Rocket Lab USA Inc (NASDAQ:RKLB) has a beta value of 1.33 and has seen 8.25 million shares traded in the last trading session. The company, currently valued at $4.82B, closed the last trade at $9.70 per share which meant it gained $0.31 on the day or 3.30% during that session. The RKLB stock price is -6.08% off its 52-week high price of $10.29 and 64.23% above the 52-week low of $3.47. If we look at the company’s 10-day average daily trading volume, we find that it stood at 12.14 million shares traded. The 3-month trading volume is 12.99 million shares.
The consensus among analysts is that Rocket Lab USA Inc (RKLB) is Buy stock at the moment, with a recommendation rating of 1.79. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 9 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.11.
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Rocket Lab USA Inc (NASDAQ:RKLB) trade information
Sporting 3.30% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the RKLB stock price touched $9.70 or saw a rise of 4.34%. Year-to-date, Rocket Lab USA Inc shares have moved 75.41%, while the 5-day performance has seen it change -1.02%. Over the past 30 days, the shares of Rocket Lab USA Inc (NASDAQ:RKLB) have changed 41.40%. Short interest in the company has seen 61.25 million shares shorted with days to cover at 4.41.
Wall Street analysts have a consensus price target for the stock at $7, which means that the shares’ value could drop -38.57% from current levels. The projected low price target is $4.5 while the price target rests at a high of $12.0. In that case, then, we find that the current price level is -23.71% off the targeted high while a plunge would see the stock lose 53.61% from current levels.
Rocket Lab USA Inc (RKLB) estimates and forecasts
Figures show that Rocket Lab USA Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 160.05% over the past 6 months, with this year growth rate of -2.63%, compared to 11.10% for the industry. Revenue growth from the last financial year stood is estimated to be 73.10%.
12 analysts offering their estimates for the company have set an average revenue estimate of 102.28M for the current quarter. 12 have an estimated revenue figure of 121.92M for the next ending quarter.
RKLB Dividends
Rocket Lab USA Inc is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Rocket Lab USA Inc (NASDAQ:RKLB)’s Major holders
Insiders own 11.02% of the company shares, while shares held by institutions stand at 56.44% with a share float percentage of 63.43%. Investors are also buoyed by the number of investors in a company, with Rocket Lab USA Inc having a total of 313.0 institutions that hold shares in the company. The top two institutional holders are VK SERVICES, LLC with over 52.03 million shares worth more than $249.73 million. As of 2024-06-30, VK SERVICES, LLC held 10.6179% of shares outstanding.
The other major institutional holder is DEER MANAGEMENT CO. LLC, with the holding of over 40.74 million shares as of 2024-06-30. The firm’s total holdings are worth over $195.55 million and represent 8.3141% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Jun 30, 2024 , the former fund manager holds about 2.11% shares in the company for having 10.48 shares of worth $101.64 million while later fund manager owns 9.33 shares of worth $90.53 million as of Aug 31, 2024 , which makes it owner of about 1.88% of company’s outstanding stock.
