As of close of business last night, Rocket Lab USA Inc’s stock clocked out at $3.77, down -0.79% from its previous closing price of $3.80. In other words, the price has decreased by -$0.0300 from its previous closing price. On the day, 6261421 shares were traded.
Ratios:
To gain a deeper understanding of RKLB’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 1.85B and an Enterprise Value of 1.78B. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.54 while its Price-to-Book (P/B) ratio in mrq is 3.32. Its current Enterprise Value per Revenue stands at 7.27 whereas that against EBITDA is -12.00.
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 $3.62. The 50-Day Moving Average of the stock is 4.3450, while the 200-Day Moving Average is calculated to be 5.0628.
Shares Statistics:
It appears that RKLB traded 8.83M shares on average per day over the past three months and 7.22M shares per day over the past ten days. A total of 488.92M shares are outstanding, with a floating share count of 283.93M. Insiders hold about 41.95% of the company’s shares, while institutions hold 26.10% stake in the company. Shares short for RKLB as of Mar 15, 2024 were 50.7M with a Short Ratio of 5.74, compared to 46.2M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.37% and a Short% of Float of 17.38%.
Earnings Estimates
As of right now, 5 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.11 for the current quarter, with a high estimate of -$0.1 and a low estimate of -$0.11, while EPS last year was -$0.1. The consensus estimate for the next quarter is -$0.1, with high estimates of -$0.1 and low estimates of -$0.11.
Analysts are recommending an EPS of between -$0.36 and -$0.45 for the fiscal current year, implying an average EPS of -$0.42. EPS for the following year is -$0.14, with 5 analysts recommending between $0.07 and -$0.24.
Revenue Estimates
In the current quarter, 9 analysts expect revenue to total $94.99M. It ranges from a high estimate of $97.05M to a low estimate of $92.33M. As of the current estimate, Rocket Lab USA Inc’s year-ago sales were $54.9M, an estimated increase of 73.00% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $106.22M, an increase of 71.90% less than the figure of $73.00% in the same quarter last year. There is a high estimate of $116M for the next quarter, whereas the lowest estimate is $97M.
A total of 10 analysts have provided revenue estimates for RKLB’s current fiscal year. The highest revenue estimate was $461.12M, while the lowest revenue estimate was $391.1M, resulting in an average revenue estimate of $429.61M. In the same quarter a year ago, actual revenue was $244.59M, up 75.60% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $631.99M in the next fiscal year. The high estimate is $763.75M and the low estimate is $500M. The average revenue growth estimate for next year is up 47.10% from the average revenue estimate for this year.
