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The price of Rocket Lab USA Inc (NASDAQ: RKLB) closed at $9.70 in the last session, up 3.30% from day before closing price of $9.39. In other words, the price has increased by $3.30 from its previous closing price. On the day, 8.25 million shares were traded. RKLB stock price reached its highest trading level at $9.78 during the session, while it also had its lowest trading level at $9.2.
Ratios:
We take a closer look at RKLB’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.43 and its Current Ratio is at 2.82. In the meantime, Its Debt-to-Equity ratio is 1.04 whereas as Long-Term Debt/Eq ratio is at 1.02.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 22 ’24 when GRIFFIN MICHAEL D sold 39,446 shares for $6.90 per share. The transaction valued at 272,177 led to the insider holds 0 shares of the business.
Spice Adam C. sold 62,512 shares of RKLB for $435,084 on Aug 22 ’24. The Chief Financial Officer now owns 1,321,165 shares after completing the transaction at $6.96 per share. On Aug 22 ’24, another insider, Kampani Arjun, who serves as the General Counsel of the company, sold 28,563 shares for $6.96 each. As a result, the insider received 198,798 and left with 637,558 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 4817408000 and an Enterprise Value of 4794404352. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.75 while its Price-to-Book (P/B) ratio in mrq is 10.58. Its current Enterprise Value per Revenue stands at 14.677 whereas that against EBITDA is -33.925.
Stock Price History:
Over the past 52 weeks, RKLB has reached a high of $10.29, while it has fallen to a 52-week low of $3.47. The 50-Day Moving Average of the stock is 36.75%, while the 200-Day Moving Average is calculated to be 87.39%.
Shares Statistics:
According to the various share statistics, RKLB traded on average about 12.99M shares per day over the past 3-months and 12139120 shares per day over the past 10 days. A total of 488.92M shares are outstanding, with a floating share count of 309.26M. Insiders hold about 37.73% of the company’s shares, while institutions hold 30.42% stake in the company. Shares short for RKLB as of 1727654400 were 61246107 with a Short Ratio of 4.72, compared to 1724976000 on 56974856. Therefore, it implies a Short% of Shares Outstanding of 61246107 and a Short% of Float of 17.299999999999997.
