Best Space Stocks To Watch Today - August 8th

Key Points

• Alphabet, Rocket Lab, and Atlassian are highlighted as key space stocks to watch, reflecting investor interest in the growing commercial space economy.
• Alphabet's stock traded at $200.99 with a market cap of $2.43 trillion, showcasing its strong position in the tech sector.
• Rocket Lab's shares reached $44.96, showing significant trading volume and marking a strong interest from investors in launch services and space systems.

Alphabet, Rocket Lab, and Atlassian 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 businesses involve the development, manufacturing or operation of space technologies and services—such as launch providers, satellite operators, space tourism ventures and related suppliers. By buying these equities, investors gain exposure to the growing commercial space economy, which encompasses satellite communications, Earth-observation services, in-orbit manufacturing and future off-planet activities. Because the sector is capital-intensive, technologically complex and heavily influenced by government policy, space stocks can exhibit greater volatility than broad-market benchmarks. 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 GOOGL traded up $4.47 on Friday, reaching $200.99. The stock had a trading volume of 26,979,159 shares, compared to its average volume of 36,847,266. The firm has a market capitalization of $2.43 trillion, a PE ratio of 21.41, a PEG ratio of 1.33 and a beta of 1.01. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet has a twelve month low of $140.53 and a twelve month high of $207.05. The firm has a 50-day moving average of $180.26 and a 200 day moving average of $173.13.

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.

Shares of NASDAQ RKLB traded up $0.75 during trading on Friday, reaching $44.96. The company had a trading volume of 32,598,248 shares, compared to its average volume of 19,952,014. The stock has a market capitalization of $20.75 billion, a PE ratio of -112.43 and a beta of 2.17. The company has a current ratio of 2.08, a quick ratio of 1.72 and a debt-to-equity ratio of 0.97. The stock has a 50-day moving average price of $37.19 and a two-hundred day moving average price of $27.75. Rocket Lab has a twelve month low of $5.03 and a twelve month high of $53.44.

Read Our Latest Research Report on RKLB

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.

Atlassian stock traded up $1.88 during trading on Friday, hitting $172.88. The company's stock had a trading volume of 4,753,698 shares, compared to its average volume of 2,329,371. The stock has a market capitalization of $45.38 billion, a price-to-earnings ratio of -104.26 and a beta of 0.96. Atlassian has a 1-year low of $137.27 and a 1-year high of $326.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. The stock's fifty day moving average is $200.16 and its 200 day moving average is $226.70.

Read Our Latest Research Report on TEAM

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.