During the recent session, Rocket Lab USA Inc (NASDAQ:RKLB)’s traded shares were 6.05 million, with the beta value of the company hitting 1.98. At the last check today, the stock’s price was $24.76, reflecting an intraday loss of -2.79% or -$0.71. The 52-week high for the RKLB share is $28.80, that puts it down -16.32 from that peak though still a striking 85.99% gain since the share price plummeted to a 52-week low of $3.47. The company’s market capitalization is $12.38B, and the average intraday trading volume over the past 10 days was 16.31 million shares, and the average trade volume was 20.12 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 -0.07.
Rocket Lab USA Inc (NASDAQ:RKLB) trade information
Rocket Lab USA Inc (RKLB) registered a -2.79% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.79% in intraday trading to $24.76, hitting a weekly high. The stock’s 5-day price performance is -6.92%, and it has moved by 2.50% in 30 days. Based on these gigs, the overall price performance for the year is 366.29%. The short interest in Rocket Lab USA Inc (NASDAQ:RKLB) is 50.78 million shares and it means that shorts have 1.62 day(s) to cover.
The consensus price target of analysts on Wall Street is $9, which implies a decrease of -175.11% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $12 respectively. As a result, RKLB is trading at a premium of 51.53% off the target high and 75.77% 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 435.93% during the last six months, with a year-to-date growth rate less than the industry average at 10.53% against 13.60. 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 130.26M as predicted by 11 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 137.31M 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 117.13% and then jump by 48.01% in the coming quarter.
While earnings are projected to return -27.63% in 2025.
RKLB Dividends
Rocket Lab USA Inc is due to release its next quarterly earnings in February. 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 10.90% of total outstanding shares while institutional holders control 55.12%, with the float percentage being 61.87%. VK SERVICES, LLC is the largest shareholder of the company, while 376.0 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.
