Rocket Lab USA Inc (NASDAQ:RKLB) shares, rose in value on Wednesday, November 20, with price down by -1.56% to the previous day’s close as strong demand from buyers drove the stock to $20.18.
Actively observing the price movement in the last trading, the stock closed the session at $20.50, falling within a range of $19.64 and $20.76. The value of beta (5-year monthly) was 1.3. Referring to stock’s 52-week performance, its high was $22.55, and the low was $3.47. On the whole, RKLB has fluctuated by 80.82% over the past month.
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With the market capitalization of Rocket Lab USA Inc currently standing at about $10.09 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 434.02M, with a low estimate of 123M and a high estimate of 134M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 130.37M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RKLB’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of RKLB currently trading nearly 41.19% and 80.21% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 79.82, while the 7-day volatility ratio is showing 11.30% which for the 30-day chart, stands at 8.13%. Furthermore, Rocket Lab USA Inc (RKLB)’s beta value is 1.52, and its average true range (ATR) is 1.51.
A comparison of Rocket Lab USA Inc (RKLB) with its peers suggests the former has fared considerably weaker in the market. RKLB showed an intraday change of -1.56% in last session, and over the past year, it grew by 368.21%%.
Data on historical trading for Rocket Lab USA Inc (NASDAQ:RKLB) indicates that the trading volumes over the past 10 days have averaged 37.06 and over the past 3 months, they’ve averaged 17.14 million. According to company’s latest data on outstanding shares, there are 488.92 million shares outstanding.
Nearly 28.76% of Rocket Lab USA Inc’s shares belong to company insiders and institutional investors own 34.25% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 58.95 million shares as on 2024-10-31, resulting in a short ratio of 4.67. According to the data, the short interest in Rocket Lab USA Inc (RKLB) stood at 1665.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 61.25 million. The stock has risen by 264.92% 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.
