Best Space Stocks To Add to Your Watchlist - August 9th

Key Points

• MarketBeat highlights five key space stocks to watch: Alphabet, Rocket Lab, Berkshire Hathaway, Atlassian, and Microchip Technology.
• The space industry is rapidly expanding, fueled by technological advances and increasing commercial participation, making investments in these companies more attractive.
• Recent trading activity shows significant volumes for these stocks, indicating growing investor interest in the space sector.

Alphabet, Rocket Lab, Berkshire Hathaway, Atlassian, and Microchip Technology are the five Space stocks to watch today, according to MarketBeat's stock screener tool. Space stocks are shares of publicly traded companies that operate in the space industry—ranging from satellite manufacturing and launch services to space exploration and tourism. They span established aerospace giants as well as newer private firms developing innovative technologies for orbital and deep-space missions. Investors buy these equities to gain exposure to the rapidly expanding space economy driven by technological advances and growing commercial participation. 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 Alphabet stock traded up $4.90 during trading on Friday, reaching $201.42. The company's stock had a trading volume of 39,112,061 shares, compared to its average volume of 38,618,092. The business's 50-day moving average price is $180.89 and its 200-day moving average price is $173.15. The firm has a market cap of $2.44 trillion, a PE ratio of 21.45, a P/E/G ratio of 1.33 and a beta of 1.01. Alphabet has a 52 week low of $140.53 and a 52 week high of $207.05. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07.

Read Our Latest Research Report on GOOGL

Rocket Lab (RKLB)

Rocket Lab USA, Inc., a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.

RKLB traded up $0.48 on Friday, hitting $44.69. 39,118,574 shares of the stock were exchanged, compared to its average volume of 20,760,988. Rocket Lab has a 12 month low of $5.03 and a 12 month high of $53.44. The business has a 50-day moving average of $37.55 and a two-hundred day moving average of $27.85. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.08 and a quick ratio of 1.72. The firm has a market capitalization of $20.62 billion, a price-to-earnings ratio of -99.31 and a beta of 2.17.

Read Our Latest Research Report on RKLB

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.

BRK.B stock traded up $3.97 during trading on Friday, reaching $465.44. 3,326,715 shares of the company were exchanged, compared to its average volume of 4,910,150. The company has a market capitalization of $1.00 trillion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 3.21 and a beta of 0.81. The company has a 50-day moving average of $481.45 and a two-hundred day moving average of $496.55. Berkshire Hathaway has a twelve month low of $425.90 and a twelve month high of $542.07.

Read Our Latest Research Report on BRK.B

Atlassian (TEAM)

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.

NASDAQ TEAM traded down $2.94 during trading hours on Friday, reaching $168.06. The company's stock had a trading volume of 7,902,491 shares, compared to its average volume of 2,193,492. The firm has a fifty day simple moving average of $199.40 and a 200-day simple moving average of $226.09. The stock has a market cap of $44.12 billion, a P/E ratio of -169.76 and a beta of 0.96. Atlassian has a 52 week low of $137.27 and a 52 week high of $326.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26.

Read Our Latest Research Report on TEAM

Microchip Technology (MCHP)

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.

NASDAQ MCHP traded down $4.35 during trading hours on Friday, reaching $61.87. The company's stock had a trading volume of 20,069,831 shares, compared to its average volume of 8,773,815. The firm has a fifty day simple moving average of $69.65 and a 200-day simple moving average of $58.10. The stock has a market cap of $33.39 billion, a P/E ratio of -181.97, a P/E/G ratio of 1.91 and a beta of 1.55. Microchip Technology has a 52 week low of $34.13 and a 52 week high of $82.87. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.59 and a quick ratio of 1.47.

Read Our Latest Research Report on MCHP

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