Should You Buy Rocket Lab USA While It's Below $24?
Rocket Lab USA (NASDAQ: RKLB) has been on an incredible run, with its stock skyrocketing some 400% in the past year. The rocket company recently celebrated a record year for launches, solidifying its position as the second-most-utilized launch service in the U.S., right behind the industry giant SpaceX.The company plans to debut a larger rocket this year, which has the potential to enhance its profit margins and boost earnings significantly. However, there's been a slight delay in the launch timeline, leading to a dip in the stock price in recent weeks. Currently, shares are 39% off their peak.With the stock down in recent weeks, now may be an opportune moment for investors to jump in and grab some shares. Here's what investors need to know and what to expect next from Rocket Lab USA.Continue reading
Rocket Lab USA (NASDAQ: RKLB) has been on an incredible run, with its stock skyrocketing some 400% in the past year. The rocket company recently celebrated a record year for launches, solidifying its position as the second-most-utilized launch service in the U.S., right behind the industry giant SpaceX.
The company plans to debut a larger rocket this year, which has the potential to enhance its profit margins and boost earnings significantly. However, there's been a slight delay in the launch timeline, leading to a dip in the stock price in recent weeks. Currently, shares are 39% off their peak.
With the stock down in recent weeks, now may be an opportune moment for investors to jump in and grab some shares. Here's what investors need to know and what to expect next from Rocket Lab USA.
