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Rocket Lab USA Inc (RKLB) down -26.22% since start of the year

Rocket Lab USA Inc (NASDAQ: RKLB) is -26.22% lower on its value in year-to-date trading and has touched a low of $3.62 and a high of $8.05 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RKLB stock was last observed hovering at around $4.11 in the last trading session, with the day’s loss setting it -0.03%.

Currently trading at $4.08, the stock is -3.29% and -8.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.82 million and changing -0.73% at the moment leaves the stock -20.30% off its SMA200. RKLB registered 3.03% gain for a year compared to 6-month gain of -5.99%. The firm has a 50-day simple moving average (SMA 50) of $7.94 and a 200-day simple moving average (SMA200) of -$13.11.

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The stock witnessed a -11.01% loss in the last 1 month and extending the period to 3 months gives it a -29.53%, and is 0.74% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.08% over the week and 4.13% over the month.

Rocket Lab USA Inc (RKLB) has around 1650 employees, a market worth around $2.00B and $244.59M in sales. Profit margin for the company is -74.64%. Distance from 52-week low is 12.71% and -49.32% from its 52-week high. The company has generated returns on investments over the last 12 months (-25.59%).

Rocket Lab USA Inc quarterly earnings per share for the current quarter are estimated at -$0.11 with sales reaching $94.74M over the same period.The EPS is expected to shrink by -36.37% this year, but quarterly earnings will post 76.50% year-over-year. Quarterly sales are estimated to grow 72.60% in year-over-year returns.

Rocket Lab USA Inc (RKLB) Top Institutional Holders

287 institutions hold shares in Rocket Lab USA Inc (RKLB), with institutional investors hold 62.15% of the company’s shares. The shares outstanding are 488.92M, and float is at 283.93M with Short Float at 17.86%. Institutions hold 55.45% of the Float.

The top institutional shareholder in the company is VK Services, LLC with over 74.75 million shares valued at $448.52 million. The investor’s holdings represent 15.47% of the RKLB Shares outstanding. As of Jun 29, 2023, the second largest holder is Deer Management Co. LLC with 48.88 million shares valued at $293.29 million to account for 10.11% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 24.93 million shares representing 5.16% and valued at over $149.6 million, while Blackrock Inc. holds 4.85% of the shares totaling 23.42 million with a market value of $140.53 million.

Rocket Lab USA Inc (RKLB) Insider Activity

The most recent transaction is an insider sale by Spice Adam C.,the company’sChief Financial Officer. SEC filings show that Spice Adam C. sold 67,160 shares of the company’s common stock on Mar 05 ’24 at a price of $4.25 per share for a total of $0.29 million. Following the sale, the insider now owns 1.44 million shares.

Rocket Lab USA Inc disclosed in a document filed with the SEC on Mar 05 ’24 that Kampani Arjun (General Counsel) sold a total of 31,394 shares of the company’s common stock. The trade occurred on Mar 05 ’24 and was made at $4.25 per share for $0.13 million. Following the transaction, the insider now directly holds 0.7 million shares of the RKLB stock.

Still, SEC filings show that on Nov 29 ’23, Spice Adam C. (Chief Financial Officer) disposed off 57,721 shares at an average price of $4.46 for $0.26 million. The insider now directly holds 1,509,366 shares of Rocket Lab USA Inc (RKLB).

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