In Tuesday’s Wall Street session, Rocket Lab Corp (NASDAQ:RKLB) shares traded at $28.76, up 13.14% from the previous session.
RKLB stock price is now 36.39% away from the 50-day moving average and 57.25% away from the 200-day moving average. The market capitalization of the company currently stands at $13.27B.
With the price target of $28, Needham recently initiated with Buy rating for Rocket Lab Corp (NASDAQ: RKLB). , while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Klein Frank, Chief Operations Officer sold 44,553 shares of the company’s stock on Mar 14 ’25. The stock was sold for $810,036 at an average price of $18.18. Upon completion of the transaction, the Chief Operations Officer now directly owns 1,419,479 shares in the company, valued at $40.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 17 ’25, Chief Operations Officer Klein Frank sold 1,835 shares of the business’s stock. A total of $36,572 was realized by selling the stock at an average price of $19.93. This leaves the insider owning 1,417,644 shares of the company worth $40.77 million. A total of 18.19% of the company’s stock is owned by insiders.
During the past 12 months, Rocket Lab Corp has had a low of $4.15 and a high of $33.34. As of last week, the company has a debt-to-equity ratio of 1.14, a current ratio of 2.08, and a quick ratio of 1.72.
The net profit margin was -44.32% and return on equity was -45.38% for RKLB. The company reported revenue of $122.57 million for the quarter, compared to $92.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.13 percent.
