As of Friday close, Rocket Lab USA Inc.’s (NASDAQ:RKLB) stock traded at $4.48. The average number of shares traded per day over the past five days has been 7,148,180 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.64 fall in that time frame. In the last twenty days, the average volume was 5,109,310, while in the previous 50 days, it was 4,892,438.
Since last month, RKLB stock retreated -24.45%. Shares of the company fell to $4.17 on 09/19/23, the lowest level in the past month. A 52-week high of $8.05 was reached on 07/19/23 after having rallying from a 52-week low of $3.48. Since the beginning of this year, RKLB’s stock price has risen by 18.83% or $0.71, and marked a new high 19 times. However, the stock has declined by -44.35% since its 52-week high.
RKLB stock investors should be aware that Rocket Lab USA Inc. (RKLB) stock had its last reported insider trading activity 12 days ago on Sep 11. Beck Peter, the President, CEO and Chairman of the company, disposed of 3,600,000 shares for $5.62 on Sep 11. It resulted in a $20,232,000 divestment by the insider. GRIFFIN MICHAEL D sold 38,090 shares at an average price of $6.34 on Aug 30. The insider now owns 0 shares following the transaction. On Aug 25, Chief Financial Officer Spice Adam C. sold 61,377 shares at $5.74 apiece. The transaction was valued at $352,525.
Valuation Metrics
The stock’s beta is 1.21. Besides these, the trailing price-to-sales (P/S) ratio of 9.60, the price-to-book (PB) ratio of 3.53.
Financial Health
In the three months ended June 29, Rocket Lab USA Inc.’s quick ratio stood at 1.50, while its current ratio was 1.80, 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 0.03, and the total debt-to-equity ratio was 0.20. On the profitability front, the trailing twelve-month gross margin is 13.50% percent. In the year ended June 29, EBITDA margin amounted to -51.48%, whereas operating margins totaled -69.20%. Based on annual data, RKLB earned $18.99 million in gross profit and brought in $211.0 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 -17.40%. Return on equity (ROE) for the past 12 months was -25.00%.
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 9.94% to $54.9 million during the quarter, while net income inched up to $61.59 million. While analysts expected Rocket Lab USA Inc. to report -$0.09 quarterly earnings, the actual figure was -$0.1 per share, beating the consensus estimate by -11.10%. During the quarter, the company generated -$37.69 million in EBITDA. The liabilities of Rocket Lab USA Inc. were 370.45 million at the end of its most recent quarter ended June 29, and its total debt was $162.94 million. The value of shareholders’ equity is $483.33 million.
Technical Picture
This quick technical analysis looks at Rocket Lab USA Inc.’s (RKLB) price momentum. With a historical volatility rate of 50.43%, the RSI 9-day stood at 18.76% on 22 September.
With respect to its five-day moving average, the current Rocket Lab USA Inc. price is down by -12.50% percent or -$0.64. At present, RKLB shares trade -20.71% below its 20-day simple moving average and +15.46% percent above its 100-day simple moving average. However, the stock is currently trading approximately -32.53% below its SMA50 and +7.95% above its SMA200.
Stochastic coefficient K was 11.96% and Stochastic coefficient D was 12.33%, while ATR was 0.34. Given the Stochastic reading of 12.78% for the 14-day period, the RSI (14) reading has been calculated as 25.68%. As of today, the MACD Oscillator reading stands at -0.44, while the 14-day reading stands at -0.94.
Analyst Ratings
Citigroup launched its rating on Rocket Lab USA Inc. (NASDAQ: RKLB) to a Neutral in a note to investors on April 18, 2023. Rocket Lab USA Inc. (RKLB) has been rated Overweight by analysts. According to 0 brokerage firms, RKLB is a sell, and 2 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 6 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $5.00 – $14.00. Based on these forecasts, analysts predict Rocket Lab USA Inc. (RKLB) will achieve an average price target of $9.41.
