During the recent session, Rocket Lab USA Inc (NASDAQ:RKLB)’s traded shares were 12.01 million, with the beta value of the company hitting 1.62. At the last check today, the stock’s price was $22.66, reflecting an intraday gain of 1.10% or $0.25. The 52-week high for the RKLB share is $22.55, that puts it up 0.49 from that peak though still a striking 84.69% gain since the share price plummeted to a 52-week low of $3.47. The company’s market capitalization is $11.33B, and the average intraday trading volume over the past 10 days was 38.23 million shares, and the average trade volume was 17.00 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 -0.08.
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Rocket Lab USA Inc (NASDAQ:RKLB) trade information
Rocket Lab USA Inc (RKLB) registered a 1.10% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.10% in intraday trading to $22.66, hitting a weekly high. The stock’s 5-day price performance is 19.25%, and it has moved by 102.47% in 30 days. Based on these gigs, the overall price performance for the year is 431.85%. The short interest in Rocket Lab USA Inc (NASDAQ:RKLB) is 58.95 million shares and it means that shorts have 4.67 day(s) to cover.
The consensus price target of analysts on Wall Street is $7, which implies a decrease of -223.71% 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 premium of 47.04% off the target high and 80.14% 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 438.17% during the last six months, with a year-to-date growth rate less than the industry average at 0.00% against 12.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -4.30% this quarter and then drop -31.98% in the quarter after that. In the rating firms’ projections, revenue will increase 77.45% 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 130.37M as predicted by 11 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 138.49M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 59.99M and 92.77M respectively. In this case, analysts expect current quarter sales to grow by 117.31% and then jump by 49.29% in the coming quarter.
While earnings are projected to return -34.63% in 2024.
RKLB Dividends
Rocket Lab USA Inc is due to release its next quarterly earnings in December. 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 10.95% of total outstanding shares while institutional holders control 50.69%, with the float percentage being 56.92%. VK SERVICES, LLC is the largest shareholder of the company, while 371.0 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.
Also, the Mutual Funds coming in first place with the largest holdings of Rocket Lab USA Inc (RKLB) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 10.48 shares. This amounts to just over 2.10 percent of the company’s overall shares, with a $241.67 million market value. The same data shows that the other fund manager holds slightly less at 9.04, or about 1.81% of the stock, which is worth about $208.5 million.
