Rocket Lab Corp (RKLB) saw an uptrend of 10.14% in the recent trading with $53.34 being its most recent. The current price level -0.19% lower than the highest price of $53.44 marked by the stock while trading over the past 52-weeks, whereas it is 704.52% higher than the lowest price of $6.63 the company dropped to over past 52-weeks. The latest news story on RKLB appeared in (Insider Monkey) under the title “Rocket Lab (RKLB) Touches Fresh High Ahead of Rocket Launch”.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 9 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.81 for the stock.
Rocket Lab Corp Earnings – What Happened With RKLB
Coming around sales and income figures on RKLB Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Rocket Lab Corp (RKLB) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of 13.17% for net revenue.
RKLB – Rocket Lab Corp Stock Earnings Estimates
The perspective of Rocket Lab Corp (NASDAQ:RKLB)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.08 for stock’s EPS in the current quarter. Rocket Lab Corp (RKLB) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of 13.17% for net revenue. Company’s EPS for the last quarter was -0.07.
Rocket Lab Corp – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 479.33 million. RKLB does have institutional investors; and they hold 49.20% of the stock.
As on 2024-06-30, VK SERVICES, LLC was the top most holder in Rocket Lab Corp (NASDAQ:RKLB) with an ownership of 52.03 million shares of the company or 10.5278 of the stake worth $249.73 million. The filing also reveals DEER MANAGEMENT CO. LLC as the second largest holder in the company with a control over 8.2435 of the outstanding shares. Its stake is worth $195.55 million for having 40.74 million shares in hand.
VANGUARD GROUP INC also came holding a key position in the company during the recent quarter and it now holds 6.3216 of the outstanding shares. With this there are now 661.0 institutions which have possession in RKLB’s shares.
Key Metrics for RKLB
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Rocket Lab Corp has a debt to equity ratio of 0.72.
