Rocket Lab USA (NASDAQ:RKLB – Get Free Report) released its quarterly earnings results on Monday. The rocket manufacturer reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.02, Briefing.com reports. The firm had revenue of $92.80 million during the quarter, compared to the consensus estimate of $94.98 million. Rocket Lab USA had a negative net margin of 74.64% and a negative return on equity of 30.54%. Rocket Lab USA’s revenue for the quarter was up 69.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.10) EPS. Rocket Lab USA updated its Q2 2024 guidance to EPS.
Rocket Lab USA Stock Performance
NASDAQ:RKLB opened at $3.97 on Wednesday. The company has a quick ratio of 1.65, a current ratio of 2.13 and a debt-to-equity ratio of 0.19. Rocket Lab USA has a fifty-two week low of $3.47 and a fifty-two week high of $8.05. The stock has a market cap of $1.94 billion, a PE ratio of -10.45 and a beta of 1.18. The firm’s fifty day simple moving average is $3.99 and its 200-day simple moving average is $4.44.
Insider Transactions at Rocket Lab USA
In other news, CFO Adam C. Spice sold 67,160 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $4.25, for a total transaction of $285,430.00. Following the transaction, the chief financial officer now directly owns 1,442,206 shares of the company’s stock, valued at approximately $6,129,375.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Rocket Lab USA news, General Counsel Arjun Kampani sold 31,394 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $4.25, for a total value of $133,424.50. Following the sale, the general counsel now owns 695,147 shares of the company’s stock, valued at $2,954,374.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Adam C. Spice sold 67,160 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $4.25, for a total transaction of $285,430.00. Following the transaction, the chief financial officer now directly owns 1,442,206 shares of the company’s stock, valued at $6,129,375.50. The disclosure for this sale can be found here. Corporate insiders own 13.70% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Report on RKLB
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.
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