Shipping Stocks Worth Watching – August 17th

Shopify, United Parcel Service, and Blackstone are the three Shipping stocks to watch today, according to MarketBeat’s stock screener tool. Shipping stocks are equity securities of companies that own and operate vessels—such as container ships, bulk carriers, and oil tankers—used for the maritime transport of goods or passengers. Their market performance hinges on factors like global trade volumes, freight‐rate fluctuations, fuel costs, fleet supply and demand, and broader economic and regulatory conditions. These companies had the highest dollar trading volume of any Shipping stocks within the last several days.

Shopify (SHOP)

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.

SHOP traded down $2.80 during trading on Friday, reaching $141.47. The company had a trading volume of 7,196,217 shares, compared to its average volume of 10,474,101. Shopify has a 12 month low of $65.86 and a 12 month high of $156.85. The company has a market cap of $183.54 billion, a P/E ratio of 91.27, a PEG ratio of 4.82 and a beta of 2.63. The business’s fifty day moving average price is $121.52 and its 200 day moving average price is $109.09.

United Parcel Service (UPS)

United Parcel Service, Inc., a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.

UPS traded down $0.03 on Friday, hitting $88.52. 8,843,256 shares of the stock were exchanged, compared to its average volume of 9,459,618. The business has a 50-day moving average of $97.24 and a two-hundred day moving average of $102.82. United Parcel Service has a 12 month low of $84.28 and a 12 month high of $145.01. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market capitalization of $74.96 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 1.62 and a beta of 1.12.

Blackstone (BX)

Blackstone Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.

Shares of BX traded down $3.07 during trading hours on Friday, reaching $171.61. The stock had a trading volume of 3,681,204 shares, compared to its average volume of 3,651,876. The firm has a 50-day simple moving average of $159.05 and a 200 day simple moving average of $149.87. Blackstone has a 12 month low of $115.66 and a 12 month high of $200.96. The company has a market capitalization of $126.49 billion, a price-to-earnings ratio of 46.13, a P/E/G ratio of 1.40 and a beta of 1.71. The company has a current ratio of 0.74, a quick ratio of 0.75 and a debt-to-equity ratio of 0.61.