Rocket Lab USA Inc (NASDAQ:RKLB)’s traded shares stood at 15.09 million during the last session, with the company’s beta value hitting 2.00. At the close of trading, the stock’s price was $24.87, to imply an increase of 2.94% or $0.71 in intraday trading. The RKLB share’s 52-week high remains $30.26, putting it -21.67% down since that peak but still an impressive 86.05% since price per share fell to its 52-week low of $3.47. The company has a valuation of $12.43B, with an average of 17.02 million shares in intraday trading volume over the past 10 days and average of 21.21 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 -0.07.
Rocket Lab USA Inc (NASDAQ:RKLB) trade information
After registering a 2.94% 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 -11.02%, and 10.14% over 30 days. With these gigs, the year-to-date price performance is -2.36%. Short interest in Rocket Lab USA Inc (NASDAQ:RKLB) saw shorts transact 53.33 million shares and set a 2.77 days time to cover.
The extremes give us $12 and $31 for target low and target high price respectively. As such, RKLB has been trading -24.65% off suggested target high and 51.75% 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 341.74% up over the last 6 months, with its year-to-date growth rate lower than industry average at 10.53% against 14.50%. The rating firms project that company’s revenue will grow 77.45% compared to the previous financial year.
Revenue forecast for the current quarter as set by 11 analysts is 130.26M. Meanwhile, for the current quarter, a total of 8 analyst(s) estimate revenue growth to 137.31M.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 117.13% before jumping 48.01% in the following quarter.
RKLB Dividends
Rocket Lab USA Inc has its next earnings report out in February. 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 0.70% of total outstanding shares, with institutional holders owning 55.40% of the shares at 55.79% float percentage. In total, 55.40% 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.
We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the Rocket Lab USA Inc (RKLB) shares. Going by data provided on Sep 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 11.88 shares. This is just over 2.38% of the total shares, with a market valuation of $295.5 million. Data from the same date shows that the other fund manager holds a little less at 9.32, or 1.86% of the shares, all valued at about 231.79 million.
