In the latest trading session, 6.03 million Rocket Lab USA Inc (NASDAQ:RKLB) shares changed hands as the company’s beta touched 1.99. With the company’s most recent per share price at $24.61 changed hands at -$0.26 or -1.05% at last look, the market valuation stands at $13.18B. RKLB’s current price is a discount, trading about -14.18% off its 52-week high of $28.10. The share price had its 52-week low at $3.47, which suggests the last value was 85.9% up since then. When we look at Rocket Lab USA Inc’s average trading volume, we note the 10-day average is 18.42 million shares, with the 3-month average coming to 20.77 million.
Analysts gave the Rocket Lab USA Inc (RKLB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.79. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended RKLB as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Rocket Lab USA Inc’s EPS for the current quarter is expected to be -0.08.
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Rocket Lab USA Inc (NASDAQ:RKLB) trade information
Instantly RKLB was in red as seen in intraday trades today. With action -4.98%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 345.01%, with the 5-day performance at -4.98% in the red. However, in the 30-day time frame, Rocket Lab USA Inc (NASDAQ:RKLB) is 9.81% up. Looking at the short shares, we see there were 49.28 million shares sold at short interest cover period of 1.79 days.
The consensus price target for the stock as assigned by Wall Street analysts is 9, meaning bulls need a downside of -173.44% from its recent market value. According to analyst projections, RKLB’s forecast low is 6 with 12 as the target high. To hit the forecast high, the stock’s price needs a 51.24% surge from its current level, while the stock would need to tank 75.62% for it to hit the projected low.
Rocket Lab USA Inc (RKLB) estimates and forecasts
Data shows that the Rocket Lab USA Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 419.18% over the past 6 months, a 10.53% in annual growth rate that is considerably lower than the industry average of 15.30%. Year-over-year growth is forecast to reach 77.35% up from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 130M. 7 analysts are of the opinion that Rocket Lab USA Inc’s revenue for the current quarter will be 138.49M. The company’s revenue for the corresponding quarters a year ago was 59.99M and 92.77M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 116.71%. The estimates for the next quarter sales put growth at 49.29%.
The 2024 estimates are for Rocket Lab USA Inc earnings to decrease by -27.63%.
RKLB Dividends
Rocket Lab USA Inc is expected to release its next quarterly earnings report in January.
Rocket Lab USA Inc (NASDAQ:RKLB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 10.90% of Rocket Lab USA Inc shares while 55.13% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 61.87%. There are 55.13% institutions holding the Rocket Lab USA Inc stock share, with VK SERVICES, LLC the top institutional holder. As of 2024-06-30, the company held 10.6179% of the shares, roughly 52.03 million RKLB shares worth $249.73 million.
DEER MANAGEMENT CO. LLC holds the second largest percentage of outstanding shares, with 8.3141% or 40.74 million shares worth $195.55 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 11.88 shares estimated at $296.45 million under it, the former controlled 2.38% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 1.86% of the shares, roughly 9.32 shares worth around $232.54 million.
