The Zacks Analyst Blog Highlights: Amazon, Tesla, Virgin Galactic, Boeing and Lockheed Martin

This is why companies like Amazon backed Blue Origin, Tesla backed SpaceX, Virgin Galactic Holdings and Boeing are taking a number of initiatives …

For Immediate Release

Chicago, IL – December 30, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Amazon AMZN, Tesla TSLA, Virgin Galactic Holdings SPCE, Boeing BA and Lockheed Martin LMT.

Here are highlights from Friday’s Analyst Blog:

Space Tourism to Be a 2020 Craze? Stocks in Focus

The space tourism sector is heating up with the major players getting close to their goal of delivering various forms of commercial spaceflight by 2020.

Notably, NASA’s decision to open up the International Space Station for tourism and other private ventures from 2020 is a key catalyst in expanding the scope and market of space tourism.

Space Tourism Prospects Aplenty

Space tourism, also known as “citizen space exploration” or “personal spaceflight”, has become an attractive space due to strong consumer spending.

However, the biggest roadblock for the success of space tourism is the high cost of travel. Notably, a trip to the International Space Station will cost around $35K per day of stay while a return ticket will cost around $60 million.

The cost of getting into space will decline if the next generation of space planes can reach the orbit, making it an economically feasible option for a larger customer segment. This will also help the market to expand rapidly.

Per marketstudyreport.com data, cited by MarketWatch, the space tourism market is expected to be worth $1.18 billion by 2024, witnessing CAGR of 16.6% between 2019 and 2024.

This is why companies like Amazon backed Blue Origin, Tesla backed SpaceX, Virgin Galactic Holdings and Boeing are taking a number of initiatives to gain a foothold in this promising space.

Stocks in Focus

Amazon

Amazon backed Blue Origin’s offering is based around a more traditional rocket (the New Shepard), which takes off and lands vertically, and its objectives include orbital spaceflight.

The space tourism company has performed several test flights, the most recent one on Dec 11, and is planning to put paying passengers into space by 2020. The company’s plan is to place up to six passengers on each flight, with tickets expected to cost around $200K to $300K per person.

Moreover, the company has teamed up with aerospace giants Lockheed Martin and Draper in an attempt to build a lunar landing system to meet the

U.S. government’s goal of taking humans to the moon by 2024.

Virgin Galactic

To date, Virgin Galactic has been the main competitor for Blue Origin in terms of sub-orbital space tourism. Its current space plane, VSS Unity, entered outer space in December 2018 as part of its testing process, with two additional space planes in development in Mojave, CA.

Tickets currently cost $250K per person and more than 600 people from 60 countries have reserved seats.

However, the company has been facing headwinds over the space flight. Virgin Galactic originally aimed to deliver space flight by 2009 but it got delayed. In 2014, the company’s first spaceship VSS Enterprise crashed, resulting in the death of its co-pilot, Michael Alsbury.

Tesla

Tesla backed SpaceX already has experience when it comes to launching space-bound flights and the company is hoping to get on board the space tourism bandwagon.

However, unlike other companies in this sector, it is prioritizing lunar tourism and other forms of space tourism extending beyond Earth’s orbit.

Notably, in September, SpaceX unveiled Starship MK1, its new starship that will be able to carry up to 100 people to the moon, Mars or other destinations in space or around Earth.

Moreover, SpaceX is one of the companies that will choose clients and deliver them via its own rocket-and-capsule launch systems for the International Space Station trips starting next year.

Boeing

Boeing emerged as a major player in the space tourism industry when it entered into a deal with NASA as part of their Commercial Crew Development program. This program was designed to increase private sector involvement in the production of crew vehicles to be launched into orbit.

Notably, the company’s contract with NASA provides it with the opportunity to sell seats to space tourists. In October, the company also announced its plans to invest $20 million in Virgin Galactic.

Boeing is another company that will choose and deliver clients for International Space Station trips starting next year.

Zacks Rank

While Tesla carries a Zacks Rank #2 (Buy), Amazon and Virgin Galactic currently carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Boeing currently carries a Zacks Rank #5 (Strong Sell).

Zacks Top 10 Stocks for 2020

In addition to the stocks discussed above, would you like to know about our 10 top tickers for the entirety of 2020?

These 10 are painstakingly hand-picked from over 4,000 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Start Your Access to the New Zacks Top 10 Stocks >>

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

https://www.zacks.com

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Amazon.com, Inc. (AMZN) : Free Stock Analysis Report

The Boeing Company (BA) : Free Stock Analysis Report

Lockheed Martin Corporation (LMT) : Free Stock Analysis Report

Tesla, Inc. (TSLA) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Related Posts:

  • No Related Posts

CyberOptics Co. (NASDAQ:CYBE) Short Interest Down 5.8% in December

Acadian Asset Management LLC grew its position in CyberOptics by 727.4% during the second quarter. Acadian Asset Management LLC now owns …

CyberOptics logoCyberOptics Co. (NASDAQ:CYBE) was the target of a significant decline in short interest in the month of December. As of December 13th, there was short interest totalling 137,400 shares, a decline of 5.8% from the November 28th total of 145,900 shares. Approximately 2.0% of the company’s shares are sold short. Based on an average daily volume of 27,400 shares, the short-interest ratio is currently 5.0 days.

CYBE has been the subject of a number of recent analyst reports. Lake Street Capital lifted their price objective on CyberOptics from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Zacks Investment Research raised CyberOptics from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a research report on Wednesday, November 6th. Finally, ValuEngine downgraded CyberOptics from a “buy” rating to a “hold” rating in a research report on Monday, November 4th.

Shares of NASDAQ:CYBE opened at $18.00 on Monday. The company has a market cap of $128.31 million, a P/E ratio of 75.00, a P/E/G ratio of 16.67 and a beta of 0.17. The company has a quick ratio of 3.65, a current ratio of 5.57 and a debt-to-equity ratio of 0.06. CyberOptics has a 52 week low of $11.55 and a 52 week high of $22.61. The business has a fifty day simple moving average of $17.78 and a 200-day simple moving average of $15.39.

CyberOptics (NASDAQ:CYBE) last posted its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.01). CyberOptics had a net margin of 2.97% and a return on equity of 3.14%. The firm had revenue of $12.39 million for the quarter. Sell-side analysts expect that CyberOptics will post 0.09 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of CYBE. River & Mercantile Asset Management LLP purchased a new stake in CyberOptics during the second quarter valued at about $1,914,000. Marshall Wace LLP grew its position in CyberOptics by 193.7% during the second quarter. Marshall Wace LLP now owns 48,457 shares of the scientific and technical instruments company’s stock valued at $786,000 after acquiring an additional 31,956 shares during the period. D. E. Shaw & Co. Inc. purchased a new stake in CyberOptics during the second quarter valued at about $239,000. Acadian Asset Management LLC grew its position in CyberOptics by 727.4% during the second quarter. Acadian Asset Management LLC now owns 9,556 shares of the scientific and technical instruments company’s stock valued at $156,000 after acquiring an additional 8,401 shares during the period. Finally, Marshall Wace North America L.P. purchased a new stake in CyberOptics during the first quarter valued at about $74,000. 54.27% of the stock is owned by hedge funds and other institutional investors.

About CyberOptics

CyberOptics Corporation develops and manufactures high precision sensing technology solutions worldwide. Its sensors are being used in surface mount technology (SMT), semiconductor, and metrology markets to improve yields and productivity. The company offers multi-reflection suppression sensors for application in the SMT, semiconductor, and metrology markets; and strobe inspection modules for use in 2D automated optical inspection (AOI) systems.

Read More: Dividend Achievers

Receive News & Ratings for CyberOptics Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for CyberOptics and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

Ancora Advisors LLC Sells 104405 Shares of Civeo Corp (NYSE:CVEO)

Millennium Management LLC bought a new position in Civeo in the 4th quarter valued at approximately $109,000. Finally, Envestnet Asset …

Civeo logoAncora Advisors LLC reduced its stake in Civeo Corp (NYSE:CVEO) by 14.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 596,403 shares of the business services provider’s stock after selling 104,405 shares during the period. Ancora Advisors LLC owned about 0.35% of Civeo worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brave Asset Management Inc. bought a new position in Civeo in the 2nd quarter valued at approximately $34,000. JPMorgan Chase & Co. bought a new position in Civeo in the 2nd quarter valued at approximately $34,000. Measured Wealth Private Client Group LLC raised its holdings in Civeo by 66.8% in the 1st quarter. Measured Wealth Private Client Group LLC now owns 22,981 shares of the business services provider’s stock valued at $48,000 after buying an additional 9,202 shares during the last quarter. Millennium Management LLC bought a new position in Civeo in the 4th quarter valued at approximately $109,000. Finally, Envestnet Asset Management Inc. raised its holdings in Civeo by 148.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 74,777 shares of the business services provider’s stock valued at $129,000 after buying an additional 44,715 shares during the last quarter. Institutional investors own 66.07% of the company’s stock.

Several research analysts have issued reports on CVEO shares. Zacks Investment Research lowered shares of Civeo from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Stifel Nicolaus set a $4.00 price target on shares of Civeo and gave the stock a “buy” rating in a report on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $3.67.

Shares of CVEO stock opened at $1.35 on Friday. Civeo Corp has a 52 week low of $1.12 and a 52 week high of $4.43. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.85. The firm has a 50 day moving average of $1.45 and a 200-day moving average of $1.77.

Civeo (NYSE:CVEO) last announced its quarterly earnings data on Monday, July 29th. The business services provider reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. The company had revenue of $122.15 million during the quarter, compared to the consensus estimate of $117.40 million. Civeo had a negative net margin of 12.64% and a negative return on equity of 11.21%. Research analysts expect that Civeo Corp will post -0.23 EPS for the current year.

Civeo Profile

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, the United States, and internationally. The company develops lodges and villages; and mobile accommodations, including modular, skid-mounted accommodation, and central facilities that provide long-term and temporary work force accommodations.

Featured Article: Percentage Decliners

Institutional Ownership by Quarter for Civeo (NYSE:CVEO)

Receive News & Ratings for Civeo Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Civeo and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

Crowdstrike (NASDAQ:CRWD) Releases FY20 Earnings Guidance

Crowdstrike (NASDAQ:CRWD) issued an update on its FY20 earnings guidance on Thursday morning. The company provided earnings per share …

Crowdstrike logoCrowdstrike (NASDAQ:CRWD) issued an update on its FY20 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of ($0.65-0.62) for the period, compared to the Thomson Reuters consensus estimate of ($0.71). The company issued revenue guidance of $445.4-451.8 million, compared to the consensus revenue estimate of $435.04 million.Crowdstrike also updated its FY 2020 guidance to $-0.65–0.62 EPS.

A number of equities research analysts have commented on CRWD shares. Goldman Sachs Group initiated coverage on Crowdstrike in a report on Monday, July 8th. They issued a neutral rating and a $66.00 target price for the company. Bank of America restated a buy rating and issued a $103.00 price target (up previously from $89.00) on shares of Crowdstrike in a report on Tuesday, August 13th. Summit Insights initiated coverage on Crowdstrike in a report on Wednesday, August 28th. They issued a hold rating and a $75.00 price target for the company. JPMorgan Chase & Co. lifted their price target on Crowdstrike from $104.00 to $109.00 and gave the company an overweight rating in a report on Friday, September 6th. Finally, Macquarie lifted their price target on Crowdstrike from $100.00 to $105.00 and gave the company an outperform rating in a report on Friday, September 6th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $87.44.

CRWD traded down $4.80 during trading on Friday, reaching $64.86. 4,166,281 shares of the company were exchanged, compared to its average volume of 2,875,321. The business’s 50 day moving average price is $87.46. Crowdstrike has a 52 week low of $56.00 and a 52 week high of $101.88.

Crowdstrike (NASDAQ:CRWD) last issued its quarterly earnings data on Thursday, September 5th. The company reported ($0.18) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.43) by $0.25. The company had revenue of $108.10 million for the quarter, compared to the consensus estimate of $103.79 million. The business’s quarterly revenue was up 94.1% on a year-over-year basis. Equities analysts predict that Crowdstrike will post -1.06 EPS for the current year.

See Also: Do equity income investments outperform growth and income investments?

Earnings History and Estimates for Crowdstrike (NASDAQ:CRWD)

Receive News & Ratings for Crowdstrike Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Crowdstrike and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

ValuEngine Lowers Nordic American Tanker (NYSE:NAT) to Sell

Man Group plc bought a new position in Nordic American Tanker during the second quarter worth $25,000. Chicago Equity Partners LLC bought a …

Nordic American Tanker Ltd logoValuEngine downgraded shares of Nordic American Tanker (NYSE:NAT) from a hold rating to a sell rating in a research report sent to investors on Thursday morning, ValuEngine reports.

Several other equities analysts have also recently issued reports on the company. B. Riley set a $5.00 price objective on Nordic American Tanker and gave the stock a buy rating in a research note on Friday, August 16th. Zacks Investment Research upgraded Nordic American Tanker from a sell rating to a hold rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $2.81.

Nordic American Tanker stock opened at $2.05 on Thursday. The stock has a 50 day moving average of $1.89 and a 200-day moving average of $2.09. Nordic American Tanker has a 52 week low of $1.66 and a 52 week high of $3.47. The stock has a market cap of $291.04 million, a P/E ratio of -3.36 and a beta of 0.63. The company has a current ratio of 2.54, a quick ratio of 1.98 and a debt-to-equity ratio of 0.67.

Nordic American Tanker (NYSE:NAT) last announced its quarterly earnings data on Friday, August 16th. The shipping company reported ($0.11) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.01. Nordic American Tanker had a negative return on equity of 6.26% and a negative net margin of 38.10%. The firm had revenue of $30.65 million for the quarter, compared to analysts’ expectations of $33.65 million. As a group, equities analysts predict that Nordic American Tanker will post -0.18 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, August 29th. Nordic American Tanker’s dividend payout ratio (DPR) is presently -6.56%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Paloma Partners Management Co bought a new position in Nordic American Tanker during the second quarter worth $25,000. Man Group plc bought a new position in Nordic American Tanker during the second quarter worth $25,000. Chicago Equity Partners LLC bought a new position in Nordic American Tanker during the second quarter worth $26,000. GWM Advisors LLC bought a new position in Nordic American Tanker during the second quarter worth $28,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in Nordic American Tanker during the first quarter worth $35,000. Hedge funds and other institutional investors own 24.58% of the company’s stock.

Nordic American Tanker Company Profile

Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 33 Suezmax crude oil tankers. The company was founded in 1995 and is based in Hamilton, Bermuda.

Read More: What is a Market Correction?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Nordic American Tanker Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Nordic American Tanker and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts