In today’s recent session, 6.34 million shares of the Rocket Lab USA Inc (NASDAQ:RKLB) have been traded, and its beta is 1.32. Most recently the company’s share price was $9.72, and it changed around -$0.08 or -0.87% from the last close, which brings the market valuation of the company to $4.82B. RKLB at last check was trading at a discount to its 52-week high of $10.29, offering almost -5.86% off that amount. The share price’s 52-week low was $3.47, which indicates that the recent value has risen by an impressive 64.3% since then. We note from Rocket Lab USA Inc’s average daily trading volume that its 10-day average is 17.7 million shares, with the 3-month average coming to 12.64 million.
Rocket Lab USA Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.79. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 4 recommended RKLB as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Rocket Lab USA Inc is expected to report earnings per share of -0.11 for the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Rocket Lab USA Inc (NASDAQ:RKLB) trade information
Instantly RKLB has been showing red trend so far today with a performance of -0.87% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 10.11 on recent trading dayincreased the stock’s daily price by 3.86%. The company’s shares are currently up 75.68% year-to-date, but still down -0.15% over the last five days. On the other hand, Rocket Lab USA Inc (NASDAQ:RKLB) is 67.21% up in the 30-day period. We can see from the shorts that 58.18 million shares have been sold at a short interest cover period of 3.34 day(s).
The consensus price target as assigned by Wall Street analysts is $7, which translates to bulls needing to decrease their stock price by -38.86% from its current value. Analyst projections state that RKLB is forecast to be at a low of $4.5 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 risen 157.69 percent over the past six months and at a -2.63% annual growth rate that is well below the industry average of 11.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -37.50% in revenue this quarter, and will report a decrease of -10.00% in the next quarter. The year-over-year growth rate is expected to be 73.10%, up from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of 102.28M in revenue for the current quarter. 12 analysts expect Rocket Lab USA Inc to make 121.92M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 103.20%.
RKLB Dividends
Rocket Lab USA Inc’s next quarterly earnings report is expected to be released on 2024-Nov-06.
Rocket Lab USA Inc (NASDAQ:RKLB)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 11.02% of Rocket Lab USA Inc shares, and 56.44% of them are in the hands of institutional investors. The stock currently has a share float of 63.42%. Rocket Lab USA Inc stock is held by 313.0 institutions, with VK SERVICES, LLC being the largest institutional investor. By 2024-06-30, it held 10.6179% of the shares, which is about 52.03 million shares worth $249.73 million.
DEER MANAGEMENT CO. LLC, with 8.3141% or 40.74 million shares worth $195.55 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
