Rocket Lab USA Inc (NASDAQ:RKLB) traded at $24.42 at close of the session on Friday, December 13 and made an upward move of 8.15% on its previous day’s price.
Looking at the stock we see that its previous close was $22.58 and the beta (5Y monthly) reads 1.3 with the day’s price range being $22.42 – $24.561. In terms of its 52-week price range, RKLB has a high of $28.10 and a low of $3.47. The company’s stock has gained about 29.69% over that past 30 days.
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Rocket Lab USA Inc has a market cap of $13.20 billion and is expected to release its quarterly earnings report in January.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 130M, with a low of 123M and a high of 133.81M. The median projection represents growth squeezing down to 116.71% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 433.77M, or 77.35% up from figures reported last year.
On the other hand, looking at the outlook for the RKLB stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 9 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the Rocket Lab USA Inc (RKLB) stock as a Hold, while 5 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 5.62% off its SMA20 and 50.27% from its 50-day simple moving average. The RSI (14) is pointing at 63.68 while the volatility over the past week is 9.60% and jumps to 10.31% over the past one month. The beta value is 1.99, while the average true range (ATR) is currently pointing at 1.99. The average price target for the stock over the next 12 months is $9, with the estimates having a low of $6 and a high of $12. These price ends are 75.43% and 50.86% off the current price level respectively, although investors could be excited at the prospect of a 63.14% if the RKLB share price touches on the median price of $9.
Coming back to Rocket Lab USA Inc (NASDAQ:RKLB), we note that the average 3-month trading volume was 20.23 million, while that of the preceding 10-day period stands at 22.17 million. Current shares outstanding are 499.70 million.
The insiders hold 27.63% of the company’s shares while institutions hold 34.29%. The data shows that short shares as of 2024-11-29, stood at 49.28 million at a short ratio of 1.79. This represents a 1379.00 short interest in shares outstanding on 2024-11-29. Shares short fall in November from the previous month at 58.95 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 341.59% up in year-to-date price movement.
