Currently, there are 475.36M common shares owned by the public and among those 287.10M shares have been available to trade.
Insiders at the company have transacted a total of 23 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 10 of these insider trades were purchases, accounting for 435,297 shares. Insider sales of the common stock occurred on 13 occasions, with total insider shares sold totaling 4,136,719 shares.
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However, the script later moved the day high at 5.0968, down -1.23%. The company’s stock has a 5-day price change of 2.33% and 14.45% over the past three months. RKLB shares are trading -12.66% year to date (YTD), with the 12-month market performance down to -2.82% lower. It has a 12-month low price of $3.62 and touched a high of $8.05 over the same period. RKLB has an average intraday trading volume of 8.37 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.98%, -1.23%, and -6.21% respectively.
Institutional ownership of Rocket Lab USA Inc (NASDAQ: RKLB) shares accounts for 26.23% of the company’s 475.36M shares outstanding.
It has a market capitalization of $2.35B and a beta (3y monthly) value of 1.25. The earnings-per-share (ttm) stands at -$0.35. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.46% over the week and 5.50% over the month.
The lowest estimate earnings-per-share for the quarter is $RGLB while analysts give the company a high EPS estimate of $ROCKELLE CORP. Comparatively, EPS for the current quarter was $RKLBW a year ago. Earnings per share for the fiscal year are expected to increase by 17.56%, and -12.40% over the next financial year.
Looking at the support for the RKLB, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on February 12, 2024, with the firm’s price target at $6. KeyBanc Capital Markets coverage for the Rocket Lab USA Inc (RKLB) stock in a research note released on January 17, 2024 offered a Overweight rating with a price target of $8. Cantor Fitzgerald was of a view on October 26, 2023 that the stock is Overweight, while Citigroup gave the stock Neutral rating on April 18, 2023, issuing a price target of $4.55. Credit Suisse on their part issued Underperform rating on October 12, 2022.
