The price of Rocket Lab USA Inc (NASDAQ:RKLB) shares last traded on Wall Street fell -1.57% to $5.63.
RKLB stock price is now 23.98% away from the 50-day moving average and 26.21% away from the 200-day moving average. The market capitalization of the company currently stands at $2.77B.
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With the price target reduced from $8 to $6, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for Rocket Lab USA Inc (NASDAQ: RKLB). , while ‘Goldman’ rates the stock as ‘Neutral’
In other news, Spice Adam C., Chief Financial Officer sold 63,529 shares of the company’s stock on May 24 ’24. The stock was sold for $267,902 at an average price of $4.22. Upon completion of the transaction, the Chief Financial Officer now directly owns 1,383,677 shares in the company, valued at $7.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 24 ’24, General Counsel Kampani Arjun sold 29,026 shares of the business’s stock. A total of $122,403 was realized by selling the stock at an average price of $4.22. This leaves the insider owning 666,121 shares of the company worth $3.75 million. A total of 38.96% 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 fifty day moving average price for RKLB is $4.5746 and a two-hundred day moving average price translates $4.46735 for the stock.
The latest earnings results from Rocket Lab USA Inc (NASDAQ: RKLB) was released for 2024-03-31. 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.
