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The closing price of Rocket Lab USA Inc (NASDAQ: RKLB) was $6.27 for the day, up 0.64% from the previous closing price of $6.23. In other words, the price has increased by $0.64 from its previous closing price. On the day, 8.14 million shares were traded. RKLB stock price reached its highest trading level at $6.49 during the session, while it also had its lowest trading level at $6.22.
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 2.43 and its Current Ratio is at 2.82. In the meantime, Its Debt-to-Equity ratio is 1.04 whereas as Long-Term Debt/Eq ratio is at 1.02.
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:
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 Aug 22 ’24 when GRIFFIN MICHAEL D sold 39,446 shares for $6.90 per share. The transaction valued at 272,177 led to the insider holds 0 shares of the business.
Spice Adam C. sold 62,512 shares of RKLB for $435,084 on Aug 22 ’24. The Chief Financial Officer now owns 1,321,165 shares after completing the transaction at $6.96 per share. On Aug 22 ’24, another insider, Kampani Arjun, who serves as the General Counsel of the company, sold 28,563 shares for $6.96 each. As a result, the insider received 198,798 and left with 637,558 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 3113932800 and an Enterprise Value of 3090928640. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.53 while its Price-to-Book (P/B) ratio in mrq is 6.84. Its current Enterprise Value per Revenue stands at 9.462 whereas that against EBITDA is -21.871.
Stock Price History:
Over the past 52 weeks, RKLB has reached a high of $7.36, while it has fallen to a 52-week low of $3.47. The 50-Day Moving Average of the stock is 16.04%, while the 200-Day Moving Average is calculated to be 34.24%.
Shares Statistics:
RKLB traded an average of 10.33M shares per day over the past three months and 19699770 shares per day over the past ten days. A total of 488.92M shares are outstanding, with a floating share count of 309.34M. Insiders hold about 38.32% of the company’s shares, while institutions hold 30.40% stake in the company. Shares short for RKLB as of 1723680000 were 56347196 with a Short Ratio of 5.46, compared to 1721001600 on 56593581. Therefore, it implies a Short% of Shares Outstanding of 56347196 and a Short% of Float of 15.909999999999998.
