Promising Space Stocks To Consider – July 16th

Alphabet, GE Aerospace, and Boeing 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 space exploration, satellite manufacturing and operation, launch services, or related technologies such as space-based communications and earth observation. Investors buy these stocks to gain exposure to the growing commercial space industry, which ranges from satellite broadband providers to firms developing rockets and space tourism offerings. 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 $1.87 during midday trading on Wednesday, hitting $183.87. 19,671,109 shares of the stock were exchanged, compared to its average volume of 31,941,637. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77. Alphabet has a 52-week low of $140.53 and a 52-week high of $207.05. The business’s fifty day simple moving average is $171.04 and its two-hundred day simple moving average is $173.13. The company has a market capitalization of $2.23 trillion, a PE ratio of 20.51, a P/E/G ratio of 1.27 and a beta of 1.00.

GE Aerospace (GE)

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.

Shares of NYSE:GE traded up $0.71 during midday trading on Wednesday, hitting $265.38. 5,543,038 shares of the stock were exchanged, compared to its average volume of 5,572,932. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.77 and a current ratio of 1.08. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $265.95. The business’s fifty day simple moving average is $241.36 and its two-hundred day simple moving average is $210.06. The company has a market capitalization of $283.00 billion, a PE ratio of 41.22, a P/E/G ratio of 3.14 and a beta of 1.37.

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.

Shares of NYSE:BA traded down $0.91 during midday trading on Wednesday, hitting $229.09. 4,367,649 shares of the stock were exchanged, compared to its average volume of 9,547,606. Boeing has a 52-week low of $128.88 and a 52-week high of $233.61. The business’s fifty day simple moving average is $207.90 and its two-hundred day simple moving average is $183.67. The company has a market capitalization of $172.73 billion, a PE ratio of -12.78 and a beta of 1.41.