At the time of writing, Rocket Lab USA Inc [RKLB] stock is trading at $5.37, up 12.58%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RKLB shares have gain 11.64% over the last week, with a monthly amount glided 0.75%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Rocket Lab USA Inc [NASDAQ: RKLB] stock has seen the most recent analyst activity on July 15, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight and also revised its price target to $6 from $8. On June 11, 2024, Goldman initiated with a Neutral rating and assigned a price target of $4.50 on the stock. KeyBanc Capital Markets initiated its recommendation with a Overweight and recommended $8 as its price target on January 17, 2024. Cantor Fitzgerald started tracking with a Overweight rating for this stock on October 26, 2023, and assigned it a price target of $6. In a note dated April 18, 2023, Citigroup initiated an Neutral rating and provided a target price of $4.55 on this stock.
For the past year, the stock price of Rocket Lab USA Inc fluctuated between $3.47 and $7.49. Currently, Wall Street analysts expect the stock to reach $7.31 within the next 12 months. Rocket Lab USA Inc [NASDAQ: RKLB] shares were valued at $5.37 at the most recent close of the market. An investor can expect a potential return of 36.13% based on the average RKLB price forecast.
Analyzing the RKLB fundamentals
According to Rocket Lab USA Inc [NASDAQ:RKLB], the company’s sales were 326.67M for trailing twelve months, which represents an 71.25% jump. 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 5.18 points at the first support level, and at 5.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.57, and for the 2nd resistance point, it is at 5.78.
Ratios To Look Out For
It is important to note that Rocket Lab USA Inc [NASDAQ:RKLB] has a current ratio of 2.82. Also, the Quick Ratio is 2.43, while the Cash Ratio stands at 1.57. Considering the valuation of this stock, the price to sales ratio is 8.16, the price to book ratio is 5.86.
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.
