During the recent session, Rocket Lab USA Inc (NASDAQ:RKLB)’s traded shares were 4.02 million, with the beta value of the company hitting 1.30. At the last check today, the stock’s price was $11.27, reflecting an intraday gain of 5.28% or $0.57. The 52-week high for the RKLB share is $12.09, that puts it down -7.28 from that peak though still a striking 69.21% gain since the share price plummeted to a 52-week low of $3.47. The company’s market capitalization is $5.59B, and the average intraday trading volume over the past 10 days was 10.91 million shares, and the average trade volume was 14.49 million shares over the past three months.
Rocket Lab USA Inc (RKLB) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.79. RKLB has a Sell rating from 0 analyst(s) out of 9 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.11.
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Rocket Lab USA Inc (NASDAQ:RKLB) trade information
Rocket Lab USA Inc (RKLB) registered a 5.28% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 5.28% in intraday trading to $11.27, hitting a weekly high. The stock’s 5-day price performance is 0.76%, and it has moved by 21.79% in 30 days. Based on these gigs, the overall price performance for the year is 165.69%. The short interest in Rocket Lab USA Inc (NASDAQ:RKLB) is 62.13 million shares and it means that shorts have 4.18 day(s) to cover.
The consensus price target of analysts on Wall Street is $7, which implies a decrease of -61.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4.5 and $12 respectively. As a result, RKLB is trading at a discount of -6.48% off the target high and 60.07% off the low.
Rocket Lab USA Inc (RKLB) estimates and forecasts
Statistics show that Rocket Lab USA Inc has underperformed its competitors in share price, compared to the industry in which it operates. Rocket Lab USA Inc (RKLB) shares have gone up 181.63% during the last six months, with a year-to-date growth rate less than the industry average at -2.63% against 12.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -37.50% this quarter and then drop -10.00% in the quarter after that. In the rating firms’ projections, revenue will increase 73.10% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 102.28M as predicted by 12 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 121.92M by the end of current fiscal year.
While earnings are projected to return -33.65% in 2024.
RKLB Dividends
Rocket Lab USA Inc is due to release its next quarterly earnings on 2024-Nov-12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Rocket Lab USA Inc (NASDAQ:RKLB)’s Major holders
Rocket Lab USA Inc insiders own 11.02% of total outstanding shares while institutional holders control 56.23%, with the float percentage being 63.19%. VK SERVICES, LLC is the largest shareholder of the company, while 324.0 institutions own stock in it. As of 2024-06-30, the company held over 52.03 million shares (or 10.6179% of all shares), a total value of $249.73 million in shares.
The next largest institutional holding, with 40.74 million shares, is of DEER MANAGEMENT CO. LLC’s that is approximately 8.3141% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $195.55 million.
