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The closing price of Rocket Lab USA Inc (NASDAQ: RKLB) was $14.66 for the day, down -0.81% from the previous closing price of $14.78. In other words, the price has decreased by -$0.81 from its previous closing price. On the day, 22.18 million shares were traded. RKLB stock price reached its highest trading level at $15.02 during the session, while it also had its lowest trading level at $14.24.
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 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:
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 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 7345305088 and an Enterprise Value of 7257739776. For the stock, the TTM Price-to-Sale (P/S) ratio is 22.29 while its Price-to-Book (P/B) ratio in mrq is 15.99. Its current Enterprise Value per Revenue stands at 22.217 whereas that against EBITDA is -51.355.
Stock Price History:
Over the past 52 weeks, RKLB has reached a high of $15.24, while it has fallen to a 52-week low of $3.47. The 50-Day Moving Average of the stock is 52.09%, while the 200-Day Moving Average is calculated to be 149.09%.
Shares Statistics:
RKLB traded an average of 15.25M shares per day over the past three months and 13766310 shares per day over the past ten 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 31.16% stake in the company. Shares short for RKLB as of 1728950400 were 62131541 with a Short Ratio of 3.87, compared to 1726185600 on 58179171. Therefore, it implies a Short% of Shares Outstanding of 62131541 and a Short% of Float of 17.549999.
