The stock of Rocket Lab USA Inc (NASDAQ:RKLB) last traded at $17.12, down -8.94% from the previous session.
RKLB stock price is now -33.69% away from the 50-day moving average and 22.67% away from the 200-day moving average. The market capitalization of the company currently stands at $7.76B.
On July 15, 2024, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock reducing its target price from $8 to quote $6, while ‘BTIG Research’ rates the stock as ‘Neutral’
In other news, Armagno Nina, Director sold 10,000 shares of the company’s stock on Dec 11 ’24. The stock was sold for $236,345 at an average price of $23.63. Upon completion of the transaction, the Director now directly owns 132,294 shares in the company, valued at $2.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 11 ’24, Director NINA ARMAGNO bought 10,000 shares of the business’s stock. A total of $236,345 was incurred on buying the stock at an average price of $23.63. A total of 18.16% of the company’s stock is owned by insiders.
During the past 12 months, Rocket Lab USA Inc has had a low of $3.47 and a high of $33.34. As of last week, the company has a debt-to-equity ratio of 1.24, a current ratio of 2.04, and a quick ratio of 1.69.
The net profit margin was -43.60% and return on equity was -40.59% for RKLB. The company reported revenue of $132.39 million for the quarter, compared to $59.99 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 120.68 percent.
