Rocket Lab USA Inc (NASDAQ: RKLB)’s stock price has increased by 2.63 compared to its previous closing price of 22.41. However, the company has seen a 21.05% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-22 that Rocket Lab’s shares have surged 375% over the past year. Optimism about Neutron and strong Q3 2024 earnings have led the way. While the valuation is lofty, there is more potential upside here.
Is It Worth Investing in Rocket Lab USA Inc (NASDAQ: RKLB) Right Now?
Moreover, the 36-month beta value for RKLB is 1.62. Analysts have varying opinions on the stock, with 7 analysts rating it as a “buy,” 3 as “overweight,” 5 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for RKLB is 356.15M and currently, short sellers hold a 16.55% of that float. On November 22, 2024, RKLB’s average trading volume was 17.00M shares.
RKLB’s Market Performance
RKLB’s stock has seen a 21.05% increase for the week, with a 105.54% rise in the past month and a 241.25% gain in the past quarter. The volatility ratio for the week is 11.54%, and the volatility levels for the past 30 days are at 8.51% for Rocket Lab USA Inc The simple moving average for the past 20 days is 48.92% for RKLB’s stock, with a 253.05% 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 94.59% 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 able to rebound, for now settling with 2.00% of gains for the given period.
Volatility was left at 8.51%, however, over the last 30 days, the volatility rate increased by 11.54%, as shares surge +103.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +204.62% upper at present.
During the last 5 trading sessions, RKLB rose by +19.61%, which changed the moving average for the period of 200-days by +428.49% in comparison to the 20-day moving average, which settled at $15.43. In addition, Rocket Lab USA Inc saw 315.91% 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 Olson Jon A, who sale 50,000 shares at the price of $20.69 back on Nov 19 ’24. After this action, Olson Jon A now owns 432,275 shares of Rocket Lab USA Inc, valued at $1,034,315 using the latest closing price.
Olson Jon A, the Director of Rocket Lab USA Inc, proposed sale 50,000 shares at $18.64 during a trade that took place back on Nov 19 ’24, which means that Olson Jon A is holding shares at $932,000 based on the most recent closing price.
Stock Fundamentals for RKLB
Current profitability levels for the company are sitting at:
- -0.51 for the present operating margin
- 0.24 for the gross margin
The net margin for Rocket Lab USA Inc stands at -0.52. The total capital return value is set at -0.21. Equity return is now at value -37.45, with -17.91 for asset returns.
Based on Rocket Lab USA Inc (RKLB), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at -0.21. The debt to equity ratio resting at 1.01. The interest coverage ratio of the stock is -51.92.
Currently, EBITDA for the company is -148.78 million with net debt to EBITDA at -0.81. When we switch over and look at the enterprise to sales, we see a ratio of 32.63. The receivables turnover for the company is 16.43for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.58.
Conclusion
To wrap up, the performance of Rocket Lab USA Inc (RKLB) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
