Shopify, Blackstone, and United Parcel Service are the three Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are publicly traded equity shares of companies that own, operate, or manage vessels engaged in sea-borne transportation of goods—such as bulk carriers, tankers, container ships and gas carriers. Their share prices tend to fluctuate with global trade volumes, freight rates, vessel supply and demand, and broader economic conditions. Because the shipping industry is cyclical and capital-intensive, shipping stocks are often more volatile than many other sectors. 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.
NYSE:SHOP traded up $0.28 during trading hours on Friday, hitting $127.03. The company had a trading volume of 7,831,822 shares, compared to its average volume of 10,592,401. Shopify has a 1 year low of $48.56 and a 1 year high of $129.38. The company has a market cap of $164.81 billion, a P/E ratio of 81.96, a P/E/G ratio of 4.82 and a beta of 2.61. The company has a 50-day moving average of $109.81 and a 200 day moving average of $105.25.
Read Our Latest Research Report on SHOP
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.
Shares of BX traded down $3.62 during trading on Friday, reaching $168.88. 3,007,764 shares of the company traded hands, compared to its average volume of 3,882,941. The stock has a 50-day simple moving average of $146.01 and a 200-day simple moving average of $150.73. Blackstone has a twelve month low of $115.66 and a twelve month high of $200.96. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.67. The stock has a market cap of $123.22 billion, a PE ratio of 50.87, a price-to-earnings-growth ratio of 1.50 and a beta of 1.65.
Read Our Latest Research Report on BX
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.
Shares of NYSE UPS traded down $0.29 during mid-day trading on Friday, hitting $99.21. The company had a trading volume of 3,940,357 shares, compared to its average volume of 5,947,670. The business's 50-day simple moving average is $99.79 and its 200 day simple moving average is $108.33. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. United Parcel Service has a 1-year low of $90.55 and a 1-year high of $146.17. The company has a market capitalization of $84.01 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 1.92 and a beta of 1.21.
Read Our Latest Research Report on UPS
See Also
Before you consider Shopify, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shopify wasn't on the list.
While Shopify currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
