Rocket Lab (NASDAQ:RKLB) Reaches New 52-Week High – Still a Buy?

Shares of Rocket Lab Corporation (NASDAQ:RKLB) reached a new 52-week high during trading on Thursday . The stock traded as high as $68.53 and last traded at $65.31, with a volume of 36074930 shares changing hands. The stock had previously closed at $61.51.

Wall Street Analysts Forecast Growth

Several research firms have commented on RKLB. Stifel Nicolaus raised their target price on shares of Rocket Lab from $34.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Citigroup restated a “buy” rating and set a $50.00 target price (up from $33.00) on shares of Rocket Lab in a research note on Monday, July 14th. KeyCorp upped their target price on Rocket Lab from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $55.00 price target on shares of Rocket Lab in a report on Wednesday, September 3rd. Finally, Bank of America boosted their price target on Rocket Lab from $30.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Rocket Lab presently has an average rating of “Moderate Buy” and an average price target of $42.27.

Rocket Lab Stock Down 3.3%

The firm’s fifty day moving average price is $48.41 and its 200-day moving average price is $35.60. The company has a market capitalization of $31.10 billion, a price-to-earnings ratio of -142.80 and a beta of 2.14. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.67 and a quick ratio of 2.33.

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

Insiders Place Their Bets

In other Rocket Lab news, insider Frank Klein sold 45,535 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 1,320,291 shares in the company, valued at approximately $64,654,650.27. This represents a 3.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Adam C. Spice sold 874,588 shares of the business’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $48.01, for a total transaction of $41,988,969.88. Following the completion of the sale, the chief financial officer directly owned 2,057,889 shares in the company, valued at approximately $98,799,250.89. This represents a 29.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,406,361 shares of company stock worth $267,483,973 over the last quarter. 11.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Truist Financial Corp raised its position in shares of Rocket Lab by 1.9% during the second quarter. Truist Financial Corp now owns 12,352 shares of the rocket manufacturer’s stock worth $442,000 after acquiring an additional 234 shares during the last quarter. Parvin Asset Management LLC increased its position in Rocket Lab by 7.2% during the 2nd quarter. Parvin Asset Management LLC now owns 3,725 shares of the rocket manufacturer’s stock valued at $133,000 after purchasing an additional 250 shares during the period. GAMMA Investing LLC increased its position in Rocket Lab by 36.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer’s stock valued at $54,000 after purchasing an additional 405 shares during the period. EverSource Wealth Advisors LLC increased its position in Rocket Lab by 109.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock valued at $28,000 after purchasing an additional 416 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of Rocket Lab by 4.0% in the 1st quarter. Allworth Financial LP now owns 11,888 shares of the rocket manufacturer’s stock valued at $213,000 after purchasing an additional 458 shares during the last quarter. 71.78% of the stock is owned by institutional investors and hedge funds.

About Rocket Lab

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.