Rocket Lab USA Inc (NASDAQ:RKLB) finished Friday with an addition of $0.04 to close at $4.38, an upside of 0.92 percent. An average of 3,709,080 shares of common stock have been traded in the last five days. There was a fall of -$0.10 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 5,336,425 shares traded, while the 50-day average volume stands at 4,461,788.
RKLB stock has decreased by -31.35% in the last month. The company shares reached their 1-month lowest point of $4.17 on 09/19/23. With the stock rallying to its 52-week high on 07/19/23, shares of the company touched a low of $3.48 and a high of $8.05 in 52 weeks. It has reached a new high 19 times so far this year and achieved 16.18% or $0.61 in price. In spite of this, the price is down -45.59% from the 52-week high.
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Insider Transactions
RKLB stock investors should be aware that Rocket Lab USA Inc (RKLB) stock had its last reported insider trading activity 19 days ago on Sep 11. In this transaction, the insider spent $20,232,000. Director, GRIFFIN MICHAEL D, disposed of 38,090 shares at a price of $6.34 on Aug 30. The insider now owns more than $241,612 worth of shares. Prior to that, Chief Financial Officer Spice Adam C. went on to Sale 61,377 shares at $5.74 each on Aug 25. An amount of $352,525 was transacted.
Valuation Metrics
Rocket Lab USA Inc (RKLB) stock’s beta is 1.23. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 9.13, the price-to-book (PB) ratio at 3.46.
Financial Health
The quick ratio of Rocket Lab USA Inc for the three months ended June 29 was 1.50, and the current ratio was 1.83, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.10 and a total debt to equity ratio of 0.27 for the quarter ending June 29. Its gross profit as reported stood at $18.99 million compared to revenue of $211.0 million.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$45.89 million in the quarter, while revenues of -$45.62 million were grew 18.46%. The analyst consensus anticipated Rocket Lab USA Inc’s latest quarter earnings to come in at -$0.09 per share, but it turned out to be -$0.1, a -11.10% surprise. For the quarter, EBITDA amounted to -$37.69 million. Shareholders own equity worth $483.33 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Rocket Lab USA Inc (RKLB) price momentum. RSI 9-day as of the close on 29 September was 25.19%, suggesting the stock is oversold, with historical volatility in this time frame at 45.35%.
As of today, RKLB’s price is $4.32 -2.23% or -$0.10 from its 5-day moving average. RKLB is currently trading -30.59% lower than its 20-day SMA and +13.77% higher than its 100-day SMA. However, the stock’s current price level is -43.92% below the SMA50 and +5.54% above the SMA200.
The stochastic %K and %D were 8.80% and 6.67%, respectively, and the average true range (ATR) was 0.28. With the 14-day stochastic at 12.65% and the average true range at 0.30, the RSI (14) stands at 28.14%. The stock has reached -0.07 on the 9-day MACD Oscillator while the 14-day reading was at -0.36.
Analyst Ratings
Citigroup launched coverage on Rocket Lab USA Inc (NASDAQ: RKLB) in its analyst report released on April 18, 2023. The firm assigned the stock a Neutral rating. The consensus rating for Rocket Lab USA Inc (RKLB) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell RKLB, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 6 others rate it as a “buy”.
What is RKLB’s price target for the next 12 months?
Analysts predict a range of price targets between $5.00 and $14.00, with a median target of $10.00. Taking a look at these predictions, the average price target given by analysts for Rocket Lab USA Inc (RKLB) stock is $9.09.
