Should You Buy Rocket Lab Stock Below $70?
A space economy boom is turning into a stock market collapse. After the monster Space Exploration Technologies (better known as SpaceX) IPO earlier this year, space stocks began to slip, and quickly, from their highs. Rocket Lab (NASDAQ: RKLB) could be called the poster child for these wild gyrations in space stocks.
The maker of rockets and other space systems saw its stock rise by more than 150% at one point over the last 12 months before falling 55% from a high set in May. As of this writing, the stock trades at $67.50. Should you buy shares of Rocket Lab below $70?
The answer is clear if you look at the numbers.
Source Fool.com
