Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Rocket Lab USA Inc (NASDAQ: RKLB) closed the day trading at $3.85 up 2.39% from the previous closing price of $3.76. In other words, the price has increased by $2.39 from its previous closing price. On the day, 9.58 million shares were traded. RKLB stock price reached its highest trading level at $3.98 during the session, while it also had its lowest trading level at $3.72.
Ratios:
For a better understanding of RKLB, let’s look at its different 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:
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 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 1896833408 and an Enterprise Value of 1820710528. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.76 while its Price-to-Book (P/B) ratio in mrq is 3.39. Its current Enterprise Value per Revenue stands at 7.444 whereas that against EBITDA is -12.237.
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 -5.31%, while the 200-Day Moving Average is calculated to be -21.19%.
Shares Statistics:
Over the past 3-months, RKLB traded about 9.29M shares per day on average, while over the past 10 days, RKLB traded about 5931080 shares per day. A total of 488.92M shares are outstanding, with a floating share count of 288.07M. Insiders hold about 41.53% of the company’s shares, while institutions hold 26.54% stake in the company. Shares short for RKLB as of 1713139200 were 58000775 with a Short Ratio of 6.25, compared to 1710460800 on 50701980. Therefore, it implies a Short% of Shares Outstanding of 58000775 and a Short% of Float of 19.88.
