In the last trading session, 13.71 million shares of the Rocket Lab USA Inc (NASDAQ:RKLB) were traded, and its beta was 2.07. Most recently the company’s share price was $20.21, and it changed around $1.27 or 6.71% from the last close, which brings the market valuation of the company to $9.17B. RKLB currently trades at a discount to its 52-week high of $33.34, offering almost -64.97% off that amount. The share price’s 52-week low was $3.47, which indicates that the current value has risen by an impressive 82.83% since then. We note from Rocket Lab USA Inc’s average daily trading volume that its 10-day average is 13.36 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 (NASDAQ:RKLB) trade information
Instantly RKLB has showed a green trend with a performance of 6.71% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 20.45 on recent trading dayincreased the stock’s daily price by 1.17%. The company’s shares are currently down -20.65% year-to-date, but still up 5.81% over the last five days. On the other hand, Rocket Lab USA Inc (NASDAQ:RKLB) is -14.18% 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 6.0% 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 (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 $237.59 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 $193.0 million, which represents about 2.11% of the total shares outstanding.
