Rocket Lab USA Inc [RKLB] stock is trading at $6.34, up 4.62%. An important factor to consider is whether the stock is rising or falling in short-term value. The RKLB shares have gain 3.59% over the last week, with a monthly amount glided 36.05%, 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.
Rocket Lab USA Inc [RKLB] stock has fluctuated between $3.47 and $7.36 over the past year. 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 $6.34 at the most recent close of the market. An investor can expect a potential return of 15.3% based on the average RKLB price forecast.
Analyzing the RKLB fundamentals
Rocket Lab USA Inc [NASDAQ:RKLB] reported sales of 326.67M for the trailing twelve months, which represents a growth of 71.25%. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at -0.53%, Pretax Profit Margin comes in at -0.54%, and Net Profit Margin reading is -0.54%. To continue investigating profitability, this company’s Return on Assets is posted at -0.15, Equity is -0.34 and Total Capital is -0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.89.
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 6.08 points at the first support level, and at 5.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.53, and for the 2nd resistance point, it is at 6.73.
Ratios To Look Out For
For context, Rocket Lab USA Inc’s Current Ratio is 2.82. On the other hand, the Quick Ratio is 2.43, and the Cash Ratio is 1.28. Considering the valuation of this stock, the price to sales ratio is 9.64, the price to book ratio is 6.92.
Transactions by insiders
Recent insider trading involved GRIFFIN MICHAEL D, Director, that happened on Aug 22 ’24 when 39446.0 shares were sold. Chief Financial Officer, Spice Adam C. completed a deal on Aug 22 ’24 to sell 62512.0 shares. Meanwhile, General Counsel Kampani Arjun sold 28563.0 shares on Aug 22 ’24.
