In the last trading session, 19.87 million Rocket Lab USA Inc (NASDAQ:RKLB) shares changed hands as the company’s beta touched 1.94. With the company’s per share price at $17.18 changed hands at -$0.34 or -1.94% during last session, the market valuation stood at $7.79B. RKLB’s last price was a discount, traded about -94.06% 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 79.8% up since then. When we look at Rocket Lab USA Inc’s average trading volume, we note the 10-day average is 17.77 million shares, with the 3-month average coming to 18.83 million.
Analysts gave the Rocket Lab USA Inc (RKLB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.71. 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’s EPS for the current quarter is expected to be -0.09.
Rocket Lab USA Inc (NASDAQ:RKLB) trade information
Instantly RKLB was in red as seen at the end of in last trading. With action -5.34%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -32.55%, with the 5-day performance at -5.34% in the red. However, in the 30-day time frame, Rocket Lab USA Inc (NASDAQ:RKLB) is 0.35% up. Looking at the short shares, we see there were 56.32 million shares sold at short interest cover period of 2.79 days.
The consensus price target for the stock as assigned by Wall Street analysts is 21.5, meaning bulls need an upside of 20.09% from its current 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 -80.44% plunge from its current level, while the stock would need to tank 30.15% for it to hit the projected low.
Rocket Lab USA Inc (RKLB) estimates and forecasts
Year-over-year growth is forecast to reach 32.91% up from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 120.74M. 10 analysts are of the opinion that Rocket Lab USA Inc’s revenue for the current quarter will be 137.59M. The company’s revenue for the corresponding quarters a year ago was 92.77M and 106.25M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 30.15%. The estimates for the next quarter sales put growth at 29.50%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 14.01%. The 2025 estimates are for Rocket Lab USA Inc earnings to increase by 19.91%.
RKLB Dividends
Rocket Lab USA Inc is expected to release its next quarterly earnings report on 2025-Feb-26.
Rocket Lab USA Inc (NASDAQ:RKLB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.77% of Rocket Lab USA Inc shares while 57.53% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 57.98%. There are 57.53% institutions holding the Rocket Lab USA Inc stock share, with VK SERVICES, LLC the top institutional holder. As of 2024-06-30, the company held 10.5278% of the shares, roughly 52.03 million RKLB shares worth $249.73 million.
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 Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund . With 11.76 shares estimated at $201.97 million under it, the former controlled 2.59% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund held about 2.11% of the shares, roughly 9.55 shares worth around $164.07 million.
