Is Rocket Lab USA Inc’s (NASDAQ: RKLB) Stock Due For A Strong Run?

In the last trading session, 15.91 million Rocket Lab USA Inc (NASDAQ:RKLB) shares changed hands as the company’s beta touched 1.19. With the company’s per share price at $3.53 changed hands at -$0.2 or -5.36% during last session, the market valuation stood at $1.73B. RKLB’s last price was a discount, traded about -128.05% off its 52-week high of $8.05. The share price had its 52-week low at $3.66, which suggests the last value was -3.68% down since then. When we look at Rocket Lab USA Inc’s average trading volume, we note the 3-month average coming to 8.92 million.

Rocket Lab USA Inc (NASDAQ:RKLB) trade information

Instantly RKLB was in red as seen at the end of in last trading. With action -6.37%, the performance over the past five days has been red. The drop to weekly highs of 3.95 subtracted -5.36% to the stock’s daily price. The company’s shares are showing year-to-date downside of -36.17%, with the 5-day performance at -6.37% in the red. However, in the 30-day time frame, Rocket Lab USA Inc (NASDAQ:RKLB) is -15.35% down.

Rocket Lab USA Inc (RKLB) estimates and forecasts

Data shows that the Rocket Lab USA Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -20.14% over the past 6 months, a -10.53% in annual growth rate that is considerably lower than the industry average of 14.30%.

The 2024 estimates are for Rocket Lab USA Inc earnings to decrease by -40.70%.

RKLB Dividends

Rocket Lab USA Inc is expected to release its next quarterly earnings report on January 31.