Rocket Lab USA Inc. [NASDAQ: RKLB] price plunged by -4.22 percent to reach at -$0.67. The company report on December 1, 2021 that Rocket Lab Closes Acquisition Of Space Hardware Company Planetary Systems Corporation.
Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, announced that it has closed the previously-announced transaction to acquire Planetary Systems Corporation (PSC), a Maryland-based spacecraft separation systems company, for $42 million in cash and 1,720,841 shares of the Company’s common stock, plus the potential for an additional 956,023 shares of common stock for a performance earnout based on PSC’s CY 2022 and 2023 financial results. Rocket Lab announced the execution of the agreement to acquire PSC on 15 November, 2021 pending certain closing conditions.
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A trusted leader in separation systems and satellite dispensers across the space industry, PSC’s flight-proven, cost-effective, and lightweight hardware streamlines the process of attaching satellites to rockets and releasing them in space while ensuring they’re protected during the journey to orbit. PSC’s products to date have a 100% mission success heritage across more than 100 missions launched with American launch providers including Rocket Lab, SpaceX, United Launch Alliance, Northrop Grumman, and more; NASA Space Shuttle and International Space Station missions; and international launch vehicles operated by Arianespace, the Indian Space Research Organisation (ISRO), the Japan Aerospace Exploration Agency (JAXA), and others.
A sum of 7929729 shares traded at recent session while its average daily volume was at 4.98M shares. Rocket Lab USA Inc. shares reached a high of $16.97 and dropped to a low of $15.16 until finishing in the latest session at $15.19.
The one-year RKLB stock forecast points to a potential upside of 29.35.
Guru’s Opinion on Rocket Lab USA Inc. [RKLB]:
BofA Securities have made an estimate for Rocket Lab USA Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 30, 2021. While these analysts kept the previous recommendation, Stifel raised their target price to Buy. The new note on the price target was released on September 30, 2021, representing the official price target for Rocket Lab USA Inc. stock. Previously, the target price had yet another raise to $18, while Deutsche Bank analysts kept a Buy rating on RKLB stock.
The Average True Range (ATR) for Rocket Lab USA Inc. is set at 1.06, with the Price to Sales ratio for RKLB stock in the period of the last 12 months amounting to 121.95. The Price to Book ratio for the last quarter was 2.33, with the Price to Cash per share for the same quarter was set at 0.00.
RKLB Stock Performance Analysis:
Rocket Lab USA Inc. [RKLB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.40. With this latest performance, RKLB shares gained by 6.52% in over the last four-week period, additionally plugging by 50.55% over the last 6 months – not to mention a rise of 52.36% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RKLB stock in for the last two-week period is set at 52.19, with the RSI for the last a single of trading hit 50.33, and the three-weeks RSI is set at 52.87 for Rocket Lab USA Inc. [RKLB]. The present Moving Average for the last 50 days of trading for this stock 14.45, while it was recorded at 15.49 for the last single week of trading, and 11.98 for the last 200 days.
Insight into Rocket Lab USA Inc. Fundamentals:
Rocket Lab USA Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.10 and a Current Ratio set at 0.10.
Rocket Lab USA Inc. [RKLB] Insider Position Details
There are presently around $4,056 million, or 85.10% of RKLB stock, in the hands of institutional investors. The top three institutional holders of RKLB stocks are: VK SERVICES, LLC with ownership of 115,004,795, which is approximately New of the company’s market cap and around 42.36% of the total institutional ownership; DEER VIII & CO. LTD., holding 81,450,954 shares of the stock with an approximate value of $1.24 billion in RKLB stocks shares; and STEPSTONE GROUP LP, currently with $264.86 million in RKLB stock with ownership of nearly New of the company’s market capitalization.
Positions in Rocket Lab USA Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 73 institutional holders increased their position in Rocket Lab USA Inc. [NASDAQ:RKLB] by around 262,916,284 shares. Additionally, 26 investors decreased positions by around 4,124,159 shares, while 8 investors held positions by with 20,529 shares. The mentioned changes placed institutional holdings at 267,019,914 shares, according to the latest SEC report filing. RKLB stock had 56 new institutional investments in for a total of 255,292,593 shares, while 18 institutional investors sold positions of 3,452,111 shares during the same period.