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Rocket Lab (RKLB) Stock Climbs Ahead Of Q3 Earnings Report

Shares of Rocket Lab Corp (NASDAQ:RKLB) are trading higher Monday morning as investors position themselves ahead of the company’s third-quarter financial results. The report is scheduled for release Monday after the market close, with a conference call set for 5 p.m. ET. Here’s what investors need to know.

What To Know: The positive move in Rocket Lab shares on Monday follows a volatile week where the stock slid despite positive news, including the 74th successful Electron mission deploying a new radar satellite for Japan’s iQPS.

Wall Street consensus estimates project a quarterly loss of 10 cents per share on revenue of approximately $151 million. Despite a recent pullback, the stock remains up over 110% year-to-date.

Analysts remain broadly bullish. KeyBanc holds an Overweight rating with a $75 price target, and Baird recently initiated coverage with an Outperform rating and an $83 target.

Investors will be closely monitoring the report for updates on the company’s growth in Space Systems and progress on the new Neutron rocket.

Benzinga Edge Rankings: Reflecting its strong recent performance, Rocket Lab has a high Momentum score of 98.04 from Benzinga Edge stock rankings.

RKLB Price Action: Rocket Lab shares were up 2.04% at $52.72 at the time of publication on Monday, according to Benzinga Pro data.

Read Also: Top Stocks With Earnings This Week: Plug, Oklo, Circle And More

How To Buy RKLB Stock

By now you’re likely curious about how to participate in the market for Rocket Lab – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

If you’re looking to bet against a company, the process is more complex. You’ll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

Image: Shutterstock

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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