Rocket Lab USA Inc [NASDAQ: RKLB] gained 15.14% or 3.78 points to close at $28.74 with a heavy trading volume of 21999890 shares.
The daily chart for RKLB points out that the company has recorded 488.93% gains over the past six months.
If we look at the average trading volume of 20.17M shares, RKLB reached to a volume of 21999890 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 $23.27 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 2.26, with the Price to Sales ratio for RKLB stock in the period of the last 12 months amounting to 45.47. The Price to Book ratio for the last quarter was 34.21, with the Price to Cash per share for the same quarter was set at 0.77.
Trading performance analysis for RKLB stock
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 1.05. With this latest performance, RKLB shares gained by 24.90% in over the last four-week period, additionally plugging by 488.93% over the last 6 months – not to mention a rise of 463.53% 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 64.00, with the RSI for the last a single of trading hit 64.93, and the three-weeks RSI is set at 64.28 for Rocket Lab USA Inc [RKLB]. The present Moving Average for the last 50 days of trading for this stock 20.34, while it was recorded at 26.54 for the last single week of trading, and 9.28 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 2.16 and a Current Ratio set at 2.58.
An analysis of Institutional ownership at Rocket Lab USA Inc [RKLB]
There are presently around $55.32%, or 62.09%% 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%.
