Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Rocket Lab USA Inc (NASDAQ: RKLB) was $29.05 for the day, up 1.82% from the previous closing price of $28.53. In other words, the price has increased by $1.82 from its previous closing price. On the day, 20.58 million shares were traded. RKLB stock price reached its highest trading level at $30.53 during the session, while it also had its lowest trading level at $28.2588.
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 2.16 and its Current Ratio is at 2.58. In the meantime, Its Debt-to-Equity ratio is 1.12 whereas as Long-Term Debt/Eq ratio is at 1.09.
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 Dec 11 ’24 when NINA ARMAGNO bought 10,000 shares for $23.63 per share.
Slusky Alexander R sold 50,000 shares of RKLB for $1,214,230 on Dec 02 ’24. The Director now owns 584,675 shares after completing the transaction at $24.28 per share. On Dec 03 ’24, another insider, Slusky Alexander R, who serves as the Director of the company, sold 50,000 shares for $23.00 each. As a result, the insider received 1,150,080 and left with 534,675 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 13042287616 and an Enterprise Value of 14550513664. For the stock, the TTM Price-to-Sale (P/S) ratio is 39.92 while its Price-to-Book (P/B) ratio in mrq is 34.58. Its current Enterprise Value per Revenue stands at 39.994 whereas that against EBITDA is -94.446.
Stock Price History:
The Beta on a monthly basis for RKLB is 1.99, which has changed by 6.1375923 over the last 52 weeks, in comparison to a change of 0.22208416 over the same period for the S&P500. Over the past 52 weeks, RKLB has reached a high of $33.34, while it has fallen to a 52-week low of $3.47. The 50-Day Moving Average of the stock is 13.45%, while the 200-Day Moving Average is calculated to be 154.08%.
Shares Statistics:
RKLB traded an average of 23.04M shares per day over the past three months and 23839230 shares per day over the past ten days. A total of 499.70M shares are outstanding, with a floating share count of 373.67M. Insiders hold about 25.25% of the company’s shares, while institutions hold 34.70% stake in the company. Shares short for RKLB as of 1736899200 were 54452240 with a Short Ratio of 2.36, compared to 1734048000 on 50780012. Therefore, it implies a Short% of Shares Outstanding of 54452240 and a Short% of Float of 17.77.
