A share price of Rocket Lab USA Inc [RKLB] is currently trading at $4.14, up 1.97%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RKLB shares have gain 2.73% over the last week, with a monthly amount drifted -12.10%, and not seem to be holding up well over a long-time horizon.
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On 21, March 2024, Rocket Lab Successfully Launches Fifth National Security Mission for NRO. In a post published today on Yahoo Finance, The mission was Rocket Lab’s first launch for the National Reconnaissance Office from U.S. soil following four previous successful launches for the agency from New Zealand.
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.
Rocket Lab USA Inc experienced fluctuations in its stock price throughout the past year between $3.62 and $8.05. 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 $4.14 at the most recent close of the market. An investor can expect a potential return of 103.62% based on the average RKLB price forecast.
Analyzing the RKLB fundamentals
Trailing Twelve Months sales for Rocket Lab USA Inc [NASDAQ:RKLB] were 244.59M which represents 15.90% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.19.
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 4.08 points at the first support level, and at 4.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.18, and for the 2nd resistance point, it is at 4.21.
Rocket Lab USA Inc [RKLB] reported earnings per share of -$0.1 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.1/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.08 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
To put it in perspective, the Current Ratio for Rocket Lab USA Inc [NASDAQ:RKLB] is 2.13. Further, the Quick Ratio stands at 1.65, while the Cash Ratio is 0.73. Considering the valuation of this stock, the price to sales ratio is 8.28, the price to book ratio is 3.65.
Transactions by insiders
Recent insider trading involved Spice Adam C., Chief Financial Officer, that happened on Mar 05 ’24 when 67160.0 shares were sold. General Counsel, Kampani Arjun completed a deal on Mar 05 ’24 to sell 31394.0 shares. Meanwhile, Chief Financial Officer Spice Adam C. sold 57721.0 shares on Nov 29 ’23.
