Promising Space Stocks To Consider – May 8th

Alphabet, Boeing, and Berkshire Hathaway are the three Space stocks to watch today, according to MarketBeat’s stock screener tool. Space stocks are shares of publicly traded companies whose core businesses involve the design, manufacture, launch and operation of spacecraft, satellites and related technologies. By investing in these equities, market participants gain exposure to the rapidly expanding commercial and defense-oriented space sector—encompassing launch services, satellite communications, Earth observation and space exploration. Notable examples include Rocket Lab, Virgin Galactic, Boeing, Lockheed Martin and Northrop Grumman. These companies had the highest dollar trading volume of any Space stocks within the last several days.

Alphabet (GOOGL)

Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

Shares of NASDAQ GOOGL traded up $3.22 during mid-day trading on Thursday, reaching $154.60. 38,047,620 shares of the company traded hands, compared to its average volume of 28,603,502. The company’s fifty day moving average is $159.54 and its two-hundred day moving average is $175.25. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The stock has a market cap of $1.88 trillion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01.

Boeing (BA)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.

NYSE BA traded up $6.59 during midday trading on Thursday, hitting $192.15. The company had a trading volume of 11,454,066 shares, compared to its average volume of 9,035,015. The stock has a market cap of $144.88 billion, a price-to-earnings ratio of -10.49 and a beta of 1.41. Boeing has a fifty-two week low of $128.88 and a fifty-two week high of $196.95. The firm has a fifty day simple moving average of $165.87 and a two-hundred day simple moving average of $166.38.

Berkshire Hathaway (BRK.B)

Berkshire Hathaway Inc., through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. The company provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad systems in North America. It also generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets.

Shares of BRK.B stock traded down $2.51 during trading hours on Thursday, hitting $515.71. The company had a trading volume of 2,485,304 shares, compared to its average volume of 4,226,830. The firm’s fifty day moving average is $518.08 and its 200 day moving average is $484.05. Berkshire Hathaway has a 12 month low of $401.58 and a 12 month high of $542.07. The firm has a market capitalization of $1.11 trillion, a price-to-earnings ratio of 10.42, a PEG ratio of 3.45 and a beta of 0.88.