months, showing an annual growth rate of 42.86% while that of industry is -4.20. Apart from that, the company came raising its revenue forecast for fiscal year 2022. This year revenue growth is estimated to rise 231.40% from the last financial year’s standing.

7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $49.24 million for the same. And 7 analysts are in estimates of company making revenue of $54.4 million in the next quarter that will end on Sep 2022. Company posted $11.28 million and $5.29 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 336.50% while estimating it to be 928.90% for the next quarter.

RKLB Dividends

Rocket Lab USA Inc. is more likely to be releasing its next quarterly report in October and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Rocket Lab USA Inc. (NASDAQ:RKLB)’s Major holders

Insiders are in possession of 21.50% of company’s total shares while institution are holding 60.93 percent of that, with stock having share float percentage of 77.61%. Investors also watch the number of corporate investors in a company very closely, which is 60.93% institutions for Rocket Lab USA Inc. that are currently holding shares of the company. VK Services, LLC is the top institutional holder at RKLB for having 103.5 million shares of worth $833.21 million. And as of Mar 30, 2022, it was holding 22.32% of the company’s outstanding shares.

The second largest institutional holder is Deer Management Co. LLC, which was holding about 73.31 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 15.81% of outstanding shares, having a total worth of $590.13 million.

On the other hand, SPDR (R) Ser Tr-SPDR S&P Aerospace & Defense ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 10.45 million shares of worth $39.61 million or 2.25% of the total outstanding shares. The later fund manager was in possession of 7.83 million shares on Mar 30, 2022, making its stake of worth around $63.05 million in the company or a holder of 1.69% of company’s stock.

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