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The price of Rocket Lab USA Inc (NASDAQ: RKLB) closed at $7.56 in the last session, up 1.20% from day before closing price of $7.47. In other words, the price has increased by $1.20 from its previous closing price. On the day, 12.41 million shares were traded. RKLB stock price reached its highest trading level at $7.6697 during the session, while it also had its lowest trading level at $7.47.
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 3754598400 and an Enterprise Value of 3731594496. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.49 while its Price-to-Book (P/B) ratio in mrq is 8.25. Its current Enterprise Value per Revenue stands at 11.423 whereas that against EBITDA is -26.404.
Stock Price History:
Over the past 52 weeks, RKLB has reached a high of $7.72, while it has fallen to a 52-week low of $3.47. The 50-Day Moving Average of the stock is 27.12%, while the 200-Day Moving Average is calculated to be 56.01%.
Shares Statistics:
According to the various share statistics, RKLB traded on average about 11.29M shares per day over the past 3-months and 12728300 shares per day over the past 10 days. A total of 488.92M shares are outstanding, with a floating share count of 310.80M. Insiders hold about 37.42% of the company’s shares, while institutions hold 30.40% stake in the company. Shares short for RKLB as of 1724976000 were 56974856 with a Short Ratio of 5.04, compared to 1722384000 on 52891929. Therefore, it implies a Short% of Shares Outstanding of 56974856 and a Short% of Float of 16.09.
