Rocket Lab USA Inc (NASDAQ:RKLB) currently has a daily average trading volume of 15.52M but it saw 120481210 shares traded in last market. With a market cap of 9.35B USD, the company’s current market price of $18.83 came rising about 28.44 while comparing to the previous closing price of $14.66. In past 52 weeks, the stock remained buoying in the range of price level as high as $15.24 and as low as $3.47. In the recent trading on the day, stock has struck highest price mark of $18.65 while lowest mark touched by it was $22.55.
Taking a look at 20-day trading activity of Rocket Lab USA Inc (RKLB) gives us an average price of $12.22, while its current price level is 23.56% below from 52-week high level whereas it is 442.65% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $9.89 while that of 200 days or SMA-200 reads an average of $5.95. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.82% during that period while stretching the period over a month that decreases to 7.02%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 88.73 which implies that the stock is in overbought territory.
Morgan Stanley downgraded its recommendation for the stock as a “Equal-Weight” from “Overweight” on July 15, 2024 while assigning a price target range of $8-$6.
Over the week, RKLB’s stock price is moving 44.29% up while it is 89.44% when we observe its performance for the past one month. Year-to-date it is 240.51% up and over the past year, the stock is showing an upside performance of 334.87%.
Currently, Rocket Lab USA Inc’s total number of outstanding shares is 488.92M. Company’s return on investment (ROI) stands at -20.14% and return on equity (ROE) at -37.45%. Stock’s beta reads 1.41. Stock has a price to book (P/B) ratio of 22.41 while price to sale or P/S ratio amounts to 25.70. Its return on asset (ROA) is -17.91% on average.
