The price of Rocket Lab USA Inc (NASDAQ: RKLB) closed at $4.48 in the last session, up 1.36% from day before closing price of $4.42. In other words, the price has increased by $+0.0600 from its previous closing price. On the day, 7277906 shares were traded. RKLB stock price reached its highest trading level at $4.7250 during the session, while it also had its lowest trading level at $4.4400.
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 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:
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 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 2.16B and an Enterprise Value of 2.09B. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.96 while its Price-to-Book (P/B) ratio in mrq is 3.95. Its current Enterprise Value per Revenue stands at 8.56 whereas that against EBITDA is -14.13.
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 4.8118, while the 200-Day Moving Average is calculated to be 5.1694.
Shares Statistics:
According to the various share statistics, RKLB traded on average about 9.40M shares per day over the past 3-months and 7.63M shares per day over the past 10 days. A total of 488.92M shares are outstanding, with a floating share count of 289.12M. Insiders hold about 40.89% of the company’s shares, while institutions hold 26.09% stake in the company. Shares short for RKLB as of Feb 15, 2024 were 46.2M with a Short Ratio of 4.92, compared to 23.1M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.45% and a Short% of Float of 15.85%.
Earnings Estimates
The company has 4 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.1 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 -$0.43 for the fiscal current year, implying an average EPS of -$0.41. EPS for the following year is -$0.12, with 4 analysts recommending between $0.07 and -$0.24.
Revenue Estimates
According to 7 analysts, the current quarter’s revenue is expected to be $95.08M. It ranges from a high estimate of $96M to a low estimate of $94M. As of the current estimate, Rocket Lab USA Inc’s year-ago sales were $54.9M, an estimated increase of 73.20% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $106.5M, an increase of 72.40% less than the figure of $73.20% 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 8 analysts have provided revenue estimates for RKLB’s current fiscal year. The highest revenue estimate was $503M, while the lowest revenue estimate was $391.1M, resulting in an average revenue estimate of $435.76M. In the same quarter a year ago, actual revenue was $244.59M, up 78.20% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $626.04M in the next fiscal year. The high estimate is $762M and the low estimate is $500M. The average revenue growth estimate for next year is up 43.70% from the average revenue estimate for this year.
