Does Rocket Lab Corporation (RKLB) have what it takes to be a top stock pick for momentum investors? Let's find out.
Rocket Lab USA NASDAQ: RKLB has gone from strength to strength over the past year, cementing its position as one of the most dominant players in the space launch and infrastructure industry, second only to SpaceX. The company's stock has been on an absolute tear, surging 141% year-to-date and nearly 560% over the past 12 months, a staggering return that has turned early believers into big winners.
Shares of Rocket Lab (RKLB) traded at a record high when the satellite launch provider announced details about several planned missions.
Rocket Lab (RKLB -0.86%) is one of the best performing stocks of the last few years. Trading at a price of just $4 or $5 in early 2024, the stock has now shot up around 10x in value in the last 18 months, surpassing a price of $50.
Over the past 52 weeks, two stocks in the industrials sector have seen their values absolutely skyrocket. As of the Sept.
In the most recent trading session, Rocket Lab Corporation (RKLB) closed at $48.69, indicating a -7.98% shift from the previous trading day.
Welcome to the Green Stock News brief for Tuesday September 23rd. Here are today's top headlines: Rocket Lab (NASDAQ: RKLB) delivered its twin Explorer-class spacecraft, Blue and Gold, to Kennedy Space Center for NASA's ESCAPADE mission, which will study how the solar wind strips Mars' atmosphere.
Rocket Lab's stock (NASDAQ: RKLB) trended lower following the company's announcement to raise $750 million through equity dilution. This move, which increases the total number of shares, often concerns investors because it can negatively impact a company's earnings per share.
Rocket Lab USA Inc (NASDAQ:RKLB) (Nasdaq: RKLB) shares fell 10% to $48.48 in midday trading on Tuesday after the provider of launch services and space systems revealed in a Securities and Exchange Commission (SEC) filing that it has entered into a new at-the-market (ATM) equity offering arrangement under which it could raise up to $750 million by selling company shares from time to time. The offering replaces a previous $500 million agreement, under which $396.6 million of company shares were already sold.
Rocket Lab has delivered a 780% return in under 14 months, validating my initial bullish thesis despite my personal decision not to invest. The company stands out as an end-to-end space services provider, benefiting from a rapidly expanding space economy and strong government/defense relationships. Financials are robust: 36% YoY revenue growth, strong gross margins, a $1B backlog, and a healthy balance sheet despite ongoing losses.
There's simply no slowing down the rise of Rocket Lab USA, Inc. NASDAQ: RKLB. After a brief pullback from its 52-week high, shares of the aerospace and defense company tested support near $40 before regaining momentum and pushing back toward a key breakout level at $50.
RKLB doubles down on semiconductor production to strengthen its role in space and defense technologies.