Rocket Lab USA Inc (NASDAQ:RKLB) currently has a daily average trading volume of 22.86M but it saw 19458147 shares traded in last market. With a market cap of 14.26B USD, the company’s current market price of $28.53 came falling about -1.18 while comparing to the previous closing price of $28.87. In past 52 weeks, the stock remained buoying in the range of price level as high as $33.34 and as low as $3.47. In the recent trading on the day, stock has struck highest price mark of $27.77 while lowest mark touched by it was $30.8095.
Taking a look at 20-day trading activity of Rocket Lab USA Inc (RKLB) gives us an average price of $27.52, while its current price level is -14.43% below from 52-week high level whereas it is 722.19% 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 $25.41 while that of 200 days or SMA-200 reads an average of $11.31. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.94% during that period while stretching the period over a month that increases to 9.12%. 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 54.84 which implies that the stock is in neutral 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 -9.63% down while it is 4.81% when we observe its performance for the past one month. Year-to-date it is 12.01% up and over the past year, the stock is showing an upside performance of 455.06%.
The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of -0.07 while estimate for next year EPS is -0.26. In next quarter, company is expected to be making quarterly sales of $137.31M as analysts are expecting the sales for current fiscal year at $434.31M and seeing the company making $603.67M in sales next year. Moreover, analysts are in estimates of $130.57M for current-quarter revenue.
Currently, Rocket Lab USA Inc’s total number of outstanding shares is 499.70M with 0.70% of that held by the insiders while 55.24% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -21.44% and return on equity (ROE) at -37.45%. Stock’s beta reads 1.99. Stock has a price to book (P/B) ratio of 33.96 while price to sale or P/S ratio amounts to 39.20. Its return on asset (ROA) is -17.91% on average.
