Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
The closing price of Rocket Lab USA Inc (NASDAQ: RKLB) was $20.49 for the day, up 3.33% from the previous closing price of $19.83. In other words, the price has increased by $3.33 from its previous closing price. On the day, 37.27 million shares were traded.
Ratios:
Our analysis of RKLB’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.69 and its Current Ratio is at 2.04. In the meantime, Its Debt-to-Equity ratio is 1.24 whereas as Long-Term Debt/Eq ratio is at 1.19.
On July 15, 2024, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also lowered its target price recommendation from $8 to $6.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 11 ’24 when Armagno Nina sold 10,000 shares for $23.63 per share. The transaction valued at 236,345 led to the insider holds 132,294 shares of the business.
NINA ARMAGNO bought 10,000 shares of RKLB for $236,345 on Dec 11 ’24. On Dec 02 ’24, another insider, Slusky Alexander R, who serves as the Director of the company, sold 50,000 shares for $24.28 each. As a result, the insider received 1,214,230 and left with 584,675 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 23.48 while its Price-to-Book (P/B) ratio in mrq is 27.03.
Stock Price History:
Over the past 52 weeks, RKLB has reached a high of $33.34, while it has fallen to a 52-week low of $3.47. The 50-Day Moving Average of the stock is -22.81%, while the 200-Day Moving Average is calculated to be 51.52%.
Shares Statistics:
A total of 504.45M shares are outstanding, with a floating share count of 409.12M. Insiders hold about 18.16% of the company’s shares, while institutions hold 39.82% stake in the company.
