In yesterday’s Wall Street session, Rocket Lab USA Inc (NASDAQ:RKLB) shares traded at $24.16, down -11.46% from the previous session.
RKLB stock price is now 77.21% away from the 50-day moving average and 243.45% away from the 200-day moving average. The market capitalization of the company currently stands at $12.83B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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, Saintil Merline, Director sold 50,000 shares of the company’s stock on Nov 26 ’24. The stock was sold for $1,277,475 at an average price of $25.55. Upon completion of the transaction, the Director now directly owns 432,275 shares in the company, valued at $10.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 25 ’24, Chief Financial Officer Spice Adam C. sold 62,511 shares of the business’s stock. A total of $1,509,366 was realized by selling the stock at an average price of $24.15. This leaves the insider owning 1,259,522 shares of the company worth $30.43 million. A total of 28.71% 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 $28.05. 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 $13.2974 and a two-hundred day moving average price translates $6.9368 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.
