RKLB
Rocket Lab (NASDAQ: RKLB) fell about 14% on Monday after a strong spring rally left investors more cautious...
Article Summary
HOLD- Rocket Lab (NASDAQ: RKLB) fell about 14% on Monday after a strong spring rally left investors more cautious about the space stock's valuation.
- Rocket Lab was down 13.93% at $123 around midday even though the stock was still up about 79% for the year, caught up in a broader pullback across the space sector at the start of June.
- Barron's said the group lost ground after a sharp run with several names falling between 9% and 13% as traders took profits and reassessed the pace of recent advance.
- Rocket Lab said on May 7 that first-quarter revenue reached $200.3 million and it had signed record new launch contracts, but the latest move suggests investors were more focused on valuation pressure than those gains.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 45.8% | 25% | 95.0 ptsOutstanding (45.8%) - Very strong |
| EPS Growth Next 5Y ? | 0.0% | 25% | 10.0 ptsVery Weak (0.0%) - Minimal expectations |
| Target Price Upside ? | 14.2% above | 20% | 0.0 ptsAbove Target (14.2% above) - Target: $105.00 vs Current: $122.39 |
| Gross Margin % ? | 33.8% | 15% | 40.0 ptsModerate (33.8%) - Adequate margins |
| Drawdown from 52-Wk High ? | -19.0% | 15% | 40.0 ptsMild Pullback (-19.0%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About RKLB
- Rocket Lab Corporation, a space company, provides launch services and space systems solutions in the United States, Canada, Japan, and internationally.
- The company operates through launch services and space systems segments.
- The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, optical systems, and other spacecraft and on-orbit management solutions and constellation management services, as well as designs and manufactures small and medium-class rockets and develops flight and ground software.
- It also designs, manufactures, and sells Electron, an orbital small launch vehicle for small spacecraft launch services, as well as develops Neutron launch vehicles for large constellation deployments, interplanetary missions, and potentially for human spaceflight.
- In addition, the company designs and manufactures a range of components and subsystems for its launch vehicles and spacecraft.
- It serves commercial, aerospace prime contractors, and government customers.
- Rocket Lab Corporation was formerly known as Rocket Lab USA, Inc. and changed its name to Rocket Lab Corporation in August 2021.
- The company was founded in 2006 and is headquartered in Long Beach, California.