Rocket Lab USA (NASDAQ:RKLB) Trading Up 7.1% - Should You Buy?

Rocket Lab USA, Inc. (NASDAQ:RKLB - Get Free Report)'s stock price rose 7.1% on Friday . The company traded as high as $18.60 and last traded at $18.82. Approximately 4,672,951 shares traded hands during trading, a decline of 68% from the average daily volume of 14,404,912 shares. The stock had previously closed at $17.57.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RKLB. Citigroup reduced their price objective on shares of Rocket Lab USA from $35.00 to $33.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Stifel Nicolaus upped their price target on shares of Rocket Lab USA from $26.00 to $31.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Wells Fargo & Company dropped their price objective on Rocket Lab USA from $22.00 to $21.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. The Goldman Sachs Group upped their target price on Rocket Lab USA from $12.00 to $13.50 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. Finally, KeyCorp dropped their price target on Rocket Lab USA from $32.00 to $28.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $23.06.

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Rocket Lab USA Stock Performance

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 company has a 50 day simple moving average of $25.10 and a 200-day simple moving average of $18.84. The firm has a market cap of $8.68 billion, a PE ratio of -51.78 and a beta of 2.06.

Rocket Lab USA (NASDAQ:RKLB - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The rocket manufacturer reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The company had revenue of $132.39 million during the quarter, compared to analysts' expectations of $130.58 million. Rocket Lab USA had a negative return on equity of 39.47% and a negative net margin of 51.76%. As a group, equities research analysts anticipate that Rocket Lab USA, Inc. will post -0.38 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Spectrum Wealth Counsel LLC purchased a new position in shares of Rocket Lab USA during the fourth quarter valued at approximately $25,000. Sandy Spring Bank bought a new position in Rocket Lab USA in the 4th quarter worth $26,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Rocket Lab USA in the 4th quarter worth about $40,000. Quarry LP bought a new stake in shares of Rocket Lab USA during the 4th quarter valued at about $48,000. Finally, NewEdge Advisors LLC increased its position in shares of Rocket Lab USA by 1,000.0% during the fourth quarter. NewEdge Advisors LLC now owns 1,925 shares of the rocket manufacturer's stock valued at $49,000 after buying an additional 1,750 shares during the period. Institutional investors own 71.78% of the company's stock.

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.