Rocket Lab USA Inc. [RKLB] gain 37.14% so far this year. What now?

Rocket Lab USA Inc. [NASDAQ: RKLB] closed the trading session at $5.17 on 01/18/23. The day’s price range saw the stock hit a low of $5.085, while the highest price level was $5.68. The company report on January 17, 2023 that Rocket Lab Announces Date of Fourth Quarter 2022 Financial Results.


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Rocket Lab USA, Inc. (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced that it will release its financial results for the fourth quarter 2022 following the close of the U.S. markets on Tuesday, February 28, 2023. Rocket Lab will host a corresponding conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

A live webcast and replay of the conference call will be available on the Company’s Investor Relations website at www.rocketlabusa.com/investors.

The stocks have a year to date performance of 37.14 percent and weekly performance of 18.04 percent. The stock has been moved at 26.41 percent over the last six months. The stock has performed 28.29 percent around the most recent 30 days and changed 22.51 percent over the most recent 3-months.

If compared to the average trading volume of 3.26M shares, RKLB reached to a volume of 6079549 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Rocket Lab USA Inc. [RKLB]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RKLB shares is $9.86 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RKLB stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Credit Suisse have made an estimate for Rocket Lab USA Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on October 12, 2022. While these analysts kept the previous recommendation, Cowen raised their target price from $6.50 to $8. The new note on the price target was released on August 31, 2022, representing the official price target for Rocket Lab USA Inc. stock. Previously, the target price had yet another raise to $5, while Wells Fargo analysts kept a Equal Weight rating on RKLB stock.

The Average True Range (ATR) for Rocket Lab USA Inc. is set at 0.30, with the Price to Sales ratio for RKLB stock in the period of the last 12 months amounting to 12.74. The Price to Book ratio for the last quarter was 3.52, with the Price to Cash per share for the same quarter was set at 1.09.

RKLB stock trade performance evaluation

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 18.04. With this latest performance, RKLB shares gained by 28.29% in over the last four-week period, additionally plugging by 26.41% over the last 6 months – not to mention a drop of -50.38% 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 69.32, with the RSI for the last a single of trading hit 73.42, and the three-weeks RSI is set at 64.38 for Rocket Lab USA Inc. [RKLB]. The present Moving Average for the last 50 days of trading for this stock 4.34, while it was recorded at 4.99 for the last single week of trading, and 5.03 for the last 200 days.

Rocket Lab USA Inc. [RKLB]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Rocket Lab USA Inc. [RKLB] shares currently have an operating margin of -165.61 and a Gross Margin at -12.17. Rocket Lab USA Inc.’s Net Margin is presently recorded at -188.51.

Return on Equity for this stock declined to -23.85, with Return on Assets sitting at -18.02.

Rocket Lab USA Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.80 and a Current Ratio set at 4.30.

Rocket Lab USA Inc. [RKLB]: Insider Ownership positions

There are presently around $1,397 million, or 60.50% of RKLB stock, in the hands of institutional investors. The top three institutional holders of RKLB stocks are: VK SERVICES, LLC with ownership of 74,753,119, which is approximately 0% of the company’s market cap and around 0.90% of the total institutional ownership; DEER MANAGEMENT CO. LLC, holding 65,165,990 shares of the stock with an approximate value of $336.91 million in RKLB stocks shares; and VANGUARD GROUP INC, currently with $111.3 million in RKLB stock with ownership of nearly 6.838% of the company’s market capitalization.

Positions in Rocket Lab USA Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 111 institutional holders increased their position in Rocket Lab USA Inc. [NASDAQ:RKLB] by around 15,948,299 shares. Additionally, 61 investors decreased positions by around 24,276,711 shares, while 36 investors held positions by with 229,898,390 shares. The mentioned changes placed institutional holdings at 270,123,400 shares, according to the latest SEC report filing. RKLB stock had 38 new institutional investments in for a total of 2,107,352 shares, while 21 institutional investors sold positions of 9,321,578 shares during the same period.

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