Best Space Stocks To Keep An Eye On - November 7th

Key Points

• SpaceX, GE Aerospace, and Axon Enterprise were highlighted as space-related stocks with the highest recent dollar trading volume; the article notes that “space stocks” is an informal category and can involve technology, regulatory, and capital-cost risks.
• SpaceX shares rose to $134.27 on Friday, with about 114.7 million shares traded. The company’s stated focus includes satellite communications, launch systems, and ambitions to build on the Moon and other planets.
• GE Aerospace gained to $323.54, while Axon fell to $313.00; Axon’s price was close to its 52-week low of $307.

SpaceX, GE Aerospace, and Axon Enterprise are the three Space stocks to watch today, according to MarketBeat's stock screener tool. “Space stocks” are shares of publicly traded companies whose businesses are connected to the space industry, such as satellite communications, rocket launches, spacecraft manufacturing, or related services. The term is an informal investing category rather than a single official market sector, and these stocks can carry risks tied to technology, regulation, and high capital costs. These companies had the highest dollar trading volume of any Space stocks within the last several days.

SpaceX (SPCX)

Our mission is to build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars. To do this, we have formed the most ambitious, vertically integrated innovation engine on (and off) Earth with unmatched capabilities to rapidly manufacture and launch space-based communications that connect the world, to harness the Sun to power a truth-seeking artificial intelligence that advances scientific discovery, and ultimately to build a base on the Moon and cities on other planets.

NASDAQ:SPCX traded up $10.65 during trading hours on Friday, reaching $134.27. 114,740,906 shares of the stock were exchanged, compared to its average volume of 102,187,288. The company has a quick ratio of 3.00, a current ratio of 3.08 and a debt-to-equity ratio of 0.20. The company's 50 day moving average is $149.18. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The firm has a market cap of $1.82 trillion and a PE ratio of 516.42.

Read Our Latest Research Report on SPCX

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 GE stock traded up $8.81 during trading hours on Friday, reaching $323.54. 5,306,018 shares of the stock were exchanged, compared to its average volume of 5,237,439. The business's fifty day moving average is $314.70 and its two-hundred day moving average is $323.12. GE Aerospace has a 12-month low of $268.91 and a 12-month high of $388.84. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.68. The firm has a market capitalization of $334.33 billion, a P/E ratio of 37.32, a P/E/G ratio of 2.15 and a beta of 1.43.

Read Our Latest Research Report on GE

Axon Enterprise (AXON)

Axon Enterprise, Inc. develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, Software and Sensors, and TASER. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.

AXON stock traded down $69.56 during trading on Friday, reaching $313.00. 5,224,684 shares of the company were exchanged, compared to its average volume of 975,165. The stock's 50 day moving average price is $441.53 and its 200 day moving average price is $475.20. The company has a market cap of $25.43 billion, a P/E ratio of 100.32, a PEG ratio of 8.09 and a beta of 1.48. Axon Enterprise has a 52-week low of $307.00 and a 52-week high of $665.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.80 and a current ratio of 2.15.

Read Our Latest Research Report on AXON

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