The 36-month beta value for RKLB is also noteworthy at 1.25. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for RKLB is 300.81M, and at present, short sellers hold a 18.12% of that float. The average trading volume of RKLB on July 22, 2024 was 7.50M shares.
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RKLB) stock’s latest price update
The stock of Rocket Lab USA Inc (NASDAQ: RKLB) has increased by 1.03 when compared to last closing price of 5.20.Despite this, the company has seen a loss of -8.16% in its stock price over the last five trading days. investorplace.com reported 2024-07-19 that The space industry is taking off right now. As billionaires like Jeff Bezos and Elon Musk invest heavily in the sector, the boundaries of possibilities in the final frontier are being pushed.
RKLB’s Market Performance
Rocket Lab USA Inc (RKLB) has experienced a -8.16% fall in stock performance for the past week, with a 9.45% rise in the past month, and a 47.98% rise in the past quarter. The volatility ratio for the week is 5.90%, and the volatility levels for the past 30 days are at 5.10% for RKLB. The simple moving average for the past 20 days is 3.96% for RKLB’s stock, with a 17.23% simple moving average for the past 200 days.
Analysts’ Opinion of RKLB
Many brokerage firms have already submitted their reports for RKLB stocks, with Morgan Stanley repeating the rating for RKLB by listing it as a “Equal-Weight.” The predicted price for RKLB in the upcoming period, according to Morgan Stanley is $6 based on the research report published on July 15, 2024 of the current year 2024.
Goldman gave a rating of “Neutral” to RKLB, setting the target price at $4.50 in the report published on June 11th of the current year.
RKLB Trading at 12.92% from the 50-Day Moving Average
After a stumble in the market that brought RKLB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.58% of loss for the given period.
Volatility was left at 5.10%, however, over the last 30 days, the volatility rate increased by 5.90%, as shares surge +4.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.78% upper at present.
During the last 5 trading sessions, RKLB fell by -8.41%, which changed the moving average for the period of 200-days by +25.63% in comparison to the 20-day moving average, which settled at $5.06. In addition, Rocket Lab USA Inc saw -5.00% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RKLB starting from Spice Adam C., who sale 63,529 shares at the price of $4.22 back on May 24 ’24. After this action, Spice Adam C. now owns 1,383,677 shares of Rocket Lab USA Inc, valued at $267,902 using the latest closing price.
Kampani Arjun, the General Counsel of Rocket Lab USA Inc, sale 29,026 shares at $4.22 during a trade that took place back on May 24 ’24, which means that Kampani Arjun is holding 666,121 shares at $122,403 based on the most recent closing price.
Stock Fundamentals for RKLB
Current profitability levels for the company are sitting at:
- -0.62 for the present operating margin
- 0.23 for the gross margin
The net margin for Rocket Lab USA Inc stands at -0.64. The total capital return value is set at -0.18. Equity return is now at value -32.39, with -16.68 for asset returns.
Based on Rocket Lab USA Inc (RKLB), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at -0.19. The debt to equity ratio resting at 0.85. The interest coverage ratio of the stock is -58.83.
Currently, EBITDA for the company is -146.83 million with net debt to EBITDA at -0.78. When we switch over and look at the enterprise to sales, we see a ratio of 9.6. The receivables turnover for the company is 4.75for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.12.
Conclusion
In summary, Rocket Lab USA Inc (RKLB) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
