Rocket Lab USA Inc (NASDAQ:RKLB) price on current trading day, fall -2.79% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $27.65.
A look at the stock’s price movement, the level at last check in today’s session was $28.44, moving within a range at $26.83 and $28.71. The beta value (5-Year monthly) was 1.3. Turning to its 52-week performance, $28.80 and $3.47 were the 52-week high and 52-week low respectively. Overall, RKLB moved 8.67% over the past month.
Rocket Lab USA Inc’s market cap currently stands at around $13.82 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 130.26M for the company’s revenue for the quarter, with a low and high estimate of 123M and 133.81M respectively. The average forecast suggests up to a 117.13% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 434.02M, representing a 77.45% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RKLB is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 5 recommend RKLB as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
RKLB’s current price about 11.89% and 44.64% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 64.64, while 7-day volatility ratio is 9.63% and 10.08% in the 30-day chart. Further, Rocket Lab USA Inc (RKLB) has a beta value of 1.97, and an average true range (ATR) of 2.14. Analysts have given the company’s stock an average 52-week price target of $9, forecast between a low of $6 and high of $12. Looking at the price targets, the low is 78.3% off recent price level in today’s trading while to achieve the yearly target high, it has to move 56.6%. Nonetheless, investors will most likely welcome a 67.45% jump to $9 which is the analysts’ median price.
If we refocus on Rocket Lab USA Inc (NASDAQ:RKLB), historical trading data shows that trading volumes averaged 17.24 over the past 10 days and 20.71 million over the past 3 months. The company’s latest data on shares outstanding shows there are 499.70 million shares.
The 26.55% of Rocket Lab USA Inc’s shares are in the hands of company insiders while institutional holders own 34.28% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 49.28 million on 2024-11-29, giving us a short ratio of 1.79. The data shows that as of 2024-11-29 short interest in Rocket Lab USA Inc (RKLB) stood at 1379.0 of shares outstanding, with shares short falling to 58.95 million registered in 2024-10-31. Current price change has pushed the stock 399.93% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RKLB stock continues to rise going into the next quarter.
