Rocket Lab USA Inc [RKLB] stock prices are down -0.11% to $4.59 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RKLB shares have gain 3.27% over the last week, with a monthly amount drifted -7.93%, and not seem to be holding up well over a long-time horizon.
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On 27, February 2024, Rocket Lab Unveils Spacecraft Bus Lineup. In a post published today on Yahoo Finance, Updated family of advanced spacecraft delivers speed, affordability, performance, and configurability for a range of mission profiles and customers.
From an analyst’s perspective:
Previously, KeyBanc Capital Markets started tracking the stock with Overweight rating on January 17, 2024, and set its price target to $8. On October 26, 2023, Cantor Fitzgerald initiated with a Overweight rating and assigned a price target of $6 on the stock. Citigroup started tracking the stock assigning a Neutral rating and suggested a price target of $4.55 on April 18, 2023. Credit Suisse initiated its recommendation with a Underperform and recommended $3 as its price target on October 12, 2022. Cowen upgraded its rating to Outperform for this stock on August 31, 2022, and upped its price target to $8. In a note dated June 21, 2022, Wells Fargo initiated an Equal Weight rating and provided a target price of $5 on this stock.
The stock price of Rocket Lab USA Inc [RKLB] has been fluctuating between $3.62 and $8.05 over the past year. Currently, Wall Street analysts expect the stock to reach $8.43 within the next 12 months. Rocket Lab USA Inc [NASDAQ: RKLB] shares were valued at $4.59 at the most recent close of the market. An investor can expect a potential return of 83.66% based on the average RKLB price forecast.
Analyzing the RKLB fundamentals
The Rocket Lab USA Inc [NASDAQ:RKLB] reported sales of 244.59M for trailing twelve months, representing a surge of 15.90%. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at -0.73%, Pretax Profit Margin comes in at -0.73%, and Net Profit Margin reading is -0.75%. To continue investigating profitability, this company’s Return on Assets is posted at -0.19, Equity is -0.31 and Total Capital is -0.25. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.19.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.45 points at the first support level, and at 4.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.77, and for the 2nd resistance point, it is at 4.95.
Rocket Lab USA Inc [RKLB] reported earnings per share of -$0.08 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.09/share, meaning a difference of $0.01 and a surprise factor of 11.10%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.1 per share as compared to estimates of -$0.09 per share, a difference of -$0.01 representing a surprise of -11.10%.
Ratios To Look Out For
It’s worth pointing out that Rocket Lab USA Inc [NASDAQ:RKLB]’s Current Ratio is 2.13. As well, the Quick Ratio is 1.65, while the Cash Ratio is 0.73. Considering the valuation of this stock, the price to sales ratio is 9.11, the price to book ratio is 4.04.
Transactions by insiders
Recent insider trading involved Spice Adam C., Chief Financial Officer, that happened on Nov 29 when 57721.0 shares were sold. General Counsel, Kampani Arjun completed a deal on Nov 29 to sell 19443.0 shares. Meanwhile, President, CEO and Chairman Beck Peter sold 3.6 million shares on Sep 11.
