Rocket Lab USA Inc [RKLB] stock prices are up 6.06% to $25.90 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 11.45% over the last week, with a monthly amount glided 49.19%, 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.
The stock price of Rocket Lab USA Inc [RKLB] has been fluctuating between $3.47 and $28.10 over the past year. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. Rocket Lab USA Inc [NASDAQ: RKLB] shares were valued at $25.90 at the most recent close of the market. An investor can expect a potential drop of -65.25% based on the average RKLB price forecast.
Analyzing the RKLB fundamentals
The Rocket Lab USA Inc [NASDAQ:RKLB] reported sales of 363.82M for trailing twelve months, representing a surge of 54.90%. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at -0.51%, Pretax Profit Margin comes in at -0.51%, and Net Profit Margin reading is -0.52%. To continue investigating profitability, this company’s Return on Assets is posted at -0.16, Equity is -0.39 and Total Capital is -0.21. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.01.
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 24.18 points at the first support level, and at 22.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.78, and for the 2nd resistance point, it is at 27.67.
Ratios To Look Out For
It’s worth pointing out that Rocket Lab USA Inc [NASDAQ:RKLB]’s Current Ratio is 2.58. Further, the Quick Ratio stands at 2.16, while the Cash Ratio is 1.09. Considering the valuation of this stock, the price to sales ratio is 38.49, the price to book ratio is 30.83.
Transactions by insiders
Recent insider trading involved NINA ARMAGNO, Director, that happened on Dec 11 ’24 when 10000.0 shares were purchased. Director, Slusky Alexander R completed a deal on Dec 02 ’24 to sell 50000.0 shares. Meanwhile, Director Slusky Alexander R sold 50000.0 shares on Dec 03 ’24.
