Before Investing In Rocket Lab USA Inc (NASDAQ:RKLB), Here Are Some Things To Consider

The stock of Rocket Lab USA Inc (NASDAQ:RKLB) last traded at $4.40, up 1.85% from the previous session.

Data from the available sources indicates that Rocket Lab USA Inc (NASDAQ:RKLB) is covered by 10 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $5.00, we find $8.00. Given the previous closing price of $4.32, this indicates a potential upside of 85.19 percent. RKLB stock price is now -4.43% away from the 50-day moving average and -11.71% away from the 200-day moving average. The market capitalization of the company currently stands at $2.14B.

In total, 2 analysts have assigned it a hold rating, and 7 have given it a buy rating. Brokers who have rated the stock have averaged $8.14 as their price target over the next twelve months.

With the price target of $6, Cantor Fitzgerald recently initiated with Overweight rating for Rocket Lab USA Inc (NASDAQ: RKLB).

In other news, Beck Peter, President, CEO and Chairman sold 3,600,000 shares of the company’s stock on Sep 11. The stock was sold for $20,232,000 at an average price of $5.62. Upon completion of the transaction, the President, CEO and Chairman now directly owns 50,951,250 shares in the company, valued at $224.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 30, Director GRIFFIN MICHAEL D sold 38,090 shares of the business’s stock. A total of $241,612 was realized by selling the stock at an average price of $6.34. Insiders disposed of 12,440,046 shares of company stock worth roughly $54.74 million over the past 1 year. A total of 42.22% of the company’s stock is owned by insiders.

With an opening price of $4.3800 on Wednesday morning, Rocket Lab USA Inc (NASDAQ: RKLB) set off the trading day. During the past 12 months, Rocket Lab USA Inc has had a low of $3.48 and a high of $8.05. As of last week, the company has a debt-to-equity ratio of 0.28, a current ratio of 1.67, and a quick ratio of 1.33. The fifty day moving average price for RKLB is $4.6040 and a two-hundred day moving average price translates $4.9835 for the stock.

The latest earnings results from Rocket Lab USA Inc (NASDAQ: RKLB) was released for Sep, 2023. According to the Aerospace & Defense Company, earnings per share came in at -$0.08, beating analysts’ expectations of -$0.09 by 0.01. This compares to -$0.07 EPS in the same period last year. The net profit margin was -71.62% and return on equity was -26.52% for RKLB. The company reported revenue of $67.66 million for the quarter, compared to $63.06 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.3 percent. For the current quarter, analysts expect RKLB to generate $75.02M in revenue.

Rocket Lab USA Inc(RKLB) Company Profile

Rocket Lab USA, Inc., a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets. It also designs, manufactures, and sells Electron small orbital launch vehicles and the Photon satellite platforms, as well as developing the Neutron 8-ton payload class launch vehicle; conducts remote launch activities; and designs and manufactures a range of components and subsystems for the Photon family of spacecraft and broader merchant spacecraft components. The company serves commercial, aerospace prime contractors, and government customers. Rocket Lab USA, Inc. was founded in 2006 and is headquartered in Long Beach, California.