Rocket Lab USA Inc [NASDAQ: RKLB] loss -5.36% or -0.2 points to close at $3.53 with a heavy trading volume of 15914740 shares.
The daily chart for RKLB points out that the company has recorded -20.14% loss over the past six months.
If we look at the average trading volume of 8.92M shares, RKLB reached to a volume of 15914740 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $7.92 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 1.27. 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.
Citigroup have made an estimate for Rocket Lab USA Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 12, 2024. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Overweight. The new note on the price target was released on January 17, 2024, representing the official price target for Rocket Lab USA Inc stock. Previously, the target price had yet another raise to $6, while Cantor Fitzgerald analysts kept a Overweight rating on RKLB stock.
The Average True Range (ATR) for Rocket Lab USA Inc is set at 0.19, with the Price to Sales ratio for RKLB stock in the period of the last 12 months amounting to 7.06. The Price to Book ratio for the last quarter was 3.11, with the Price to Cash per share for the same quarter was set at 0.50.
Trading performance analysis for RKLB stock
Rocket Lab USA Inc [RKLB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.37. With this latest performance, RKLB shares dropped by -15.35% in over the last four-week period, additionally sinking by -20.14% over the last 6 months – not to mention a drop of -14.11% 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 29.95, with the RSI for the last a single of trading hit 25.99, and the three-weeks RSI is set at 33.82 for Rocket Lab USA Inc [RKLB]. The present Moving Average for the last 50 days of trading for this stock 4.24, while it was recorded at 3.74 for the last single week of trading, and 5.02 for the last 200 days.
Rocket Lab USA Inc [RKLB]: A deeper dive into fundamental analysis
Rocket Lab USA Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.65 and a Current Ratio set at 2.13.
An analysis of Institutional ownership at Rocket Lab USA Inc [RKLB]
The top three institutional holders of RKLB stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in RKLB stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in RKLB stock with ownership which is approximately 5.8386%.
