Rocket Lab USA Inc (NASDAQ:RKLB) shares traded 10.14% higher at $21.07 on Wall Street last session.
RKLB stock price is now -0.79% away from the 50-day moving average and 33.30% away from the 200-day moving average. The market capitalization of the company currently stands at $9.56B.
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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, Klein Frank, Chief Operations Officer sold 44,553 shares of the company’s stock on Mar 14 ’25. The stock was sold for $810,036 at an average price of $18.18. Upon completion of the transaction, the Chief Operations Officer now directly owns 1,419,479 shares in the company, valued at $29.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 17 ’25, Chief Operations Officer Klein Frank sold 1,835 shares of the business’s stock. A total of $36,572 was realized by selling the stock at an average price of $19.93. This leaves the insider owning 1,417,644 shares of the company worth $29.87 million. A total of 18.13% 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 $21.2379 and a two-hundred day moving average price translates $15.806025 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. For the current quarter, analysts expect RKLB to generate $121.49M in revenue.
