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Promising Shipping Stocks To Research - August 8th

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Key Points

  • MarketBeat highlighted seven shipping stocks to watch, including Shopify, United Parcel Service, and Blackstone, based on high trading volumes in recent days.
  • Shopify's stock has a market cap of $193.96 billion, with a current trading volume lower than its average, indicating potential investor interest amidst fluctuating prices.
  • United Parcel Service (UPS) experienced a slight increase in stock price, reaching $86.65, and has shown stability with a 52-week low of $84.28 and a high of $145.01.
  • Looking to Export and Analyze Shopify Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shopify, United Parcel Service, Blackstone, Etsy, Safe & Green, Carrier Global, and BWX Technologies are the seven Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are the publicly traded shares of companies that own, operate or charter vessels for transporting goods and passengers by sea. Their performance is closely tied to global trade volumes, freight rates and shipping capacity, making them sensitive to economic cycles, fuel costs and regulatory changes. Investors buy shipping stocks to gain direct exposure to the maritime transport sector. 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.

Shares of SHOP traded down $1.57 during trading hours on Friday, hitting $149.50. The company's stock had a trading volume of 8,150,017 shares, compared to its average volume of 10,540,331. The business has a 50 day simple moving average of $116.61 and a two-hundred day simple moving average of $107.55. The company has a market cap of $193.96 billion, a price-to-earnings ratio of 96.45, a PEG ratio of 4.82 and a beta of 2.63. Shopify has a 52-week low of $65.86 and a 52-week high of $156.85.

Read Our Latest Research Report on SHOP

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 stock traded up $0.16 during midday trading on Friday, reaching $86.65. 5,101,859 shares of the company's stock traded hands, compared to its average volume of 6,300,500. United Parcel Service has a 52 week low of $84.28 and a 52 week high of $145.01. The company has a 50-day moving average price of $98.45 and a two-hundred day moving average price of $104.95. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.09 and a current ratio of 1.32. The firm has a market capitalization of $73.38 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 1.57 and a beta of 1.12.

Read Our Latest Research Report on UPS

Blackstone (BX)

Blackstone Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.

BX traded up $1.29 during trading on Friday, reaching $168.93. 1,716,813 shares of the company were exchanged, compared to its average volume of 4,252,052. The company has a quick ratio of 0.75, a current ratio of 0.74 and a debt-to-equity ratio of 0.61. The company has a market cap of $123.26 billion, a price-to-earnings ratio of 45.40, a P/E/G ratio of 1.38 and a beta of 1.71. Blackstone has a 12-month low of $115.66 and a 12-month high of $200.96. The company's 50-day moving average is $154.99 and its two-hundred day moving average is $150.59.

Read Our Latest Research Report on BX

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.

NASDAQ:ETSY traded up $0.44 during mid-day trading on Friday, hitting $60.93. 3,311,561 shares of the stock traded hands, compared to its average volume of 4,816,626. The business's 50-day moving average price is $57.46 and its 200 day moving average price is $51.58. The company has a market cap of $6.04 billion, a PE ratio of 49.01, a price-to-earnings-growth ratio of 3.57 and a beta of 1.73. Etsy has a 12-month low of $40.05 and a 12-month high of $68.45.

Read Our Latest Research Report on ETSY

Safe & Green (SGBX)

Safe & Green Holdings Corp. is a design and construction services company, which engages in the provision of code engineered cargo shipping containers. It operates through the following segments: Construction, Medical, Development, and Corporate and Support. The Construction Services segment includes the manufacturing of unit SG ECHO and other modules projects.

Shares of SGBX traded up $0.09 during mid-day trading on Friday, reaching $0.38. 425,255,833 shares of the stock traded hands, compared to its average volume of 13,800,379. Safe & Green has a 1 year low of $0.18 and a 1 year high of $1.92. The firm has a fifty day moving average price of $0.68 and a 200 day moving average price of $0.60. The company has a quick ratio of 0.02, a current ratio of 0.06 and a debt-to-equity ratio of 0.30.

Read Our Latest Research Report on SGBX

Carrier Global (CARR)

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.

Shares of NYSE:CARR traded down $0.30 on Friday, hitting $66.07. The company's stock had a trading volume of 2,333,421 shares, compared to its average volume of 5,316,388. Carrier Global has a 1 year low of $54.22 and a 1 year high of $83.32. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80. The company has a market capitalization of $56.22 billion, a PE ratio of 14.39, a PEG ratio of 1.81 and a beta of 1.25. The company has a 50-day simple moving average of $72.94 and a 200 day simple moving average of $68.24.

Read Our Latest Research Report on CARR

BWX Technologies (BWXT)

BWX Technologies, Inc., together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.

BWXT traded down $0.32 on Friday, reaching $179.21. The company had a trading volume of 817,768 shares, compared to its average volume of 1,123,752. BWX Technologies has a 52-week low of $84.21 and a 52-week high of $189.25. The company has a market cap of $16.38 billion, a price-to-earnings ratio of 56.00, a P/E/G ratio of 4.34 and a beta of 0.73. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.91 and a current ratio of 1.69. The business has a 50 day simple moving average of $142.70 and a 200 day simple moving average of $119.17.

Read Our Latest Research Report on BWXT

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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.

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