Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
In the latest session, Rocket Lab USA Inc (NASDAQ: RKLB) closed at $5.32 down -1.48% from its previous closing price of $5.40. In other words, the price has decreased by -$1.48 from its previous closing price. On the day, 3.92 million shares were traded. RKLB stock price reached its highest trading level at $5.5 during the session, while it also had its lowest trading level at $5.2802.
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 2.69 and its Current Ratio is at 3.12. In the meantime, Its Debt-to-Equity ratio is 1.00 whereas as Long-Term Debt/Eq ratio is at 0.97.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on July 15, 2024, Downgraded its rating to Equal-Weight and sets its target price to $6 from $8 previously.
On June 11, 2024, Goldman started tracking the stock assigning a Neutral rating and target price of $4.50.Goldman initiated its Neutral rating on June 11, 2024, with a $4.50 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 May 24 ’24 when Spice Adam C. sold 63,529 shares for $4.22 per share. The transaction valued at 267,902 led to the insider holds 1,383,677 shares of the business.
Kampani Arjun sold 29,026 shares of RKLB for $122,403 on May 24 ’24. The General Counsel now owns 666,121 shares after completing the transaction at $4.22 per share. On Mar 05 ’24, another insider, Spice Adam C., who serves as the Chief Financial Officer of the company, sold 67,160 shares for $4.25 each. As a result, the insider received 285,631 and left with 1,442,206 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 2621589760 and an Enterprise Value of 2605886208. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.28 while its Price-to-Book (P/B) ratio in mrq is 5.47. Its current Enterprise Value per Revenue stands at 9.226 whereas that against EBITDA is -18.026.
Stock Price History:
Over the past 52 weeks, RKLB has reached a high of $7.49, while it has fallen to a 52-week low of $3.47. The 50-Day Moving Average of the stock is 11.76%, while the 200-Day Moving Average is calculated to be 18.11%.
Shares Statistics:
For the past three months, RKLB has traded an average of 7.40M shares per day and 5585680 over the past ten days. A total of 488.92M shares are outstanding, with a floating share count of 300.81M. Insiders hold about 38.96% of the company’s shares, while institutions hold 30.29% stake in the company. Shares short for RKLB as of 1721001600 were 56593581 with a Short Ratio of 7.65, compared to 1718323200 on 56652261. Therefore, it implies a Short% of Shares Outstanding of 56593581 and a Short% of Float of 16.16.
