Rocket Lab USA Inc (NASDAQ:RKLB) Receives Different Reactions From Analysts

In today’s recent session, 2.78 million shares of the Rocket Lab USA Inc (NASDAQ:RKLB) have been traded, and its beta is 1.21. Most recently the company’s share price was $3.68, and it changed around $0.09 or 2.65% from the last close, which brings the market valuation of the company to $1.80B. RKLB at last check was trading at a discount to its 52-week high of $8.05, offering almost -118.75% off that amount. The share price’s 52-week low was $3.47, which indicates that the recent value has risen by an impressive 5.71% since then. We note from Rocket Lab USA Inc’s average daily trading volume that its 3-month average coming to 9.07 million.

Rocket Lab USA Inc (NASDAQ:RKLB) trade information

Instantly RKLB has been showing a green trend so far today with a performance of 2.65% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -33.36% year-to-date, but still up 3.51% over the last five days. On the other hand, Rocket Lab USA Inc (NASDAQ:RKLB) is -9.01% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $8.43, which translates to bulls needing to increase their stock price by 56.35% from its current value. Analyst projections state that RKLB is forecast to be at a low of $5 and a high of $12.

Rocket Lab USA Inc (RKLB) estimates and forecasts

Rocket Lab USA Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -9.90 percent over the past six months and at a -10.53% annual growth rate that is well below the industry average of 14.10%. The year-over-year growth rate is expected to be 75.60%, up from the previous year.

Consensus estimates provided by 9 financial analysts predict the company will bring in an average of $94.99 million in revenue for the current quarter. 9 analysts expect Rocket Lab USA Inc to make $106.22 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $54.9 million and $61.79 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 73.00%. Forecasts for the next quarter put sales growth at 71.90%.