Rocket Lab USA, Inc. (NASDAQ:RKLB – Get Rating) Director Michael D. Griffin sold 50,689 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $4.40, for a total transaction of $223,031.60. Following the sale, the director now directly owns 88,779 shares in the company, valued at $390,627.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Rocket Lab USA Trading Up 0.4 %
Shares of Rocket Lab USA stock opened at $4.67 on Friday. The firm has a 50-day simple moving average of $3.99 and a two-hundred day simple moving average of $4.32. Rocket Lab USA, Inc. has a fifty-two week low of $3.48 and a fifty-two week high of $7.29. The company has a current ratio of 3.22, a quick ratio of 2.72 and a debt-to-equity ratio of 0.18.
Rocket Lab USA (NASDAQ:RKLB – Get Rating) last issued its quarterly earnings data on Tuesday, February 28th. The rocket manufacturer reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The firm had revenue of $51.76 million during the quarter, compared to analyst estimates of $46.76 million. Rocket Lab USA had a negative return on equity of 22.79% and a negative net margin of 68.77%. Equities research analysts forecast that Rocket Lab USA, Inc. will post -0.35 earnings per share for the current year.
Institutional Inflows and Outflows
Analyst Ratings Changes
Several research firms have commented on RKLB. Wells Fargo & Company lowered their price target on shares of Rocket Lab USA from $5.75 to $5.50 and set an “equal weight” rating on the stock in a report on Monday, March 6th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Rocket Lab USA from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, March 7th. Finally, Citigroup began coverage on shares of Rocket Lab USA in a report on Tuesday, April 18th. They issued a “neutral” rating and a $4.55 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $8.45.
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 engineering and 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.
- Get a free copy of the StockNews.com research report on Rocket Lab USA (RKLB)
- MarketBeat Week in Review – 5/15 – 5/19
- Applied Materials: Cracks In The Chip Recovery Or Time To Buy?
- Deere & Company Rallies On Farm Equipment Boom, Bullish Outlook
- How Many Roth IRAs Can You Have?
- Why You Should Consider Buying Nvidia Ahead Of Earnings
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.