3 Space Exploration Stocks Rallying Before Earnings

Rocket Lab USA will report results after tomorrow’s market close

It’s almost time for space exploration names to have their turn in the earnings confessional. Rocket Lab USA Inc (NASDAQ:RKLB) will announce third-quarter results before tomorrow’s open, while peers AST SpaceMobile Inc (NASDAQ:ASTS) and Intuitive Machines Inc (NASDAQ:LUNR) will report before the open on Thursday, Nov. 14.

RKLB is up 11% to trade at a two-year high of $15 at last check, while pacing for its fifth-straight daily gain. The stock has been in rally mode since bouncing off long-term support from its 20-day moving average in late October, and sports a 241.4% year-over-year lead.

ASTS was last seen up 7.7% to trade at $23.69 at last glance, and added a jaw-dropping 449.5% in the last 12 months. The equity has taken a step back from its Aug. 20, all-time closing high of $38.60, but support still remains from its ascending 110-day moving average.

LUNR is up 9.2% to trade at $10.62 at last check, making a run toward its February peak. The 40-day moving average served as a trampoline for the shares, which boast a nearly 315% year-to-date gain on their way to their sixth gain over the past seven sessions.

However, with all of this outperformance, its worth noting that all three stocks have a dismal history of post-earnings reactions, finishing most of their last eight next-day sessions lower. The options market is also pricing in much larger-than-average moves for RKLB and LUNR than either has seen in the last two years.

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