Rocket Lab (NASDAQ:RKLB) Hits New 52-Week High – Here’s Why

Rocket Lab Corporation (NASDAQ:RKLB) shares hit a new 52-week high on Friday . The company traded as high as $55.24 and last traded at $55.23, with a volume of 18228844 shares trading hands. The stock had previously closed at $52.47.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Craig Hallum assumed coverage on Rocket Lab in a report on Monday, July 28th. They set a “hold” rating and a $51.00 price objective for the company. Citigroup reaffirmed a “buy” rating and issued a $50.00 price objective (up from $33.00) on shares of Rocket Lab in a research note on Monday, July 14th. Stifel Nicolaus boosted their target price on Rocket Lab from $34.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Roth Capital restated a “buy” rating on shares of Rocket Lab in a report on Friday, August 29th. Finally, Bank of America lifted their price target on shares of Rocket Lab from $30.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.27.

Rocket Lab Trading Up 7.0%

The company has a market cap of $27.18 billion, a P/E ratio of -124.80 and a beta of 2.14. The business has a fifty day simple moving average of $46.61 and a 200 day simple moving average of $34.20. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.67.

Rocket Lab (NASDAQ:RKLB) last posted its quarterly earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). Rocket Lab had a negative net margin of 45.87% and a negative return on equity of 48.14%. The firm had revenue of $144.50 million for the quarter, compared to analyst estimates of $135.42 million. During the same period in the prior year, the company posted ($0.08) earnings per share. The business’s revenue was up 35.9% on a year-over-year basis. Rocket Lab has set its Q3 2025 guidance at EPS. Analysts anticipate that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Rocket Lab news, insider Frank Klein sold 45,535 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $48.97, for a total value of $2,229,848.95. Following the transaction, the insider owned 1,320,291 shares of the company’s stock, valued at $64,654,650.27. This trade represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Adam C. Spice sold 874,588 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $48.01, for a total value of $41,988,969.88. Following the transaction, the chief financial officer directly owned 2,057,889 shares of the company’s stock, valued at $98,799,250.89. This trade represents a 29.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,406,361 shares of company stock worth $267,483,973. Company insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Rocket Lab by 10.6% in the first quarter. Vanguard Group Inc. now owns 40,029,546 shares of the rocket manufacturer’s stock worth $715,728,000 after buying an additional 3,833,969 shares during the period. Invesco Ltd. grew its position in shares of Rocket Lab by 67.0% during the second quarter. Invesco Ltd. now owns 6,242,304 shares of the rocket manufacturer’s stock worth $223,287,000 after acquiring an additional 2,504,054 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Rocket Lab in the 2nd quarter worth about $192,918,000. Norges Bank acquired a new stake in shares of Rocket Lab in the 2nd quarter worth about $164,751,000. Finally, Westfield Capital Management Co. LP lifted its position in Rocket Lab by 2.6% in the 1st quarter. Westfield Capital Management Co. LP now owns 2,586,532 shares of the rocket manufacturer’s stock valued at $46,247,000 after purchasing an additional 65,255 shares during the last quarter. 71.78% of the stock is currently owned by institutional investors.

Rocket Lab 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.