Rocket Lab USA Inc (NASDAQ: RKLB) is -5.14% lower on its value in year-to-date trading and has touched a low of $3.47 and a high of $30.26 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 $23.91 in the last trading session, with the day’s gains setting it 0.25%.
Currently trading at $24.16, the stock is -7.10% and 8.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.81 million and changing 1.05% at the moment leaves the stock 142.62% off its SMA200. RKLB registered 368.22% gain for a year compared to 6-month gain of 322.38%. The firm has a 50-day simple moving average (SMA 50) of $21.9149 and a 200-day simple moving average (SMA200) of $9.85785.
The stock witnessed a 3.47% loss in the last 1 month and extending the period to 3 months gives it a 149.07%, and is -16.11% down 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 8.23% over the week and 9.19% over the month.
Rocket Lab USA Inc (RKLB) has around 1650 employees, a market worth around $12.08B and $363.82M in sales. Profit margin for the company is -51.76%. Distance from 52-week low is 596.25% and -20.16% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.44%).
with sales reaching $130.26M over the same period.The EPS is expected to shrink by -27.61% this year, but quarterly earnings will post 77.45% year-over-year. Quarterly sales are estimated to grow 117.13% in year-over-year returns.
Rocket Lab USA Inc (RKLB) Top Institutional Holders
386.0 institutions hold shares in Rocket Lab USA Inc (RKLB), with institutional investors hold 55.77% of the company’s shares. The shares outstanding are 499.70M, and float is at 367.17M with Short Float at 14.53%. Institutions hold 55.38% 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
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Rocket Lab USA Inc disclosed in a document filed with the SEC on Dec 02 ’24 that Slusky Alexander R (Director) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Dec 02 ’24 and was made at $24.28 per share for $1.21 million. Following the transaction, the insider now directly holds 0.58 million shares of the RKLB stock.
Still, SEC filings show that on Dec 03 ’24, Slusky Alexander R (Director) disposed off 50,000 shares at an average price of $23.00 for $1.15 million. The insider now directly holds 534,675 shares of Rocket Lab USA Inc (RKLB).
