In the latest trading session, 8.86 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 $27.81 changed hands at -$1.24 or -4.27% at last look, the market valuation stands at $13.90B. RKLB’s current price is a discount, trading about -19.88% off its 52-week high of $33.34. The share price had its 52-week low at $3.47, which suggests the last value was 87.52% up since then. When we look at Rocket Lab USA Inc’s average trading volume, we note the 10-day average is 23.84 million shares, with the 3-month average coming to 23.16 million.
Analysts gave the Rocket Lab USA Inc (RKLB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.86. 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 (NASDAQ:RKLB) trade information
Instantly RKLB was in red as seen in intraday trades today. With action -5.50%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 9.19%, with the 5-day performance at -5.50% in the red. However, in the 30-day time frame, Rocket Lab USA Inc (NASDAQ:RKLB) is 9.19% up. Looking at the short shares, we see there were 54.45 million shares sold at short interest cover period of 3.19 days.
The consensus price target for the stock as assigned by Wall Street analysts is 21.5, meaning bulls need a downside of -29.35% from its recent market value. According to analyst projections, RKLB’s forecast low is 12 with 31 as the target high. To hit the forecast high, the stock’s price needs a -11.47% plunge from its current level, while the stock would need to tank 56.85% 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 460.69% over the past 6 months, a 10.53% in annual growth rate that is considerably lower than the industry average of 14.70%.
The 2025 estimates are for Rocket Lab USA Inc earnings to decrease by -27.93%.
RKLB Dividends
Rocket Lab USA Inc is expected to release its next quarterly earnings report in March.
Rocket Lab USA Inc (NASDAQ:RKLB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.70% of Rocket Lab USA Inc shares while 55.47% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 55.86%. There are 55.47% 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 iShares Russell 2000 ETF. With 11.88 shares estimated at $336.6 million under it, the former controlled 2.38% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.95% of the shares, roughly 9.77 shares worth around $276.73 million.
