In yesterday’s Wall Street session, Rocket Lab USA Inc (NASDAQ:RKLB) shares traded at $24.06, up 3.44% from the previous session.
RKLB stock price is now 97.88% away from the 50-day moving average and 263.74% away from the 200-day moving average. The market capitalization of the company currently stands at $12.48B.
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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, Spice Adam C., Officer bought 62,511 shares of the company’s stock on Nov 25 ’24. The stock was bought for $1,509,366 at an average price of $24.15. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 25 ’24, Officer Klein Frank bought 35,968 shares of the business’s stock. A total of $868,469 was incurred on buying the stock at an average price of $24.15. A total of 28.76% 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 $23.81. As of last week, the company has a debt-to-equity ratio of 1.12, a current ratio of 2.58, and a quick ratio of 2.16. The fifty day moving average price for RKLB is $11.825 and a two-hundred day moving average price translates $6.51605 for the stock.
The latest earnings results from Rocket Lab USA Inc (NASDAQ: RKLB) was released for 2024-09-30. The net profit margin was -51.76% and return on equity was -37.45% for RKLB. The company reported revenue of $104.81 million for the quarter, compared to $67.66 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 54.9 percent.
