In the latest session, Rocket Lab USA Inc (NASDAQ: RKLB) closed at $4.57 up 4.34% from its previous closing price of $4.38. In other words, the price has increased by $+0.1900 from its previous closing price. On the day, 7137632 shares were traded. RKLB stock price reached its highest trading level at $4.6000 during the session, while it also had its lowest trading level at $4.3500.
Ratios:
For a deeper understanding of Rocket Lab USA Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.33 and its Current Ratio is at 1.67. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.10.
On January 17, 2024, KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and target price of $8.
On October 26, 2023, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $6.Cantor Fitzgerald initiated its Overweight rating on October 26, 2023, with a $6 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 29 when Spice Adam C. sold 57,721 shares for $4.46 per share. The transaction valued at 257,609 led to the insider holds 1,509,366 shares of the business.
Kampani Arjun sold 19,443 shares of RKLB for $86,774 on Nov 29. The General Counsel now owns 505,947 shares after completing the transaction at $4.46 per share. On Sep 11, another insider, Beck Peter, who serves as the President, CEO and Chairman of the company, sold 3,600,000 shares for $5.62 each. As a result, the insider received 20,232,000 and left with 50,951,250 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RKLB now has a Market Capitalization of 2.22B and an Enterprise Value of 2.09B. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.39 while its Price-to-Book (P/B) ratio in mrq is 3.79. Its current Enterprise Value per Revenue stands at 8.86 whereas that against EBITDA is -15.25.
Stock Price History:
Over the past 52 weeks, RKLB has reached a high of $8.05, while it has fallen to a 52-week low of $3.62. The 50-Day Moving Average of the stock is 4.8837, while the 200-Day Moving Average is calculated to be 5.1637.
Shares Statistics:
For the past three months, RKLB has traded an average of 8.60M shares per day and 8.57M over the past ten days. A total of 475.36M shares are outstanding, with a floating share count of 287.10M. Insiders hold about 40.91% of the company’s shares, while institutions hold 26.23% stake in the company. Shares short for RKLB as of Jan 31, 2024 were 22.44M with a Short Ratio of 2.61, compared to 22.19M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.62% and a Short% of Float of 7.78%.
Earnings Estimates
There are 6 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.1 for the current quarter, with a high estimate of -$0.09 and a low estimate of -$0.1, while EPS last year was -$0.08. The consensus estimate for the next quarter is -$0.09, with high estimates of -$0.08 and low estimates of -$0.09.
Analysts are recommending an EPS of between -$0.37 and -$0.38 for the fiscal current year, implying an average EPS of -$0.37. EPS for the following year is -$0.33, with 6 analysts recommending between -$0.26 and -$0.37.
Revenue Estimates
A total of 9 analysts believe the company’s revenue will be $62.89M this quarter.It ranges from a high estimate of $68M to a low estimate of $58.3M. As of the current estimate, Rocket Lab USA Inc’s year-ago sales were $51.76M, an estimated increase of 21.50% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $98.57M, an increase of 79.60% over than the figure of $21.50% in the same quarter last year. There is a high estimate of $103.32M for the next quarter, whereas the lowest estimate is $94M.
A total of 10 analysts have provided revenue estimates for RKLB’s current fiscal year. The highest revenue estimate was $252.1M, while the lowest revenue estimate was $242.9M, resulting in an average revenue estimate of $247.93M. In the same quarter a year ago, actual revenue was $211M, up 17.50% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $434.16M in the next fiscal year. The high estimate is $507.48M and the low estimate is $397.59M. The average revenue growth estimate for next year is up 75.10% from the average revenue estimate for this year.
