Rocket Lab USA Inc (NASDAQ: RKLB) is 76.85% higher on its value in year-to-date trading and has touched a low of $3.47 and a high of $8.98 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RKLB stock was last observed hovering at around $8.69 in the last trading session, with the day’s gains setting it 1.09%.
Currently trading at $9.78, the stock is 40.88% and 59.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 39.08 million and changing 12.54% at the moment leaves the stock 98.94% off its SMA200. RKLB registered 127.44% gain for a year compared to 6-month gain of 137.96%. The firm has a 50-day simple moving average (SMA 50) of $6.2377 and a 200-day simple moving average (SMA200) of $4.941575.
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The stock witnessed a 60.59% loss in the last 1 month and extending the period to 3 months gives it a 103.75%, and is 30.92% 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 8.85% over the week and 6.79% over the month.
Rocket Lab USA Inc (RKLB) has around 1650 employees, a market worth around $4.86B and $326.67M in sales. Profit margin for the company is -54.17%. Distance from 52-week low is 181.84% and 8.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.28%).
with sales reaching $102.28M over the same period.The EPS is expected to shrink by -33.62% this year, but quarterly earnings will post 73.10% year-over-year.
Rocket Lab USA Inc (RKLB) Top Institutional Holders
312.0 institutions hold shares in Rocket Lab USA Inc (RKLB), with institutional investors hold 63.36% of the company’s shares. The shares outstanding are 488.92M, and float is at 309.26M with Short Float at 18.81%. Institutions hold 56.38% of the Float.
The top institutional shareholder in the company is VK SERVICES, LLC with over 52.03 million shares valued at $249.73 million. The investor’s holdings represent 10.6179% of the RKLB Shares outstanding. As of 2024-06-30, the second largest holder is DEER MANAGEMENT CO. LLC with 40.74 million shares valued at $195.55 million to account for 8.3141 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 31.24 million shares representing 6.3757% and valued at over $149.96 million, while BLACKROCK INC. holds 5.5476 of the shares totaling 27.18 million with a market value of $130.48 million.
Rocket Lab USA Inc (RKLB) Insider Activity
The most recent transaction is an insider sale by GRIFFIN MICHAEL D, the company’s Director. SEC filings show that GRIFFIN MICHAEL D sold 39,446 shares of the company’s common stock on Aug 22 ’24 at a price of $6.90 per share for a total of $0.27 million. Following the sale, the insider now owns 0.0 shares.
Rocket Lab USA Inc disclosed in a document filed with the SEC on Aug 22 ’24 that Spice Adam C. (Chief Financial Officer) sold a total of 62,512 shares of the company’s common stock. The trade occurred on Aug 22 ’24 and was made at $6.96 per share for $0.44 million. Following the transaction, the insider now directly holds 1.32 million shares of the RKLB stock.
Still, SEC filings show that on Aug 22 ’24, Kampani Arjun (General Counsel) disposed off 28,563 shares at an average price of $6.96 for $0.2 million. The insider now directly holds 637,558 shares of Rocket Lab USA Inc (RKLB).
