- Grom Social Enterprises, Inc. (NASDAQ: GROM) has recently acquired Curiosity Ink, which is currently working on a theatre project called "The Pirate Princess."
- Rocket Lab USA, Inc. (NASDAQ: RKLB) has recently bagged a NASA contract for technology demonstration next year.
- Rocket Lab’s revenue surged 237% YoY in the first half of 2021.
Stocks of Grom Social Enterprises, Inc. (NASDAQ: GROM) and Rocket Lab USA, Inc. (NASDAQ: RKLB) jumped more than 11 percent and 10 percent, respectively, on Thursday morning as they drew investors' attention following their recent deals and acquisition.
The GROM stock was up 11.65 percent to US$5.56, while the RKLB stock traded at US$15.52, up 10.86 percent, at around 10:20 am ET from their previous closing prices.
Let's look at the recent developments and the performance of the stocks.
Grom Social Enterprises, Inc. (NASDAQ: GROM)
Grom Social Enterprises is a media, technology, and entertainment company based in Boca Raton, Florida. It provides a parents-monitored content platform for 13-year-old children.
has recently acquired Curiosity Ink Media, which is working on a theatrical project called "The Pirate Princess", an original intellectual franchise for global theatrical distribution.
It also said on Wednesday that Curiosity Ink would launch the show in the second half of 2022.
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Meanwhile, on Thursday, Grom said that its wholly-owned subsidiary Top Draw Animation would infuse about US$1 million in new projects through its studio in the Philippines.
Grom’s market cap is US$65.63 million, and its 52-week highest and lowest stock prices were US$6.73 and US$1.71, respectively. Its trading volume was 96,096,390 on October 6.
The company's sales were US$1.38 million for the three months ended June 30, compared to US$1.74 million in the same period of the previous year. It reported a net loss of US$2.50 million, against a loss of US$0.95 million in the year-ago period.
Rocket Lab USA, Inc. (NASDAQ: RKLB)
Rocket Lab USA is an aerospace and defense company based in Long Beach, California. It manufactures small and medium-sized rockets and components for the aerospace sector.
The Rocket Lab stock has been in focus after it bagged a contract from NASA for a technology demonstration next year. Rocket Lab will provide an electron vehicle to NASA for sending its Advanced Composite Solar Sail System, or ACS3, into orbit next year.
Rocket Lab’s market cap is US$6.27 billion, and the forward P/E one year is -60.87. Its 52-week highest and lowest stock prices were US$21.34 and US$9.50, respectively. Its share volume on October 6 was 4,949,225.
Its revenue was US$29.47 million in the first half of 2021, representing an increase of 237 percent YoY. It reported a net loss of US$32.54 million against a loss of US$23.45 million in the six months ended on June 30, 2020.
Both the stocks saw steady growth in recent months. The GROM stock surged 161.12 percent YTD, while RKLB grew 35.92 percent YTD, reflecting their strong growth. However, investors should evaluate the companies carefully before investing in stocks.