Shipping Stocks Worth Watching – May 15th

Shopify, Blackstone, United Parcel Service, New Fortress Energy, Etsy, Carrier Global, and Rio Tinto Group are the seven Shipping stocks to watch today, according to MarketBeat’s stock screener tool. Shipping stocks are equity shares of companies that operate vessels—such as container ships, bulk carriers and tankers—for the transportation of goods across the world’s oceans. Their market performance is closely tied to global trade volumes, freight‐rate fluctuations and fuel costs. Investors often use shipping stocks to gain direct exposure to shifts in international commerce and shipping‐cycle dynamics. 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.

Shares of SHOP traded down $1.24 during midday trading on Thursday, hitting $110.21. The company had a trading volume of 11,330,633 shares, compared to its average volume of 9,230,986. Shopify has a 1 year low of $48.56 and a 1 year high of $129.38. The firm has a market capitalization of $142.70 billion, a P/E ratio of 71.10, a P/E/G ratio of 4.82 and a beta of 2.66. The company’s 50-day simple moving average is $93.58 and its 200-day simple moving average is $103.31.

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.

NYSE:BX traded down $1.52 during trading hours on Thursday, hitting $146.90. The company’s stock had a trading volume of 2,462,782 shares, compared to its average volume of 3,779,416. Blackstone has a 52-week low of $115.66 and a 52-week high of $200.96. The stock has a market capitalization of $107.19 billion, a P/E ratio of 40.47, a price-to-earnings-growth ratio of 1.07 and a beta of 1.67. The company has a current ratio of 0.67, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61. The stock has a fifty day moving average of $136.93 and a 200-day moving average of $161.87.

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.

UPS traded up $0.54 on Thursday, reaching $100.19. The company’s stock had a trading volume of 3,356,863 shares, compared to its average volume of 5,055,264. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service has a fifty-two week low of $90.55 and a fifty-two week high of $150.03. The stock has a 50 day moving average of $103.07 and a two-hundred day moving average of $118.19. The company has a market capitalization of $85.58 billion, a price-to-earnings ratio of 14.82, a P/E/G ratio of 1.55 and a beta of 1.23.

New Fortress Energy (NFE)

New Fortress Energy Inc. operates as an integrated gas-to-power energy infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation.

NASDAQ NFE traded down $4.41 on Thursday, reaching $2.37. The stock had a trading volume of 84,267,655 shares, compared to its average volume of 5,419,014. The business’s 50-day moving average price is $7.23 and its 200 day moving average price is $10.45. The stock has a market cap of $648.84 million, a P/E ratio of 2.60 and a beta of 1.45. New Fortress Energy has a 12-month low of $2.33 and a 12-month high of $29.05. The company has a debt-to-equity ratio of 4.06, a quick ratio of 0.35 and a current ratio of 0.38.

Etsy (ETSY)

Etsy, Inc., together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.

Shares of ETSY stock traded down $0.21 during midday trading on Thursday, hitting $46.75. The company had a trading volume of 3,776,370 shares, compared to its average volume of 3,878,657. Etsy has a 52-week low of $40.05 and a 52-week high of $66.93. The company’s 50 day simple moving average is $45.40 and its 200 day simple moving average is $50.89. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 2.57 and a beta of 1.78.

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.

Shares of NYSE:CARR traded up $0.15 on Thursday, reaching $73.51. 2,348,672 shares of the company were exchanged, compared to its average volume of 4,586,049. The company has a 50-day moving average of $64.20 and a 200-day moving average of $67.99. The firm has a market cap of $63.02 billion, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. Carrier Global has a 1-year low of $54.22 and a 1-year high of $83.32.

Rio Tinto Group (RIO)

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.

NYSE RIO traded up $0.63 during trading hours on Thursday, reaching $62.66. The company’s stock had a trading volume of 2,592,975 shares, compared to its average volume of 2,858,267. The company’s 50-day moving average is $59.68 and its two-hundred day moving average is $61.09. The stock has a market cap of $78.57 billion, a PE ratio of 9.71, a PEG ratio of 0.42 and a beta of 0.73. Rio Tinto Group has a fifty-two week low of $51.67 and a fifty-two week high of $74.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.63.