Rocket Lab USA Inc [RKLB] stock prices are up 1.84% to $4.97 at the moment. 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 3.54% over the last week, with a monthly amount glided 11.94%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Goldman started tracking the stock with Neutral rating on June 11, 2024, and set its price target to $4.50. KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and suggested a price target of $8 on January 17, 2024. Cantor Fitzgerald initiated its recommendation with a Overweight and recommended $6 as its price target on October 26, 2023. Citigroup started tracking with a Neutral rating for this stock on April 18, 2023, and assigned it a price target of $4.55. In a note dated October 12, 2022, Credit Suisse initiated an Underperform rating and provided a target price of $3 on this stock.
The stock price of Rocket Lab USA Inc [RKLB] has been fluctuating between $3.47 and $8.05 over the past year. Currently, Wall Street analysts expect the stock to reach $7.81 within the next 12 months. Rocket Lab USA Inc [NASDAQ: RKLB] shares were valued at $4.97 at the most recent close of the market. An investor can expect a potential return of 57.14% based on the average RKLB price forecast.
Analyzing the RKLB fundamentals
The Rocket Lab USA Inc [NASDAQ:RKLB] reported sales of 282.46M for trailing twelve months, representing a surge of 68.99%. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at -0.62%, Pretax Profit Margin comes in at -0.63%, and Net Profit Margin reading is -0.64%. To continue investigating profitability, this company’s Return on Assets is posted at -0.15, Equity is -0.32 and Total Capital is -0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.85.
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 4.89 points at the first support level, and at 4.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.09, and for the 2nd resistance point, it is at 5.20.
Ratios To Look Out For
It’s worth pointing out that Rocket Lab USA Inc [NASDAQ:RKLB]’s Current Ratio is 3.12. Further, the Quick Ratio stands at 2.69, while the Cash Ratio is 1.57. Considering the valuation of this stock, the price to sales ratio is 8.67, the price to book ratio is 5.11.
Transactions by insiders
Recent insider trading involved Spice Adam C., Chief Financial Officer, that happened on May 24 ’24 when 63529.0 shares were sold. General Counsel, Kampani Arjun completed a deal on May 24 ’24 to sell 29026.0 shares. Meanwhile, Chief Financial Officer Spice Adam C. sold 67160.0 shares on Mar 05 ’24.
