In the latest session, Rocket Lab USA Inc (NASDAQ: RKLB) closed at $4.21 down -0.24% from its previous closing price of $4.22. On the day, 3896056 shares were traded. RKLB stock price reached its highest trading level at $4.3050 during the session, while it also had its lowest trading level at $4.1500.
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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 1.33 and its Current Ratio is at 1.67. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.10.
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 this company, Cantor Fitzgerald on October 26, 2023, initiated with a Overweight rating and assigned the stock a target price of $6.
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 Sep 11 when Beck Peter sold 3,600,000 shares for $5.62 per share. The transaction valued at 20,232,000 led to the insider holds 50,951,250 shares of the business.
GRIFFIN MICHAEL D sold 38,090 shares of RKLB for $241,612 on Aug 30. The Director now owns 0 shares after completing the transaction at $6.34 per share. On Aug 25, another insider, Spice Adam C., who serves as the Chief Financial Officer of the company, sold 61,377 shares for $5.74 each. As a result, the insider received 352,525 and left with 1,566,293 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 2.05B and an Enterprise Value of 1.92B. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.65 while its Price-to-Book (P/B) ratio in mrq is 3.49. Its current Enterprise Value per Revenue stands at 8.12 whereas that against EBITDA is -13.98.
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 $3.48. The 50-Day Moving Average of the stock is 4.4820, while the 200-Day Moving Average is calculated to be 4.9717.
Shares Statistics:
For the past three months, RKLB has traded an average of 4.16M shares per day and 5.81M over the past ten days. A total of 475.36M shares are outstanding, with a floating share count of 292.94M. Insiders hold about 39.71% of the company’s shares, while institutions hold 30.40% stake in the company. Shares short for RKLB as of Oct 30, 2023 were 22.04M with a Short Ratio of 22.04M, compared to 23.29M on Sep 28, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.54% and a Short% of Float of 7.64%.
Earnings Estimates
There are 5 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of -$0.07 and a low estimate of -$0.1, while EPS last year was -$0.08. The consensus estimate for the next quarter is -$0.09, with high estimates of -$0.08 and low estimates of -$0.09.
Analysts are recommending an EPS of between -$0.25 and -$0.38 for the fiscal current year, implying an average EPS of -$0.35. EPS for the following year is -$0.28, with 5 analysts recommending between -$0.17 and -$0.35.
Revenue Estimates
A total of 6 analysts believe the company’s revenue will be $67.29M this quarter.It ranges from a high estimate of $68M to a low estimate of $66.7M. As of the current estimate, Rocket Lab USA Inc’s year-ago sales were $51.76M, an estimated increase of 30.00% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $98.53M, an increase of 79.50% over than the figure of $30.00% in the same quarter last year. There is a high estimate of $102M for the next quarter, whereas the lowest estimate is $95.67M.
A total of 8 analysts have provided revenue estimates for RKLB’s current fiscal year. The highest revenue estimate was $252.6M, while the lowest revenue estimate was $251.39M, resulting in an average revenue estimate of $251.78M. In the same quarter a year ago, actual revenue was $211M, up 19.30% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $428.56M in the next fiscal year. The high estimate is $468.8M and the low estimate is $399.9M. The average revenue growth estimate for next year is up 70.20% from the average revenue estimate for this year.
