Stock Analysis Rocket Lab
(Author Ryan Cerfus https://twitter.com/Ryancerfus)
Rocket Lab is a space company that was established in 2006 and they are a leader in launch services and space systems. They are a growing name in the space industry and are a SPAC. Yes, I said SPAC! I know SPACS have been dead for some time, but this one has great potential and keeps making moves to make it grow as a company.
On the 19th of October, Rocket Lab announced that it will introduce helicopter operations during next launch. They are on a mission to make their Electron rocket the first reusable orbital launch vehicle dedicated to small satellites.
Rocket Lab has recently acquired a Space software company, Advanced Solutions Inc which was announced on October 12th. Rocket lab keeps winning space contracts and has been selected to launch NASAS Advanced Composite Solar Sail System.
Fundamentally, they are not cashflow positive, but their Revenues keep increasing every quarter which is a positive sign.
From a technical stand point, this company is still consolidating and has been for the last three weeks. The stock reached a 12.42 last week and bounced and is back over 13. I would like to see this stock reclaim the 50 and 20 SMA. I believe with earnings coming up in the second week of November and a two-week mission launch coming up, this will start to take off like a rocket. I can see this stock reaching the $16-$18 range. It has a price target of $22, but as we all know price targets don’t mean much, but can give a general idea of where this stock can go. The space sector will be heating up soon, this is a great growth stock, don’t let this cheap opportunity pass you by.
