Shopify, United Parcel Service, and Carrier Global are the three Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are the publicly traded shares of companies engaged in the maritime transportation of goods—ranging from container lines and bulk-carrier operators to oil and chemical tanker firms. Their performance is highly cyclical, driven by global trade volumes, freight-rate fluctuations and shipping capacity, and is sensitive to factors such as economic growth, fuel costs and regulatory changes. 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 $2.43 during mid-day trading on Monday, reaching $126.86. 4,725,635 shares of the company's stock traded hands, compared to its average volume of 10,429,231. The firm has a market capitalization of $164.59 billion, a price-to-earnings ratio of 81.85, a PEG ratio of 4.82 and a beta of 2.61. Shopify has a 12-month low of $48.56 and a 12-month high of $129.38. The company has a 50 day moving average price of $112.05 and a 200-day moving average price of $105.89.
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.
NYSE UPS traded down $2.18 during trading on Monday, hitting $101.38. 5,887,049 shares of the stock traded hands, compared to its average volume of 5,904,538. United Parcel Service has a 12-month low of $90.55 and a 12-month high of $145.01. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The firm has a 50-day simple moving average of $100.01 and a 200-day simple moving average of $107.09. The company has a market capitalization of $85.85 billion, a P/E ratio of 14.78, a price-to-earnings-growth ratio of 1.99 and a beta of 1.21.
Read Our Latest Research Report on UPS
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.
NYSE:CARR traded down $0.26 during trading hours on Monday, hitting $80.47. 5,781,130 shares of the stock were exchanged, compared to its average volume of 5,254,216. The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The company has a market cap of $68.99 billion, a P/E ratio of 12.46, a P/E/G ratio of 2.20 and a beta of 1.31. The firm's fifty day moving average price is $73.54 and its 200 day moving average price is $68.21. Carrier Global has a 52-week low of $54.22 and a 52-week high of $83.32.
Read Our Latest Research Report on CARR
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