As of Wednesday close, Rocket Lab USA Inc.’s (NASDAQ:RKLB) stock was up $0.04, moving up 0.92 percent to $4.40. The average number of shares traded per day over the past five days has been 3,118,440 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.28 fall in that time frame. In the last twenty days, the average volume was 3,267,285, while in the previous 50 days, it was 3,669,574.
Since last month, RKLB stock retreated -4.97%. Shares of the company fell to $4.08 on 10/24/22, the lowest level in the past month. A 52-week high of $16.97 was reached on 01/03/22 after having rallying from a 52-week low of $3.53. Since the beginning of this year, RKLB’s stock price has dropped by -64.17% or -$7.88, and marked a new high 1 time. However, the stock has declined by -74.07% since its 52-week high.
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RKLB stock investors should be aware that Rocket Lab USA Inc. (RKLB) stock had its last reported insider trading activity 73 days ago on Sep 13. O’Donnell Shaun, the EVP – Global Operations of the company, disposed of 200,000 shares for $5.63 on Sep 13. It resulted in a $1,126,000 divestment by the insider. GRIFFIN MICHAEL D sold 456,190 shares at an average price of $5.62 on Sep 09. The insider now owns 0 shares following the transaction. On Aug 24, Chief Financial Officer Spice Adam C. sold 41,508 shares at $5.25 apiece. The transaction was valued at $217,917.
In the three months ended June 29, Rocket Lab USA Inc.’s quick ratio stood at 4.30, while its current ratio was 4.90, 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 June 29 was 0.16, and the total debt-to-equity ratio was 0.16. On the profitability front, the trailing twelve-month gross margin is 2.30% 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 -21.10%.
In Rocket Lab USA Inc.’s quarter-end financial report for June 29, it reported total debt of $99.34 million against cash and short-term investments of $169.43 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 91.61% to $55.47 million during the quarter, while net income inched up to $63.06 million. While analysts expected Rocket Lab USA Inc. to report -$0.06 quarterly earnings, the actual figure was -$0.08 per share, beating the consensus estimate by -33.30%. During the quarter, the company generated -$23.43 million in EBITDA. The liabilities of Rocket Lab USA Inc. were 310.53 million at the end of its most recent quarter ended June 29, and its total debt was $147.63 million. The value of shareholders’ equity is $473.26 million.
This quick technical analysis looks at Rocket Lab USA Inc.’s (RKLB) price momentum. With a historical volatility rate of 81.26%, the RSI 9-day stood at 39.47% on 23 November.
With respect to its five-day moving average, the current Rocket Lab USA Inc. price is down by -6.08% percent or -$0.28. At present, RKLB shares trade -6.18% below its 20-day simple moving average and +10.83% percent above its 100-day simple moving average. However, the stock is currently trading approximately -22.94% below its SMA50 and -56.04% below its SMA200.
Stochastic coefficient K was 8.37% and Stochastic coefficient D was 9.50%, while ATR was 0.35. Given the Stochastic reading of 12.82% for the 14-day period, the RSI (14) reading has been calculated as 43.16%. As of today, the MACD Oscillator reading stands at -0.41, while the 14-day reading stands at -0.52.
Credit Suisse launched its rating on Rocket Lab USA Inc. (NASDAQ: RKLB) to an Underperform in a note to investors on October 12, 2022. Rocket Lab USA Inc. (RKLB) has been rated Overweight by analysts. According to 1 brokerage firm, 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 1 analyst rate Rocket Lab USA Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $3.00 – $15.00. Based on these forecasts, analysts predict Rocket Lab USA Inc. (RKLB) will achieve an average price target of $9.97.