SPCE, ASTR, MAXR among top space stocks to explore in Q2

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SPCE, ASTR, MAXR among top space stocks to explore in Q2

SPCE, ASTR, MAXR among top space stocks to explore in Q2
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Highlights:

  • Lockheed Martin Corporation (NYSE: LMT) stock returned gains of over 24% YTD.
  • Rocket Lab USA, Inc. (NASDAQ: RKLB) will report its first-quarter fiscal 2022 earnings on May 16.
  • Virgin Galactic Holdings, Inc. (NYSE: SPCE) will publish its first-quarter fiscal 2022 earnings results on May 5.

Space stocks have gained significant traction in the market in recent years, with various tech investors showing great interest in the sector. Big players who have entered the fray, include Amazon founder and executive chairman Jeff Bezos with Blue Origin, Tesla CEO Elon Musk with SpaceX, and other companies that are challenging the existing and established players in the sector.

The commercial interest in outer space is also growing more than ever. Moreover, chances are that new satellites might enter low-earth orbit in the coming years. Numerous VC firms are also turning their focus towards the sector due to the immense growth potential of the startups.

Here we explore some of the space stocks that are likely to hog the limelight in the coming days.

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Lockheed Martin Corporation (NYSE: LMT)

Lockheed Martin is an aerospace and defense company that engages in operations related to aerospace, arms, defense, information security, and other related fields. It is based in Bethesda, Maryland.

The shares of the company closed at US$442.89 on April 25, down 0.65% from their previous closing price. Its stock value increased by 24.98% YTD.

The firm has a market cap of US$117.85 billion, a P/E ratio of 19.56, and a forward one-year P/E ratio of 16.54. Its EPS is US$22.64.

The 52-week highest and lowest stock prices were US$479.99 and US$324.23, respectively. Its trading volume was 1,499,844 on April 25.

The company reported net sales of US$14.96 billion in Q1, FY22, as compared to US$16.25 billion in the year-ago quarter. Its net earnings remained at US$1.73 billion, or US$6.44 per diluted share, as compared to US$1.83 billion, or US$6.56 per diluted share in Q1, FY21.

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Top space stocks to explore in Q2Source: Pixabay

Rocket Lab USA, Inc. (NASDAQ: RKLB)

Rocket Lab is an aerospace company based in Long Beach, California. It primarily focuses on designing, developing, and manufacturing small and medium-class rickets, satellite spacecraft components, and other related products.

The stock of the company closed at US$7.83 on April 25, up 1.56% from its previous closing price. The RKLB stock fell 35.82% YTD.

The market cap of Rocket Lab is US$3.63 billion, and its forward one-year P/E ratio is -13.27. The stock touched a peak price of US$21.34 and the lowest price of US$7.47 in the last 52 weeks. Its share volume on April 25 was 3,307,010.

The company will report its first-quarter fiscal 2022 financial results on May 16, after the market closes.

Meanwhile, in the fourth quarter of fiscal 2021, the company reported a revenue of US$27.47 million, while its net income came in at US$2.76 million. For fiscal 2021, the company's revenue was US$62.23 million, representing an increase of 77% YoY.

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Virgin Galactic Holdings, Inc. (NYSE: SPCE)

Virgin Galactic is an aerospace and spaceflight company with a focus on developing, manufacturing, and operating spaceships and other related technologies. It conducts commercial human spaceflight and flying commercial research along with development payloads into space. It is based in Mojave, California.

The shares of the company closed at US$8.33 on April 25, up 4.26% from their last closing price. Its stock value decreased by 38.48% YTD.

The firm has a market cap of US$2.15 billion, and a forward one-year P/E ratio of -6.31. Its EPS is US$-1.57.

The 52-week highest and lowest stock prices were US$57.51 and US$6.70, respectively. Its trading volume was 10,567,810 on April 25.

The company will report its first-quarter fiscal 2022 earnings results on May 5, after the market closes.

Meanwhile, in the fourth quarter of fiscal 2021, the company reported a revenue of US$141,000, while its net loss came to US$80.79 million, or US$0.31 per diluted share. For fiscal 2021, the company reported a revenue of US$3.29 million.

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Astra Space, Inc. (NASDAQ: ASTR)

Astra Space is an aerospace firm that offers launch services and other related solutions in the space sector.

The California-based company’s stock closed at US$3.42 on April 25, up 2.7% from its previous closing price. The ASTR stock plunged 49.33% YTD.

The market cap of the company is US$903.37 million, and the forward one-year P/E ratio is -5.03. The stock price peaked to US$16.95 while its lowest price was US$2.87 in the last 52 weeks. Its share volume on April 25 was 2,109,944.

The company's total operating loss was US$62.16 million in Q4, FY21, while its net loss came in at US$51.26 million, or US$0.20 per diluted share. For fiscal 2021, the company reported a net loss of US$257.78 million.

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Top space stocks: LMT, RKLB, SPCE, ASTR, MAXR

Maxar Technologies Inc. (NYSE: MAXR)

Maxar Technologies is a space technology firm that specializes in the development and manufacturing of communication products, earth observation, radar, and other related products. It is based in Westminster, Colorado.

The shares of the company closed at US$34.96 on April 25, up 1.6% from their previous closing price. Its stock value was up 15.72% YTD.

The firm has a market cap of US$2.56 billion, a P/E ratio of 81.3, and a forward one-year P/E ratio of 63.56. Its EPS is US$0.43.

The 52-week highest and lowest stock prices were US$42.59 and US$22.92, respectively. Its trading volume was 526,298 on April 25.

The company reported a revenue of US$468 million in Q4, FY21, while its net income came in at US$71 million, or US$0.94 per diluted share. For fiscal 2021, the company's revenue was US$1.77 billion.

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Bottom line:

Many experts believe that the space sector is bracing for fierce competition among global players. The US defense sector is also constantly exploring for newer scope in this sector even as it stays vigilant due to emerging threats from various countries.

However, given the recent uncertainties in the market, risk-bet stocks have witnessed sloppy trading in recent months. Hence, investors should closely evaluate the companies before spending on the stocks.

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