In the last trading session, 14.38 million shares of the Rocket Lab Corp (NASDAQ:RKLB) were traded, and its beta was 2.08. Most recently the company’s share price was $26.42, and it changed around -$0.13 or -0.49% from the last close, which brings the market valuation of the company to $12.19B. RKLB currently trades at a discount to its 52-week high of $33.34, offering almost -26.19% off that amount. The share price’s 52-week low was $4.20, which indicates that the current value has risen by an impressive 84.1% since then. We note from Rocket Lab Corp’s average daily trading volume that its 10-day average is 24.27 million shares, with the 3-month average coming to 17.53 million.
Rocket Lab Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.60. If we narrow it down even further, the data shows that 0 out of 15 analysts rate the stock as a Sell; another 3 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 Corp (NASDAQ:RKLB) trade information
Instantly RKLB has showed a red trend with a performance of -0.49% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 28.04 on recent trading dayincreased the stock’s daily price by 5.78%. The company’s shares are currently up 3.73% year-to-date, but still down -2.76% over the last five days. On the other hand, Rocket Lab Corp (NASDAQ:RKLB) is 3.32% up in the 30-day period. We can see from the shorts that 57.42 million shares have been sold at a short interest cover period of 3.26 day(s).
The consensus price target as assigned by Wall Street analysts is $31, which translates to bulls needing to increase their stock price by 14.77% from its current value. Analyst projections state that RKLB is forecast to be at a low of $31 and a high of $31.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 14.01%.
RKLB Dividends
Rocket Lab Corp’s next quarterly earnings report is expected to be released on 2025-May-07.
Rocket Lab Corp (NASDAQ:RKLB)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.71% of Rocket Lab Corp shares, and 54.05% of them are in the hands of institutional investors. The stock currently has a share float of 54.44%. Rocket Lab Corp stock is held by 544.0 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.
