The price of Rocket Lab USA Inc (NASDAQ:RKLB) shares last traded on Wall Street rose 7.06% to $18.81.
RKLB stock price is now -25.06% away from the 50-day moving average and 32.16% away from the 200-day moving average. The market capitalization of the company currently stands at $8.53B.
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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, Kampani Arjun, Officer bought 7,740 shares of the company’s stock on Mar 14 ’25. The stock was bought for $140,723 at an average price of $18.18. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 14 ’25, Officer Klein Frank bought 44,553 shares of the business’s stock. A total of $810,031 was incurred on buying the stock at an average price of $18.18. A total of 18.16% 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 $33.34. As of last week, the company has a debt-to-equity ratio of 1.24, a current ratio of 2.04, and a quick ratio of 1.69. The fifty day moving average price for RKLB is $25.1011 and a two-hundred day moving average price translates $14.233125 for the stock.
The latest earnings results from Rocket Lab USA Inc (NASDAQ: RKLB) was released for 2024-12-31. The net profit margin was -43.60% and return on equity was -40.59% for RKLB. The company reported revenue of $132.39 million for the quarter, compared to $59.99 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 120.68 percent.
