In today’s recent session, 4.84 million shares of the Rocket Lab USA Inc (NASDAQ:RKLB) have been traded, and its beta is 2.07. Most recently the company’s share price was $20.10, and it changed around $1.16 or 6.14% from the last close, which brings the market valuation of the company to $9.12B. RKLB at last check was trading at a discount to its 52-week high of $33.34, offering almost -65.87% off that amount. The share price’s 52-week low was $3.47, which indicates that the recent value has risen by an impressive 82.74% since then. We note from Rocket Lab USA Inc’s average daily trading volume that its 10-day average is 14.09 million shares, with the 3-month average coming to 18.80 million.
Rocket Lab USA Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.71. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 5 recommended RKLB as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. Rocket Lab USA Inc is expected to report earnings per share of -0.09 for the current quarter.
Rocket Lab USA Inc (NASDAQ:RKLB) trade information
Instantly RKLB has been showing a green trend so far today with a performance of 6.14% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 20.40 on recent trading dayincreased the stock’s daily price by 1.47%. The company’s shares are currently down -21.07% year-to-date, but still up 5.25% over the last five days. On the other hand, Rocket Lab USA Inc (NASDAQ:RKLB) is -14.64% down in the 30-day period. We can see from the shorts that 56.53 million shares have been sold at a short interest cover period of 2.84 day(s).
The consensus price target as assigned by Wall Street analysts is $21.5, which translates to bulls needing to increase their stock price by 6.51% from its current value. Analyst projections state that RKLB is forecast to be at a low of $12 and a high of $31.
Rocket Lab USA Inc (RKLB) estimates and forecasts
The year-over-year growth rate is expected to be 32.89%, up from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 120.74M in revenue for the current quarter. 10 analysts expect Rocket Lab USA Inc to make 137.59M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 92.77M and 106.25M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 30.15%. Forecasts for the next quarter put sales growth at 29.50%. Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 14.01%.
Rocket Lab USA Inc (NASDAQ:RKLB)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.77% of Rocket Lab USA Inc shares, and 57.56% of them are in the hands of institutional investors. The stock currently has a share float of 58.01%. Rocket Lab USA Inc stock is held by 499.0 institutions, with VK SERVICES, LLC being the largest institutional investor. By 2024-06-30, it held 10.5278% of the shares, which is about 52.03 million shares worth $249.73 million.
DEER MANAGEMENT CO. LLC, with 8.2435% or 40.74 million shares worth $195.55 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Dec 31, 2024. The former held 11.76 shares worth $236.94 million, making up 2.59% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 9.55 shares worth around $192.48 million, which represents about 2.11% of the total shares outstanding.
