Rocket Lab USA Inc. (RKLB) attracts a new wave of investors despite economic turmoil

Rocket Lab USA Inc. (NASDAQ: RKLB) closed the day trading at $4.82 up 0.84% from the previous closing price of $4.78. In other words, the price has increased by $+0.0400 from its previous closing price. On the day, 4282853 shares were traded. RKLB stock price reached its highest trading level at $4.8400 during the session, while it also had its lowest trading level at $4.6100.

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For a better understanding of RKLB, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.80 and its Current Ratio is at 4.30. In the meantime, Its Debt-to-Equity ratio is 0.17 whereas as Long-Term Debt/Eq ratio is at 0.17.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Credit Suisse on October 12, 2022, initiated with a Underperform rating and assigned the stock a target price of $3.

On August 31, 2022, Cowen Upgraded its rating to Outperform which previously was Market Perform and also upped its target price recommendation from $6.50 to $8.

On June 21, 2022, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $5.Wells Fargo initiated its Equal Weight rating on June 21, 2022, with a $5 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 12 when GRIFFIN MICHAEL D sold 50,688 shares for $4.12 per share. The transaction valued at 208,835 led to the insider holds 0 shares of the business.

Kampani Arjun sold 13,810 shares of RKLB for $58,278 on Nov 25. The insider now owns 591,025 shares after completing the transaction at $4.22 per share. On Nov 25, another insider, Spice Adam C., who serves as the Chief Financial Officer of the company, sold 45,659 shares for $4.22 each. As a result, the insider received 192,681 and left with 1,750,357 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 12.24 while its Price-to-Book (P/B) ratio in mrq is 3.28.

Stock Price History:

Over the past 52 weeks, RKLB has reached a high of $11.11, while it has fallen to a 52-week low of $3.48. The 50-Day Moving Average of the stock is 4.3275, while the 200-Day Moving Average is calculated to be 4.9945.

Shares Statistics:

Over the past 3-months, RKLB traded about 3.40M shares per day on average, while over the past 10 days, RKLB traded about 4.08M shares per day. A total of 469.77M shares are outstanding, with a floating share count of 372.96M. Insiders hold about 0.90% of the company’s shares, while institutions hold 60.50% stake in the company. Shares short for RKLB as of Oct 13, 2022 were 18.72M with a Short Ratio of 23.39M, compared to 16.72M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.99% and a Short% of Float of 8.38%.

Earnings Estimates

Current recommendations for the stock of the company come from 8 analysts. The consensus estimate for the next quarter is -$0.07, with high estimates of -$0.02 and low estimates of -$0.18.

Analysts are recommending an EPS of between -$0.19 and -$0.43 for the fiscal current year, implying an average EPS of -$0.29. EPS for the following year is -$0.2, with 7 analysts recommending between -$0.08 and -$0.31.

Revenue Estimates

8 analysts predict $60.11M in revenue for the current quarter. It ranges from a high estimate of $63M to a low estimate of $51.73M. As of the current estimate, Rocket Lab USA Inc.’s year-ago sales were $5.29M, an estimated increase of 1,036.90% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $67.86M, an increase of 147.00% less than the figure of $1,036.90% in the same quarter last year. There is a high estimate of $73M for the next quarter, whereas the lowest estimate is $59M.

A total of 9 analysts have provided revenue estimates for RKLB’s current fiscal year. The highest revenue estimate was $251.68M, while the lowest revenue estimate was $206.9M, resulting in an average revenue estimate of $227.23M. In the same quarter a year ago, actual revenue was $62.24M, up 265.10% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $326.95M in the next fiscal year. The high estimate is $369.14M and the low estimate is $295M. The average revenue growth estimate for next year is up 43.90% from the average revenue estimate for this year.