The stock of Rocket Lab USA Inc (NASDAQ: RKLB) has increased by 3.30 when compared to last closing price of 9.39. Despite this, the company has experienced a -1.02% fall in its stock price over the last five trading sessions. fool.com reported 2024-10-08 that Rocket Lab’s latest contract win doesn’t seem to be as big news as it might have been.
Is It Worth Investing in Rocket Lab USA Inc (NASDAQ: RKLB) Right Now?
RKLB has 36-month beta value of 1.33. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 3 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for RKLB is 309.26M, and currently, short sellers hold a 19.80% ratio of that float. The average trading volume of RKLB on October 11, 2024 was 12.99M shares.
RKLB’s Market Performance
The stock of Rocket Lab USA Inc (RKLB) has seen a -1.02% decrease in the past week, with a 41.40% rise in the past month, and a 69.58% gain in the past quarter. The volatility ratio for the week is 6.29%, and the volatility levels for the past 30 days are at 7.27% for RKLB. The simple moving average for the past 20 days is 11.56% for RKLB’s stock, with a 87.39% simple moving average for the past 200 days.
Analysts’ Opinion of RKLB
Morgan Stanley, on the other hand, stated in their research note that they expect to see RKLB reach a price target of $6, previously predicting the price at $8. The rating they have provided for RKLB stocks is “Equal-Weight” according to the report published on July 15th, 2024.
RKLB Trading at 36.75% 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 -5.73% of loss for the given period.
Volatility was left at 7.27%, however, over the last 30 days, the volatility rate increased by 6.29%, as shares surge +28.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +93.73% upper at present.
During the last 5 trading sessions, RKLB fell by -1.95%, which changed the moving average for the period of 200-days by +70.37% in comparison to the 20-day moving average, which settled at $8.69. In addition, Rocket Lab USA Inc saw 75.41% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RKLB starting from GRIFFIN MICHAEL D, who sale 39,446 shares at the price of $6.90 back on Aug 22 ’24. After this action, GRIFFIN MICHAEL D now owns 0 shares of Rocket Lab USA Inc, valued at $272,177 using the latest closing price.
Spice Adam C., the Chief Financial Officer of Rocket Lab USA Inc, sale 62,512 shares at $6.96 during a trade that took place back on Aug 22 ’24, which means that Spice Adam C. is holding 1,321,165 shares at $435,084 based on the most recent closing price.
Stock Fundamentals for RKLB
Current profitability levels for the company are sitting at:
- -0.53 for the present operating margin
- 0.23 for the gross margin
The net margin for Rocket Lab USA Inc stands at -0.54. The total capital return value is set at -0.19. Equity return is now at value -33.19, with -16.31 for asset returns.
Based on Rocket Lab USA Inc (RKLB), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at -0.2. The debt to equity ratio resting at 0.89. The interest coverage ratio of the stock is -38.08.
Currently, EBITDA for the company is -146.83 million with net debt to EBITDA at -0.95. When we switch over and look at the enterprise to sales, we see a ratio of 15.0. The receivables turnover for the company is 3.93for trailing twelve months and the total asset turnover is 0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.82.
Conclusion
To put it simply, Rocket Lab USA Inc (RKLB) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
