Research Recommendations For Rocket Lab USA Inc. (RKLB): Here is What You Should Know

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Rocket Lab USA Inc. (NASDAQ:RKLB) saw an upside of 3.11% to close Tuesday at $4.97 after adding $0.15 on the day. The 5-day average trading volume is 4,773,940 shares of the company’s common stock. It has gained $5.68 in the past week and touched a new high 1 time within the past 5 days. An average of 3,614,940 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,641,592.

RKLB’s 1-month performance is 32.89% or $1.20 on its low of $3.48 reached on 12/28/22. The company’s shares have touched a 52-week low of $3.48 and high of $11.11, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, RKLB has achieved 31.83% or $1.20 and has reached a new high 10 times. However, the current price is down -55.27% from the 52-week high price.

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Insider Transactions

RKLB stock investors last saw insider trading activity on Dec 12.GRIFFIN MICHAEL D (Director) most recently sold 50,688 shares at $4.12 per share on Dec 12. This transaction cost the insider $208,835., Kampani Arjun, sold 13,810 shares at a price of $4.22 on Nov 25. Then, on Nov 25, Chief Financial Officer Spice Adam C. sold 45,659 shares at a price of $4.22 per share. This transaction amounted to $192,681.

Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 12.62 while the price-to-book (PB) in the most recent quarter is 3.38.

Rocket Lab USA Inc.’s quick ratio for the period ended September 29 was 3.80, with the current ratio over the same period at 4.30. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.17, while the total debt to equity was 0.17.. In terms of profitability, the gross margin trailing 12 months is 12.80%. The firm’s gross profit as reported stood at -$1.89 million against revenue of $62.24 million.

Earnings Surprise

For the quarterly period ending September 29 this year, Rocket Lab USA Inc.’s cash and short-term investments amounted to $169.43 million against total debt of $149.47 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -154.18% to -$34.61 million, while revenue of -$37.42 million was -8.12% off the previous quarter. Analysts expected RKLB to announce -$0.07 per share in earnings in its latest quarter, but it posted -$0.07, representing a 0.00% surprise. EBITDA for the quarter stood at more than -$23.43 million. RKLB stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 310.53 million, with total debt at $149.47 million. Shareholders hold equity totaling $473.26 million.

Let’s look briefly at Rocket Lab USA Inc. (RKLB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 63.25% to suggest the stock is trending Neutral, with historical volatility in this time period at 79.74%.

The stock’s 5-day moving average is $4.91, reflecting a -9.31% or -$0.51 change from its current price. RKLB is currently trading +33.24% above its 20-day SMA, -3.12% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +4.85% and SMA200 by-38.34%.

Stochastic %K and %D was 57.56% and 59.47% and the average true range (ATR) pointed at 0.32. The RSI (14) points at 61.99%, while the 14-day stochastic is at 60.88% with the period’s ATR at 0.30. The stock’s 9-day MACD Oscillator is pointing at -0.07 and 0.19 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Rocket Lab USA Inc. (NASDAQ: RKLB), Credit Suisse launched coverage with an Underperform rating.

What is RKLB’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $3.00 and a high of $15.00, with their median price target at $10.00. Looking at these predictions, the average price target given by analysts is for Rocket Lab USA Inc. (RKLB) stock is $9.86.

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