The price of Rocket Lab USA Inc (NASDAQ:RKLB) shares last traded on Wall Street rose 1.87% to $11.47.
RKLB stock price is now 36.13% away from the 50-day moving average and 108.32% away from the 200-day moving average. The market capitalization of the company currently stands at $5.70B.
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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, GRIFFIN MICHAEL D, Director sold 39,446 shares of the company’s stock on Aug 22 ’24. The stock was sold for $272,177 at an average price of $6.90. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 22 ’24, Chief Financial Officer Spice Adam C. sold 62,512 shares of the business’s stock. A total of $435,084 was realized by selling the stock at an average price of $6.96. This leaves the insider owning 1,321,165 shares of the company worth $15.15 million. A total of 37.73% 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 $12.09. As of last week, the company has a debt-to-equity ratio of 1.04, a current ratio of 2.82, and a quick ratio of 2.43. The fifty day moving average price for RKLB is $8.426 and a two-hundred day moving average price translates $5.505875 for the stock.
The latest earnings results from Rocket Lab USA Inc (NASDAQ: RKLB) was released for 2024-06-30. The net profit margin was -54.17% and return on equity was -33.19% for RKLB. The company reported revenue of $106.25 million for the quarter, compared to $62.05 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 71.25 percent.
