Rocket Lab USA Inc (NASDAQ:RKLB) has a beta value of 1.99 and has seen 5.35 million shares traded in the recent trading session. The company, currently valued at $14.40B, closed the recent trade at $28.80 per share which meant it gained $0.78 on the day or 2.78% during that session. The RKLB stock price is -15.76% off its 52-week high price of $33.34 and 87.95% above the 52-week low of $3.47. If we look at the company’s 10-day average daily trading volume, we find that it stood at 18.26 million shares traded. The 3-month trading volume is 21.28 million shares.
The consensus among analysts is that Rocket Lab USA Inc (RKLB) is Buy stock at the moment, with a recommendation rating of 1.86. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 9 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.07.
Rocket Lab USA Inc (NASDAQ:RKLB) trade information
Sporting 2.78% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the RKLB stock price touched $28.80 or saw a rise of 5.01%. Year-to-date, Rocket Lab USA Inc shares have moved 13.07%, while the 5-day performance has seen it change -5.88%. Over the past 30 days, the shares of Rocket Lab USA Inc (NASDAQ:RKLB) have changed 16.88%. Short interest in the company has seen 51.81 million shares shorted with days to cover at 2.58.
Wall Street analysts have a consensus price target for the stock at $21.5, which means that the shares’ value could drop -33.95% from the levels at last check today. The projected low price target is $12.0 while the price target rests at a high of $31.0. In that case, then, we find that the latest price level in today’s session is -7.64% off the targeted high while a plunge would see the stock lose 58.33% from the levels at last check today.
Rocket Lab USA Inc (RKLB) estimates and forecasts
The company’s shares have gained 394.00% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 77.57%.
12 analysts offering their estimates for the company have set an average revenue estimate of 130.57M for the current quarter. 8 have an estimated revenue figure of 137.31M for the next ending quarter. Year-ago sales stood 59.99M and 92.77M respectively for this quarter and the next, and analysts expect sales will grow by 117.65% for the current quarter and 77.57% for the next.
RKLB Dividends
Rocket Lab USA Inc is expected to release its next earnings report in March this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Rocket Lab USA Inc (NASDAQ:RKLB)’s Major holders
Insiders own 0.74% of the company shares, while shares held by institutions stand at 49.04% with a share float percentage of 49.41%. Investors are also buoyed by the number of investors in a company, with Rocket Lab USA Inc having a total of 498.0 institutions that hold shares in the company. The top two institutional holders are VK SERVICES, LLC with over 52.03 million shares worth more than $249.73 million. As of 2024-06-30, VK SERVICES, LLC held 10.6179% of shares outstanding.
The other major institutional holder is DEER MANAGEMENT CO. LLC, with the holding of over 40.74 million shares as of 2024-06-30. The firm’s total holdings are worth over $195.55 million and represent 8.3141% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Sep 30, 2024, the former fund manager holds about 2.38% shares in the company for having 11.88 shares of worth $339.74 million while later fund manager owns 9.77 shares of worth $279.3 million as of Nov 30, 2024, which makes it owner of about 1.95% of company’s outstanding stock.
