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Rocket Lab USA Inc. (NASDAQ: RKLB) Offers Great Upside

Rocket Lab USA Inc. (NASDAQ:RKLB) shares, rose in value on Friday, May 13, with the stock price up by 11.35% to the previous day’s close as strong demand from buyers drove the stock to $5.78.

Actively observing the price movement in the recent trading, the stock is buoying the session at $5.19, falling within a range of $4.9373 and $5.39. Referring to stock’s 52-week performance, its high was $21.34, and the low was $4.94. On the whole, RKLB has fluctuated by -36.71% over the past month.

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As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.05, which is expected to increase to $0 for fiscal year -$0.43 and then to about -$0.12 by fiscal year 2022.

Analysts have estimated the company’s revenue for the quarter at $24.22 million, with a low estimate of $23.99 million and a high estimate of $24.44 million.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that RKLB’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of RKLB currently trading nearly -18.96% and -26.48% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.30, while the 7-day volatility ratio is showing 10.32% which for the 30-day chart, stands at 7.40%. Furthermore, Rocket Lab USA Inc. (RKLB)’s average true range (ATR) is 0.50.

Data on historical trading for Rocket Lab USA Inc. (NASDAQ:RKLB) indicates that the trading volumes over the past 10 days have averaged 3.79 million and over the past 3 months, they’ve averaged 4.58 million. According to company’s latest data on outstanding shares, there are 451.88 million shares outstanding.

Nearly 24.11% of Rocket Lab USA Inc.’s shares belong to company insiders and institutional investors own 55.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.31 million shares as on Jan 30, 2022, resulting in a short ratio of 2.23. According to the data, the short interest in Rocket Lab USA Inc. (RKLB) stood at 1.40% of shares outstanding as of Jan 30, 2022; the number of short shares registered in Dec 30, 2021 reached 6.66 million. The stock has fallen by -57.74% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RKLB stock heading into the next quarter.

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