Rocket Lab USA Inc (NASDAQ:RKLB) price on Thursday, February 06, fall -3.22% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $27.68.
A look at the stock’s price movement, the close in the last trading session was $28.60, moving within a range at $27.25 and $28.92. The beta value (5-Year monthly) was 1.3. Turning to its 52-week performance, $33.34 and $3.47 were the 52-week high and 52-week low respectively. Overall, RKLB moved -3.89% over the past month.
Rocket Lab USA Inc’s market cap currently stands at around $13.84 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 130.57M for the company’s revenue for the quarter, with a low and high estimate of 123M and 133.94M respectively. The average forecast suggests up to a 117.65% 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 434.31M, representing a 77.57% 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 50% 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 -0.59% and 5.55% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.91, while 7-day volatility ratio is 7.05% and 8.72% in the 30-day chart. Further, Rocket Lab USA Inc (RKLB) has a beta value of 2.00, and an average true range (ATR) of 2.40. Analysts have given the company’s stock an average 52-week price target of $21.5, forecast between a low of $12 and high of $31. Looking at the price targets, the low is 56.65% off current price level while to achieve the yearly target high, price needs to move -11.99%. Nonetheless, investors will most likely welcome a 22.33% jump to $21.5 which is the analysts’ median price.
If we refocus on Rocket Lab USA Inc (NASDAQ:RKLB), historical trading data shows that trading volumes averaged 18.56 over the past 10 days and 23.55 million over the past 3 months. The company’s latest data on shares outstanding shows there are 499.70 million shares.
The 24.65% of Rocket Lab USA Inc’s shares are in the hands of company insiders while institutional holders own 34.41% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 54.45 million on 2025-01-15, giving us a short ratio of 3.19. The data shows that as of 2025-01-15 short interest in Rocket Lab USA Inc (RKLB) stood at 1777.0 of shares outstanding, with shares short rising to 50.78 million registered in 2024-12-13. Current price change has pushed the stock 8.68% 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.
