Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
In the latest session, Rocket Lab USA Inc (NASDAQ: RKLB) closed at $3.68 up 2.51% from its previous closing price of $3.59. In other words, the price has increased by $2.51 from its previous closing price. On the day, 5.59 million shares were traded. RKLB stock price reached its highest trading level at $3.775 during the session, while it also had its lowest trading level at $3.575.
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 1.65 and its Current Ratio is at 2.13. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.29.
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 Mar 05 ’24 when Spice Adam C. sold 67,160 shares for $4.25 per share. The transaction valued at 285,631 led to the insider holds 1,442,206 shares of the business.
Kampani Arjun sold 31,394 shares of RKLB for $133,519 on Mar 05 ’24. The General Counsel now owns 695,147 shares after completing the transaction at $4.25 per share. On Nov 29 ’23, another insider, Spice Adam C., who serves as the Chief Financial Officer of the company, sold 57,721 shares for $4.46 each. As a result, the insider received 257,609 and left with 1,509,366 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 1800035200 and an Enterprise Value of 1693534080. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.36 while its Price-to-Book (P/B) ratio in mrq is 3.24. Its current Enterprise Value per Revenue stands at 6.924 whereas that against EBITDA is -11.383.
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 $3.47. The 50-Day Moving Average of the stock is -11.97%, while the 200-Day Moving Average is calculated to be -25.78%.
Shares Statistics:
For the past three months, RKLB has traded an average of 9.07M shares per day and 7346530 over the past ten days. A total of 488.92M shares are outstanding, with a floating share count of 286.00M. Insiders hold about 41.53% of the company’s shares, while institutions hold 26.76% stake in the company. Shares short for RKLB as of 1711584000 were 55610690 with a Short Ratio of 6.13, compared to 1709164800 on 47493492. Therefore, it implies a Short% of Shares Outstanding of 55610690 and a Short% of Float of 19.06.
