Rocket Lab USA Inc (NASDAQ:RKLB)’s traded shares stood at 42.06 million during the last session, with the company’s beta value hitting 1.48. At the close of trading, the stock’s price was $19.00, to imply an increase of 9.45% or $1.64 in intraday trading. The RKLB share’s 52-week high remains $22.55, putting it -18.68% down since that peak but still an impressive 81.74% since price per share fell to its 52-week low of $3.47. The company has a valuation of $9.50B, with an average of 29.72 million shares in intraday trading volume over the past 10 days and average of 17.83 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Rocket Lab USA Inc (RKLB), translating to a mean rating of 1.79. Of 9 analyst(s) looking at the stock, 0 analyst(s) give RKLB a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.08.
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Rocket Lab USA Inc (NASDAQ:RKLB) trade information
After registering a 9.45% upside in the last session, Rocket Lab USA Inc (RKLB) has traded red over the past five days. The 5-day price performance for the stock is 40.64%, and 77.90% over 30 days. With these gigs, the year-to-date price performance is 243.58%. Short interest in Rocket Lab USA Inc (NASDAQ:RKLB) saw shorts transact 58.95 million shares and set a 4.67 days time to cover.
The extremes give us $4.5 and $12 for target low and target high price respectively. As such, RKLB has been trading 36.84% off suggested target high and 76.32% from its likely low.
Rocket Lab USA Inc (RKLB) estimates and forecasts
Looking at statistics comparing Rocket Lab USA Inc share performance against respective industry, we note that the company has underperformed competitors. Rocket Lab USA Inc (RKLB) shares are 347.06% up over the last 6 months, with its year-to-date growth rate lower than industry average at -2.63% against 12.40%. Revenue is forecast to shrink -6.62% this quarter before falling -28.97% for the next one. The rating firms project that company’s revenue will grow 76.96% compared to the previous financial year.
Revenue forecast for the current quarter as set by 11 analysts is 129.81M. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 135.92M.Earnings reports from the last fiscal year show that sales brought in 59.99M and 92.77M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 116.38% before jumping 46.52% in the following quarter.
RKLB Dividends
Rocket Lab USA Inc has its next earnings report out on 2024-Nov-12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Rocket Lab USA Inc (NASDAQ:RKLB)’s Major holders
Rocket Lab USA Inc insiders hold 10.95% of total outstanding shares, with institutional holders owning 50.79% of the shares at 57.04% float percentage. In total, 50.79% institutions holds shares in the company, led by VK SERVICES, LLC. As of 2024-06-30, the company held over 52.03 million shares (or 10.6179% of shares), all amounting to roughly $249.73 million.
The next major institution holding the largest number of shares is DEER MANAGEMENT CO. LLC with 40.74 million shares, or about 8.3141% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $195.55 million.
