The stock of Rocket Lab USA Inc (NASDAQ:RKLB) last traded at $25.90, up 6.06% from the previous session.
RKLB stock price is now 56.28% away from the 50-day moving average and 224.25% away from the 200-day moving average. The market capitalization of the company currently stands at $14.00B.
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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, NINA ARMAGNO, Director bought 10,000 shares of the company’s stock on Dec 11 ’24. The stock was bought for $236,345 at an average price of $23.63. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 02 ’24, Director Slusky Alexander R sold 50,000 shares of the business’s stock. A total of $1,214,230 was realized by selling the stock at an average price of $24.28. This leaves the insider owning 584,675 shares of the company worth $15.14 million. A total of 26.56% 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 $28.10. 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 $16.2511 and a two-hundred day moving average price translates $7.88075 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.
