The closing price of Rocket Lab USA Inc (NASDAQ: RKLB) was $4.24 for the day, down -4.29% from the previous closing price of $4.43. In other words, the price has decreased by -$0.1900 from its previous closing price. On the day, 8761388 shares were traded. RKLB stock price reached its highest trading level at $4.3800 during the session, while it also had its lowest trading level at $4.1700.
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 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:
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 Nov 29 when Spice Adam C. sold 57,721 shares for $4.46 per share. The transaction valued at 257,609 led to the insider holds 1,509,366 shares of the business.
Kampani Arjun sold 19,443 shares of RKLB for $86,774 on Nov 29. The General Counsel now owns 505,947 shares after completing the transaction at $4.46 per share. On Sep 11, another insider, Beck Peter, who serves as the President, CEO and Chairman of the company, sold 3,600,000 shares for $5.62 each. As a result, the insider received 20,232,000 and left with 50,951,250 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 2.07B and an Enterprise Value of 2.01B. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.48 while its Price-to-Book (P/B) ratio in mrq is 3.74. Its current Enterprise Value per Revenue stands at 8.20 whereas that against EBITDA is -13.54.
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 4.8624, while the 200-Day Moving Average is calculated to be 5.1764.
Shares Statistics:
RKLB traded an average of 9.21M shares per day over the past three months and 8.1M shares per day over the past ten days. A total of 488.92M shares are outstanding, with a floating share count of 289.02M. Insiders hold about 40.91% 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 5.02, 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 firm’s stock currently is rated by 4 analysts. 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 -$0.35 and -$0.43 for the fiscal current year, implying an average EPS of -$0.4. EPS for the following year is -$0.12, with 4 analysts recommending between $0.07 and -$0.24.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 8 analysts. It ranges from a high estimate of $103.32M 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 75.10% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $107.03M, an increase of 73.20% less than the figure of $75.10% 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 $507.48M, while the lowest revenue estimate was $391.1M, resulting in an average revenue estimate of $439.12M. In the same quarter a year ago, actual revenue was $244.59M, up 79.50% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $634.26M 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 44.40% from the average revenue estimate for this year.
