Rocket Lab USA (RKLB) Projected to Post Earnings on Thursday

Rocket Lab USA (NASDAQ:RKLB) is projected to post its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect Rocket Lab USA to post earnings of ($0.09) per share and revenue of $130.57 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Rocket Lab USA Stock Down 6.5 %

Shares of Rocket Lab USA stock opened at $25.93 on Thursday. Rocket Lab USA has a one year low of $3.47 and a one year high of $33.34. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.58 and a quick ratio of 2.16. The stock’s 50-day moving average is $27.05 and its 200 day moving average is $17.08. The firm has a market cap of $12.96 billion, a price-to-earnings ratio of -70.08 and a beta of 1.99.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. TD Cowen upgraded Rocket Lab USA to a “strong-buy” rating in a report on Thursday, December 19th. Cantor Fitzgerald increased their target price on shares of Rocket Lab USA from $7.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Citigroup increased their price objective on shares of Rocket Lab USA from $22.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Bank of America increased their price objective on shares of Rocket Lab USA from $10.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, KeyCorp increased their price target on Rocket Lab USA from $27.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.28.

Insider Activity

In other news, Director Alexander R. Slusky sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $23.00, for a total value of $1,150,000.00. Following the transaction, the director now owns 534,675 shares in the company, valued at $12,297,525. The trade was a 8.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Arjun Kampani sold 28,562 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $24.15, for a total value of $689,772.30. Following the completion of the transaction, the general counsel now directly owns 608,996 shares of the company’s stock, valued at approximately $14,707,253.40. This represents a 4.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 124,530 shares of company stock worth $2,944,700 over the last 90 days. 13.70% of the stock is currently owned by corporate insiders.

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.