Rocket Lab USA, Inc. (NASDAQ:RKLB – Get Free Report)’s stock price was up 6.5% during mid-day trading on Thursday after KeyCorp raised their price target on the stock from $11.00 to $12.00. KeyCorp currently has an overweight rating on the stock. Rocket Lab USA traded as high as $11.64 and last traded at $11.62. Approximately 1,987,412 shares traded hands during trading, a decline of 80% from the average daily volume of 9,827,954 shares. The stock had previously closed at $10.91.
Several other research analysts also recently issued reports on the company. The Goldman Sachs Group lifted their price target on Rocket Lab USA from $4.50 to $5.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Cantor Fitzgerald reissued an “overweight” rating and issued a $7.00 target price on shares of Rocket Lab USA in a research note on Monday, September 30th. BTIG Research assumed coverage on shares of Rocket Lab USA in a research note on Wednesday, June 26th. They issued a “neutral” rating for the company. Citigroup boosted their target price on shares of Rocket Lab USA from $5.45 to $7.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Finally, JMP Securities began coverage on shares of Rocket Lab USA in a research note on Thursday, September 12th. They issued a “market perform” rating for the company. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Rocket Lab USA has a consensus rating of “Hold” and a consensus target price of $6.89.
Read Our Latest Research Report on Rocket Lab USA
Insider Buying and Selling at Rocket Lab USA
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Allworth Financial LP grew its holdings in Rocket Lab USA by 1,827.6% during the third quarter. Allworth Financial LP now owns 9,484 shares of the rocket manufacturer’s stock worth $92,000 after acquiring an additional 8,992 shares during the period. International Assets Investment Management LLC boosted its position in shares of Rocket Lab USA by 934.5% in the 3rd quarter. International Assets Investment Management LLC now owns 98,176 shares of the rocket manufacturer’s stock valued at $10,090,000 after purchasing an additional 88,686 shares during the period. Foundations Investment Advisors LLC acquired a new position in shares of Rocket Lab USA in the 3rd quarter valued at $140,000. Venture Visionary Partners LLC acquired a new position in shares of Rocket Lab USA in the 3rd quarter valued at $886,000. Finally, Tamar Securities LLC acquired a new position in shares of Rocket Lab USA in the 3rd quarter valued at $108,000. 71.78% of the stock is owned by institutional investors and hedge funds.
Rocket Lab USA Price Performance
The company has a current ratio of 2.82, a quick ratio of 2.43 and a debt-to-equity ratio of 0.90. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of -33.20 and a beta of 1.32. The stock has a 50-day moving average of $8.04 and a two-hundred day moving average of $5.75.
Rocket Lab USA (NASDAQ:RKLB – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The rocket manufacturer reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. Rocket Lab USA had a negative return on equity of 34.12% and a negative net margin of 54.17%. The firm had revenue of $106.25 million during the quarter, compared to analyst estimates of $105.47 million. During the same period last year, the company posted ($0.10) EPS. The business’s quarterly revenue was up 71.2% compared to the same quarter last year. On average, analysts anticipate that Rocket Lab USA, Inc. will post -0.39 EPS for the current year.
About Rocket Lab USA
Rocket Lab USA, Inc, a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.
Featured Stories
- Five stocks we like better than Rocket Lab USA
- What Are Dividends? Buy the Best Dividend Stocks
- A $1.75 Billion Gamble: Can Lucid Ignite Growth?
- 5 Top Rated Dividend Stocks to Consider
- The Rally in Lockheed Martin and RTX Can Continue: Here’s Why
- Russell 2000 Index, How Investors Use it For Profitable Trading
- 3 Undervalued Technology Stocks With Big Rebound Potential
Receive News & Ratings for Rocket Lab USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocket Lab USA and related companies with MarketBeat.com's FREE daily email newsletter.