The trading price of Rocket Lab USA Inc (NASDAQ:RKLB) closed higher on Friday, November 15, and closing at $19.00, 9.45% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $16.8 and $19.48. In examining the 52-week price action we see that the stock hit a 52-week high of $22.55 and a 52-week low of $3.47. Over the past month, the stock has gained 77.90% in value.
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Rocket Lab USA Inc, whose market valuation is $10.40 billion at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.08 per share this quarter, however they have predicted annual earnings per share of -0.28 for current year and -0.22 for next year.
Analysts have forecast the company to bring in revenue of 129.81M for the current quarter, with the likely lows of 123M and highs of 134M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 432.82M.
On the technical side, indicators suggest RKLB has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned RKLB a recommendation rating is 9. Out of them, 4 rate it a Hold, while 5 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Rocket Lab USA Inc (RKLB) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that RKLB’s price is currently 46.59% off the SMA20 and 83.08% off the SMA50. The RSI metric on the 14-day chart is currently showing 79.57, and weekly volatility stands at 12.75%. When measured over the past 30 days, the indicator reaches 7.52%. Rocket Lab USA Inc (NASDAQ:RKLB)’s beta value is currently sitting at 1.48, while the Average True Range indicator is currently displaying 1.45. With analysts defining $4.5-$12 as the low and high price targets, we arrive at a consensus price target of $7 for the trailing 12-month period. The current price is about 76.32% off the estimated low and 36.84% off the forecast high, based on this estimate. Investors will be thrilled if RKLB’s share price rises to $7, which is the median consensus price. At that level, RKLB’s share price would be 63.16% above current price.
To see how Rocket Lab USA Inc stock has been performing in comparison to its peers in the industry, here are the numbers: RKLB stock’s performance was 9.45% in the latest trading, and 331.82% in the past year.
An evaluation of the daily trading volume of Rocket Lab USA Inc (NASDAQ:RKLB) indicates that the 3-month average is 17.83 million. However, this figure has increased over the past 10 days to an average of 32.87.
Currently, records show that 488.92 million of the company’s shares remain outstanding. The insiders hold 36.47% of outstanding shares, whereas institutions hold 34.25%. The stats also highlight that short interest as of 2024-10-31, stood at 58.95 million shares, resulting in a short ratio of 4.67 at that time. From this, we can conclude that short interest is 1665.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 61.25 million. However, since the stock’s price has seen 243.58% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
