This Space Rocket Company May Set to Blast Off
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.
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Notable companies
The most notable companies in this group are Comcast Corp (NASDAQ:CMCSA), Honeywell International (NASDAQ:HON), Lockheed Martin Corp (NYSE:LMT), Boeing Company (NYSE:BA), Northrop Grumman Corp (NYSE:NOC), Virgin Galactic Holdings (NYSE:SPCE).
Industry description
The investment seeks investment results that correspond generally to the performance, before the fund's fees and expenses, of an equity index called the "S-Network Space Index".
The fund invests, under normal circumstances, at least 80% of its net assets in companies of the underlying index that receive at least 50% of their revenues or profits from space-related businesses. The underlying index is designed to serve as an equity benchmark for a globally traded portfolio of companies that are engaged in space-related business, such as those utilizing satellite technology. The fund is non-diversified.
Market Cap
The average market capitalization across the Procure Space ETF ETF is 39.2B. The market cap for tickers in the group ranges from 93.82M to 167.85B. CMCSA holds the highest valuation in this group at 167.85B. The lowest valued company is CMTL at 93.82M.
High and low price notable news
The average weekly price growth across all stocks in the Procure Space ETF ETF was 47%. For the same ETF, the average monthly price growth was 68%, and the average quarterly price growth was 575%. ASTS experienced the highest price growth at 35%, while LLAP experienced the biggest fall at -18%.
Volume
The average weekly volume growth across all stocks in the Procure Space ETF ETF was 29%. For the same stocks of the ETF, the average monthly volume growth was 12% and the average quarterly volume growth was 78%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 48
P/E Growth Rating: 56
Price Growth Rating: 46
SMR Rating: 67
Profit Risk Rating: 76
Seasonality Score: 30 (-100 ... +100)