As of Friday close, Rocket Lab USA Inc.’s (NASDAQ:RKLB) stock was up $0.67, moving up 12.91 percent to $5.86. The average number of shares traded per day over the past five days has been 5,102,540 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.66 fall in that time frame. In the last twenty days, the average volume was 3,593,620, while in the previous 50 days, it was 4,867,464.
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Since last month, RKLB stock retreated -30.07%. Shares of the company fell to $4.94 on 05/12/22, the lowest level in the past month. A 52-week high of $21.34 was reached on 01/03/22 after having rallying from a 52-week low of $4.94. Since the beginning of this year, RKLB’s stock price has dropped by -52.28% or -$6.42, and marked a new high 1 time. However, the stock has declined by -72.54% since its 52-week high.
In the three months ended September 29, Rocket Lab USA Inc.’s quick ratio stood at 7.50, while its current ratio was 8.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.14, and the total debt-to-equity ratio was 0.14. On the profitability front, the trailing twelve-month gross margin is -3.00% percent. Based on annual data, RKLB earned -$1.89 million in gross profit and brought in $62.24 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -11.80%. Return on equity (ROE) for the past 12 months was -47.10%.
In Rocket Lab USA Inc.’s quarter-end financial report for September 29, it reported total debt of $97.3 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. RKLB’s revenue rose 100.0% to $5.29 million during the quarter, while net income inched up to -$5.29 million. While analysts expected Rocket Lab USA Inc. to report -$0.12 quarterly earnings, the actual figure was -$0.09 per share, beating the consensus estimate by 25.00%. During the quarter, the company generated -$41.92 million in EBITDA. The liabilities of Rocket Lab USA Inc. were 282.4 million at the end of its most recent quarter ended September 29, and its total debt was $125.34 million. The value of shareholders’ equity is $464.78 million.
This quick technical analysis looks at Rocket Lab USA Inc.’s (RKLB) price momentum. With a historical volatility rate of 101.06%, the RSI 9-day stood at 35.40% on 13 May.
With respect to its five-day moving average, the current Rocket Lab USA Inc. price is down by -10.12% percent or -$0.66. At present, RKLB shares trade -30.40% below its 20-day simple moving average and -50.71% percent below its 100-day simple moving average. However, the stock is currently trading approximately -30.90% below its SMA50 and -43.16% below its SMA200.
Stochastic coefficient K was 14.25% and Stochastic coefficient D was 7.26%, while ATR was 0.56. Given the Stochastic reading of 32.01% for the 14-day period, the RSI (14) reading has been calculated as 34.64%. As of today, the MACD Oscillator reading stands at -0.69, while the 14-day reading stands at -1.15.
ROTH Capital launched its rating on Rocket Lab USA Inc. (NASDAQ: RKLB) to a Buy in a note to investors on February 23, 2022. Rocket Lab USA Inc. (RKLB) has been rated Buy by analysts. According to 0 brokerage firms, RKLB is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Rocket Lab USA Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $19.00, the current consensus forecast for the stock is $11.00 – $28.00. Based on these forecasts, analysts predict Rocket Lab USA Inc. (RKLB) will achieve an average price target of $19.33.