Currently, Rocket Lab USA Inc [RKLB] is trading at $7.46, up 8.75%. 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 28.40% over the last week, with a monthly amount glided 44.02%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Morgan Stanley downgraded its rating to Equal-Weight on July 15, 2024, and dropped its price target to $6. On June 26, 2024, BTIG Research initiated with a Neutral rating. Goldman started tracking the stock assigning a Neutral rating and suggested a price target of $4.50 on June 11, 2024. KeyBanc Capital Markets started tracking with a Overweight rating for this stock on January 17, 2024, and assigned it a price target of $8. In a note dated October 26, 2023, Cantor Fitzgerald initiated an Overweight rating and provided a target price of $6 on this stock.
This stock has fluctuated between a low of $3.47 and a high of $7.36 over the last 52 weeks. 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 $7.46 at the most recent close of the market. An investor can expect a potential drop of -2.01% based on the average RKLB price forecast.
Analyzing the RKLB fundamentals
Trailing Twelve Months sales for Rocket Lab USA Inc [NASDAQ:RKLB] were 326.67M which represents 71.25% growth. 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 7.09 points at the first support level, and at 6.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.65, and for the 2nd resistance point, it is at 7.84.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Rocket Lab USA Inc [NASDAQ:RKLB] is 2.82. As well, the Quick Ratio is 2.43, while the Cash Ratio is 1.28. Considering the valuation of this stock, the price to sales ratio is 11.34, the price to book ratio is 8.14.
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.
