Rocket Lab USA Inc (NASDAQ:RKLB) shares traded 1.22% higher at $4.16 on Wall Street last session.
RKLB stock price is now 4.60% away from the 50-day moving average and -12.35% away from the 200-day moving average. The market capitalization of the company currently stands at $2.05B.
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On January 17, 2024, KeyBanc Capital Markets recently initiated its ‘Overweight’ rating on the stock quoting a target price of $8, while ‘Cantor Fitzgerald’ rates the stock as ‘Overweight’
In other news, Spice Adam C., Chief Financial Officer sold 67,160 shares of the company’s stock on Mar 05 ’24. The stock was sold for $285,631 at an average price of $4.25. Upon completion of the transaction, the Chief Financial Officer now directly owns 1,442,206 shares in the company, valued at $6.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 05 ’24, General Counsel Kampani Arjun sold 31,394 shares of the business’s stock. A total of $133,519 was realized by selling the stock at an average price of $4.25. This leaves the insider owning 695,147 shares of the company worth $2.89 million. A total of 41.53% 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 $8.05. As of last week, the company has a debt-to-equity ratio of 1.00, a current ratio of 3.12, and a quick ratio of 2.69.
The net profit margin was -64.15% and return on equity was -32.39% for RKLB. The company reported revenue of $92.77 million for the quarter, compared to $54.9 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 68.99 percent.
