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As of close of business last night, Rocket Lab USA Inc’s stock clocked out at $5.25, up 0.77% from its previous closing price of $5.21. In other words, the price has increased by $0.77 from its previous closing price. On the day, 4.98 million shares were traded. RKLB stock price reached its highest trading level at $5.4 during the session, while it also had its lowest trading level at $5.09.
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 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:
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 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 2587095040 and an Enterprise Value of 2571391488. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.16 while its Price-to-Book (P/B) ratio in mrq is 5.40. Its current Enterprise Value per Revenue stands at 9.103 whereas that against EBITDA is -17.787.
Stock Price History:
Over the past 52 weeks, RKLB has reached a high of $7.79, while it has fallen to a 52-week low of $3.47. The 50-Day Moving Average of the stock is 11.19%, while the 200-Day Moving Average is calculated to be 16.76%.
Shares Statistics:
It appears that RKLB traded 7.41M shares on average per day over the past three months and 6703950 shares per day 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 30.21% stake in the company. Shares short for RKLB as of 1721001600 were 56593581 with a Short Ratio of 7.63, compared to 1718323200 on 56652261. Therefore, it implies a Short% of Shares Outstanding of 56593581 and a Short% of Float of 16.16.
