In the latest trading session, 7.86 million Rocket Lab USA Inc (NASDAQ:RKLB) shares changed hands as the company’s beta touched 2.03. With the company’s most recent per share price at $22.38 changed hands at -$1.17 or -4.97% at last look, the market valuation stands at $11.19B. RKLB’s current price is a discount, trading about -48.97% 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 84.5% up since then.
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 -20.13%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -12.13%, with the 5-day performance at -20.13% in the red. However, in the 30-day time frame, Rocket Lab USA Inc (NASDAQ:RKLB) is -29.11% down.
The consensus price target for the stock as assigned by Wall Street analysts is 21.5, meaning bulls need a downside of -4.09% 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 -38.52% plunge from its current level, while the stock would need to tank 46.38% for it to hit the projected low.
Rocket Lab USA Inc (NASDAQ:RKLB)’s Major holders
DEER MANAGEMENT CO. LLC holds the second largest percentage of outstanding shares, with 8.2435% 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 $265.2 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 $218.02 million.
