A small Northern California space-transportation company, called Astra Space Inc., is ready to blast off (in the figurative sense). The company is positioned to be the first small rocket-maker to go public in the United States, via SPAC, with an approximate valuation of $2.1 billion.
Astra Space's capabilities set it apart in the burgeoning space industry. The company is designing small rockets to lift satellites weighing approximately 100 pounds into low-earth orbit, which can be used for anything from internet to earth imaging to military applications. In the not-too-distant future, Astra Space hopes to be able to propel satellites weighing up to 500 pounds.
There is rapidly growing demand to launch satellites into space, but very few commercial services available to address the demand. Astra Space sees a void to fill. Astra Space also has a key differentiating feature from its competitors - the frequency of blasts. The company hopes to blast off weekly, and eventually daily, using a mobile launch system. For investors interested in the nascent space industry, this company may be worth a look.
Below, Tickeron's Artificial Intelligence takes a look at 13 stocks within the "Space" theme. Scroll down and learn more about the industry, who the players are, and where the stock trade opportunities may be.
UFO saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on April 02, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 38 instances where the indicator turned negative. In of the 38 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
The Momentum Indicator moved below the 0 level on April 01, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on UFO as a result. In of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
UFO moved below its 50-day moving average on April 01, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where UFO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for UFO entered a downward trend on April 19, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where UFO's RSI Oscillator exited the oversold zone, of 35 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 58 cases where UFO's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UFO advanced for three days, in of 299 cases, the price rose further within the following month. The odds of a continued upward trend are .
UFO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Category Industrials