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

Rocket Lab USA (NASDAQ:RKLB - Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $130.57 million for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Rocket Lab USA Stock Performance

RKLB traded down $1.71 during trading on Friday, hitting $23.55. The stock had a trading volume of 16,180,700 shares, compared to its average volume of 17,805,348. The firm has a market capitalization of $11.77 billion, a P/E ratio of -63.65 and a beta of 1.99. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.16 and a current ratio of 2.58. Rocket Lab USA has a twelve month low of $3.47 and a twelve month high of $33.34. The company's 50-day moving average price is $27.09 and its 200 day moving average price is $17.36.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of Rocket Lab USA from $22.00 to $35.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Bank of America boosted their target price on Rocket Lab USA from $10.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. TD Cowen raised Rocket Lab USA to a "strong-buy" rating in a research note on Thursday, December 19th. Stifel Nicolaus lifted their price target on Rocket Lab USA from $26.00 to $31.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Finally, KeyCorp upped their price objective 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 equities research 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. Based on data from MarketBeat, Rocket Lab USA currently has an average rating of "Moderate Buy" and a consensus price target of $22.28.

Insider Buying and Selling

In other Rocket Lab USA news, General Counsel Arjun Kampani sold 28,562 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $24.15, for a total value of $689,772.30. Following the sale, the general counsel now owns 608,996 shares of the company's stock, valued at $14,707,253.40. This represents a 4.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alexander R. Slusky sold 50,000 shares of the firm'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 transaction of $1,150,000.00. Following the transaction, the director now directly owns 534,675 shares of the company's stock, valued at approximately $12,297,525. This trade represents a 8.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,530 shares of company stock valued at $2,944,700. 13.70% of the stock is owned by insiders.

Rocket Lab USA Company Profile

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.