Rocket Lab USA Inc [NASDAQ: RKLB] traded at a high on Friday, posting a 3.79 gain after which it closed the day’ session at $23.26.
The results of the trading session contributed to over 28268242 shares changing hands. Over the past one week, the price volatility of Rocket Lab USA Inc stands at 9.62% while the volatility over the past one month is 8.35%.
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The market cap for RKLB stock reached $12.07 billion, with 488.92 million shares outstanding and 356.15 million shares in the current float. Compared to the average trading volume of 17.00M shares, RKLB reached a trading volume of 28268242 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $20.41 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 1.79. 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.
JMP Securities have made an estimate for Rocket Lab USA Inc shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on September 12, 2024. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $8 to $6. The new note on the price target was released on July 15, 2024, representing the official price target for Rocket Lab USA Inc stock.
The Average True Range (ATR) for Rocket Lab USA Inc is set at 1.58, with the Price to Sales ratio for RKLB stock in the period of the last 12 months amounting to 33.17. The Price to Book ratio for the last quarter was 27.68, with the Price to Cash per share for the same quarter was set at 0.85.
How has RKLB stock performed recently?
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 22.42. With this latest performance, RKLB shares gained by 107.86% in over the last four-week period, additionally plugging by 452.49% over the last 6 months – not to mention a rise of 446.01% 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 84.68, with the RSI for the last a single of trading hit 86.45, and the three-weeks RSI is set at 83.11 for Rocket Lab USA Inc [RKLB]. The present Moving Average for the last 50 days of trading for this stock 11.82, while it was recorded at 21.13 for the last single week of trading, and 6.52 for the last 200 days.
Rocket Lab USA Inc [RKLB]: Deeper insight into the fundamentals
Rocket Lab USA Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.16 and a Current Ratio set at 2.58.
Earnings analysis for Rocket Lab USA Inc [RKLB]
With the latest financial reports released by the company, Rocket Lab USA Inc posted -0.08/share EPS, while the average EPS was predicted by analysts to be reported at -0.07/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RKLB.
Insider trade positions for Rocket Lab USA Inc [RKLB]
There are presently around $50.69%, or 56.92%% of RKLB stock, in the hands of institutional investors. The top three institutional holders of RKLB stocks are: VK SERVICES, LLC with ownership of 52.03 million shares, which is approximately 10.6179%. DEER MANAGEMENT CO. LLC, holding 40.74 million shares of the stock with an approximate value of $$195.55 million in RKLB stocks shares; and DEER MANAGEMENT CO. LLC, currently with $$149.96 million in RKLB stock with ownership which is approximately 6.3757%.
