With 15.06 million shares changed hands, the volume of the stock remained lighter than its average volume of 19.53 million shares. The 52-week range on RKLB shows that it touched its highest point at $33.34 and its lowest point at $3.47 during that stretch. It currently has a 1-year price target of $25.03. Beta for the stock currently stands at 2.11.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RKLB was down-trending over the past week, with a drop of -6.13%, but this was down by -34.95% over a month. Three-month performance dropped to -25.46% while six-month performance rose 206.88%. The stock gained 302.48% in the past year, while it has lost -30.00% so far this year. A look at the trailing 12-month EPS for RKLB yields -0.38 with Next year EPS estimates of -0.05. For the next quarter, that number is -0.10. This implies an EPS growth rate of 19.82% for this year and 84.98% for next year.
Float and Shares Shorts:
At present, 504.45 million RKLB shares are outstanding with a float of 371.17 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RKLB since 9 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.17301 being high and -$0.35513 being low. For RKLB, this leads to a yearly average estimate of -$0.3096. Based on analyst estimates, the high estimate for the next quarter is -$0.04 and the low estimate is -$0.11. The average estimate for the next quarter is thus -$0.07.
