During the last session, Rocket Lab USA Inc (NASDAQ:RKLB)’s traded shares were 15.32 million, with the beta value of the company hitting 2.00. At the end of the trading day, the stock’s price was $27.62, reflecting an intraday loss of -2.13% or -$0.6. The 52-week high for the RKLB share is $33.34, that puts it down -20.71 from that peak though still a striking 87.44% gain since the share price plummeted to a 52-week low of $3.47. The company’s market capitalization is $13.81B, and the average intraday trading volume over the past 10 days was 18.64 million shares, and the average trade volume was 23.61 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 1.86. 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 -2.13% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.13% in intraday trading to $27.62, hitting a weekly high. The stock’s 5-day price performance is -3.43%, and it has moved by 15.52% in 30 days. Based on these gigs, the overall price performance for the year is 536.41%. The short interest in Rocket Lab USA Inc (NASDAQ:RKLB) is 51.81 million shares and it means that shorts have 2.58 day(s) to cover.
The consensus price target of analysts on Wall Street is $21.5, which implies a decrease of -28.47% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12 and $31 respectively. As a result, RKLB is trading at a discount of -12.24% off the target high and 56.55% off the low.
Rocket Lab USA Inc (RKLB) estimates and forecasts
In the rating firms’ projections, revenue will increase 77.57% 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 130.57M as predicted by 12 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 117.65% and then jump by 48.01% in the coming quarter.
While earnings are projected to return -27.93% in 2025.
RKLB Dividends
Rocket Lab USA Inc is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
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 Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 11.88 shares. This amounts to just over 2.38 percent of the company’s overall shares, with a $328.17 million market value. The same data shows that the other fund manager holds slightly less at 9.77, or about 1.95% of the stock, which is worth about $269.8 million.
