In the last trading session, 59.48 million Rocket Lab Corp (NASDAQ:RKLB) shares changed hands as the company’s beta touched 2.09. With the company’s per share price at $29.64 changed hands at $0.72 or 2.49% during last session, the market valuation stood at $13.68B. RKLB’s last price was a discount, traded about -12.48% off its 52-week high of $33.34. The share price had its 52-week low at $4.20, which suggests the last value was 85.83% up since then. When we look at Rocket Lab Corp’s average trading volume, we note the 10-day average is 23.85 million shares, with the 3-month average coming to 16.59 million.
Analysts gave the Rocket Lab Corp (RKLB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.69. 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 Corp (NASDAQ:RKLB) trade information
Instantly RKLB was in green as seen at the end of in last trading. With action 11.43%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 16.37%, with the 5-day performance at 11.43% in the green. However, in the 30-day time frame, Rocket Lab Corp (NASDAQ:RKLB) is 28.31% up. Looking at the short shares, we see there were 63.65 million shares sold at short interest cover period of 4.17 days.
The consensus price target for the stock as assigned by Wall Street analysts is 31, meaning bulls need an upside of 4.39% from its current market value. According to analyst projections, RKLB’s forecast low is 31 with 31 as the target high. To hit the forecast high, the stock’s price needs a -4.59% plunge from its current level, while the stock would need to soar -4.59% for it to hit the projected low.
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 Corp earnings to increase by 17.69%.
RKLB Dividends
Rocket Lab Corp is expected to release its next quarterly earnings report on 2025-May-07.
Rocket Lab Corp (NASDAQ:RKLB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.71% of Rocket Lab Corp shares while 54.01% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 54.40%. There are 54.01% institutions holding the Rocket Lab Corp 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 $348.44 million under it, the former controlled 2.55% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund held about 2.07% of the shares, roughly 9.55 shares worth around $283.06 million.
