Promising Shipping Stocks To Add to Your Watchlist - June 4th

Shopify, Etsy, and United Parcel Service are the three Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are shares of publicly traded companies whose core business is the maritime transportation of cargo and passengers. They include container lines, bulk‐carrier and tanker operators, and ship management firms. Investors in shipping stocks gain exposure to global trade flows, freight‐rate cycles and changes in vessel supply and demand. 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 $1.48 during midday trading on Wednesday, hitting $103.63. 6,133,178 shares of the company were exchanged, compared to its average volume of 9,416,239. The firm has a market capitalization of $134.18 billion, a P/E ratio of 66.86, a P/E/G ratio of 4.82 and a beta of 2.66. Shopify has a 1-year low of $48.56 and a 1-year high of $129.38. The firm's 50 day moving average price is $95.41 and its 200-day moving average price is $105.02.

Read Our Latest Research Report on SHOP

Etsy (ETSY)

Etsy, Inc., together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.

ETSY traded up $0.87 during midday trading on Wednesday, hitting $61.07. 5,602,008 shares of the company were exchanged, compared to its average volume of 4,358,335. The firm has a market capitalization of $6.37 billion, a P/E ratio of 25.77, a P/E/G ratio of 2.57 and a beta of 1.78. Etsy has a 1-year low of $40.05 and a 1-year high of $66.93. The firm's 50 day moving average price is $46.66 and its 200-day moving average price is $50.77.

Read Our Latest Research Report on ETSY

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 up $0.50 during midday trading on Wednesday, hitting $98.58. 2,629,079 shares of the company were exchanged, compared to its average volume of 5,142,974. The firm has a market capitalization of $83.48 billion, a P/E ratio of 14.58, a P/E/G ratio of 1.55 and a beta of 1.23. United Parcel Service has a 1-year low of $90.55 and a 1-year high of $148.15. The firm's 50 day moving average price is $98.03 and its 200-day moving average price is $114.61. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

Read Our Latest Research Report on UPS