Best Space Stocks To Follow Now - August 17th

Key Points

• Alphabet, Berkshire Hathaway, and Boeing are highlighted as key space stocks to monitor, indicating strong investor interest in companies involved in the space sector.
• Investing in space stocks offers potential for significant growth, but also involves risks such as high R&D costs and market volatility.
• Each of these companies has shown considerable trading volume recently, with Alphabet's shares trading at $203.90, Berkshire Hathaway at $477.54, and Boeing at $235.31 during midday trading.

Alphabet, Berkshire Hathaway, 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 primary business involves the space sector, including satellite manufacturing, launch services, ground‐based infrastructure and emerging space tourism ventures. By investing in these equities, shareholders gain exposure to activities such as orbital communications, Earth observation, exploration missions and related technology development. While offering potentially high growth driven by innovation and expanding commercial opportunities, space stocks also carry risks tied to heavy R&D expenditures, regulatory hurdles and market volatility. 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 $0.96 during mid-day trading on Friday, reaching $203.90. 34,909,706 shares of the company's stock were exchanged, compared to its average volume of 37,799,464. The firm has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 21.71, a PEG ratio of 1.37 and a beta of 1.01. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. Alphabet has a 52-week low of $140.53 and a 52-week high of $207.05. The company's 50-day moving average is $184.25 and its 200-day moving average is $173.20.

Read Our Latest Research Report on GOOGL

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.

Berkshire Hathaway stock traded down $1.68 during midday trading on Friday, reaching $477.54. 5,226,998 shares of the stock traded hands, compared to its average volume of 4,840,156. The company has a 50-day simple moving average of $479.34 and a two-hundred day simple moving average of $497.02. Berkshire Hathaway has a 12-month low of $437.90 and a 12-month high of $542.07. The firm has a market cap of $1.03 trillion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 3.32 and a beta of 0.81.

Read Our Latest Research Report on BRK.B

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.

BA stock traded up $2.12 during mid-day trading on Friday, reaching $235.31. The company had a trading volume of 6,285,891 shares, compared to its average volume of 6,798,152. Boeing has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The company has a market capitalization of $177.93 billion, a price-to-earnings ratio of -14.25 and a beta of 1.48. The firm has a fifty day simple moving average of $219.45 and a 200 day simple moving average of $192.62.

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