Rocket Lab USA Inc [RKLB] Is Currently 1.13 below its 200 Period Moving Avg: What Does This Mean?

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Rocket Lab USA Inc [NASDAQ: RKLB] surged by $0.04 during the normal trading session on while it closed the day at $3.59.

Rocket Lab USA Inc stock has also gained 1.70% of its value over the past 7 days. However, RKLB stock has declined by -28.91% in the 3 months of the year. Over the past six months meanwhile, it has lost -14.73% and lost -35.08% year-on date.

The market cap for RKLB stock reached $1.76 billion, with 488.92 million shares outstanding and 286.00 million shares in the current float. Compared to the average trading volume of 9.06M shares, RKLB reached a trading volume of 5621993 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 $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 0.17, with the Price to Sales ratio for RKLB stock in the period of the last 12 months amounting to 7.18. The Price to Book ratio for the last quarter was 3.17, with the Price to Cash per share for the same quarter was set at 0.50.

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 1.70. With this latest performance, RKLB shares dropped by -12.22% in over the last four-week period, additionally sinking by -14.73% over the last 6 months – not to mention a drop of -9.11% 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 34.48, with the RSI for the last a single of trading hit 34.07, and the three-weeks RSI is set at 36.49 for Rocket Lab USA Inc [RKLB]. The present Moving Average for the last 50 days of trading for this stock 4.18, while it was recorded at 3.56 for the last single week of trading, and 4.96 for the last 200 days.

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

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.

Rocket Lab USA Inc [RKLB]: Institutional Ownership

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%.

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