The Vanguard Group, Inc. has recently announced that it has increased stake in Rocket Lab USA Inc (NASDAQ:RKLB) by 4.32%. After grabbing 25.29 million shares, the institutional investor is now in possession of 1.05 million shares of the Industrials Company. The new investment brought the stake of investor firm to 5.21% having worth around $139.85 million. Moreover, BlackRock Fund Advisors increased its share by 1.14 million to have a control over 20.83 million shares. And SSgA Funds Management, Inc. raised its holdings to 3.28 million shares by acquiring 16.63 million shares or 3.42% of the stake.
Rocket Lab USA Inc (RKLB) concluded trading on Wednesday at a closing price of $5.03, with 3.37 million shares of worth about $16.95 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -33.99% during that period and On Wednesday, January 24 the price saw a loss of about -0.98%. Currently the company’s common shares owned by public are about 475.36M shares, out of which, 294.30M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 23 times over the past 12 months. They bought 435,297 shares in 10 of the transactions. In 13 selling transactions, insiders dumped 4,136,719 shares.
SPDR S&P Aerospace & Defense ETF, Vanguard Total Stock Market ETF, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Rocket Lab USA Inc SPDR S&P Aerospace & Defense ETF is currently holding 11.8 million shares of worth totaling $65.25 million. The company recently came buying 0.0 shares which brought its stake up to 2.43% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 29022.0 shares, after which its hold over company’s outstanding shares expand to 1.72%, leaving 8.35 million shares with the mutual fund that have a worth of about $46.19 million. iShares Russell 2000 ETF, after selling 7.52 million shares, have now control over 1.55% of the stake in the company. It holds 19890.0 shares of worth $41.56 million.
However, the stock later moved at a day high price of 5.24, or with a loss of -0.98%. Stock saw a price change of 2.24% in past 5 days and over the past one month there was a price change of 13.54%. Year-to-date (YTD), RKLB shares are showing a performance of -9.04% which increased to 4.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.62 but also hit the highest price of $8.05 during that period. The average intraday trading volume for Rocket Lab USA Inc shares is 5.98 million. The stock is currently trading -4.91% below its 20-day simple moving average (SMA20), while that difference is up 4.81% for SMA50 and it goes to -1.20% lower than SMA200.
The Vanguard Group, Inc. acquired 25.29 million shares of Rocket Lab USA Inc having value of about $139.85 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 1.05 million shares in the company valued at close to $5272063.72, or have control over 4.32% stake in the company. Rocket Lab USA Inc (NASDAQ: RKLB) currently have 475.36M outstanding shares and institutions hold larger chunk of about 30.40% of that. Holding of mutual funds in the company is about 17.18% while other institutional holders and individual stake holders have control over 27.84% and 13.29% of the stake respectively.
The stock has a current market capitalization of $2.44B and its 3Y-monthly beta is at 1.25. It has posted earnings per share of -$0.35 in the same period. It has Quick Ratio of 1.33 while making debt-to-equity ratio of 0.28. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RKLB, volatility over the week remained 4.82% while standing at 5.95% over the month.
Analysts are in expectations that Rocket Lab USA Inc (RKLB) stock would likely to be making an EPS of -$0.1 in the current quarter, while forecast for next quarter EPS is -$0.09 and it is -$0.29 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.1 which is -$0.09 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.08 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 19.07% while it is estimated to decrease by -8.48% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by KeyBanc Capital Markets on January 17, 2024 offering an Overweight rating for the stock and assigned a target price of $8 to it.
