In the last trading session, 29.05 million shares of the Rocket Lab USA Inc (NASDAQ:RKLB) were traded, and its beta was 1.43. Most recently the company’s share price was $19.29, and it changed around $0.29 or 1.53% from the last close, which brings the market valuation of the company to $10.55B. RKLB currently trades at a discount to its 52-week high of $22.55, offering almost -16.9% off that amount. The share price’s 52-week low was $3.47, which indicates that the current value has risen by an impressive 82.01% since then. We note from Rocket Lab USA Inc’s average daily trading volume that its 10-day average is 32.87 million shares, with the 3-month average coming to 18.11 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 15 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 5 recommended RKLB as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. Rocket Lab USA Inc is expected to report earnings per share of -0.08 for the current quarter.
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Rocket Lab USA Inc (NASDAQ:RKLB) trade information
Instantly RKLB has showed a green trend with a performance of 1.53% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 22.55 on recent trading dayincreased the stock’s daily price by 14.46%. The company’s shares are currently up 248.82% year-to-date, but still up 30.51% over the last five days. On the other hand, Rocket Lab USA Inc (NASDAQ:RKLB) is 78.45% up in the 30-day period. We can see from the shorts that 58.95 million shares have been sold at a short interest cover period of 4.67 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 -175.57% 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 338.41 percent over the past six months and at a -2.63% annual growth rate that is well below the industry average of 12.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -4.30% in revenue this quarter, and will report a decrease of -31.98% in the next quarter. The year-over-year growth rate is expected to be 77.46%, up from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 130.6M in revenue for the current quarter. 7 analysts expect Rocket Lab USA Inc to make 138.49M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 59.99M and 92.77M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 117.70%. Forecasts for the next quarter put sales growth at 49.29%.
RKLB Dividends
Rocket Lab USA Inc’s next quarterly earnings report is expected to be released in December.
Rocket Lab USA Inc (NASDAQ:RKLB)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 10.95% of Rocket Lab USA Inc shares, and 50.69% of them are in the hands of institutional investors. The stock currently has a share float of 56.92%. Rocket Lab USA Inc stock is held by 370.0 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.
