Defense Stocks To Add to Your Watchlist – November 8th

GE Aerospace, Axon Enterprise, Rocket Lab, Boeing, and RTX are the five Defense stocks to watch today, according to MarketBeat’s stock screener tool. Defense stocks are shares of companies that supply military equipment, weapons, technology, or services to governments and armed forces. Investors often group them as a sector, whose performance can be influenced by defense budgets, government contracts, and geopolitical events. These companies had the highest dollar trading volume of any Defense stocks within the last several days.

GE Aerospace (GE)

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.

Shares of NYSE GE traded up $8.81 during trading on Friday, hitting $323.54. The company had a trading volume of 5,306,018 shares, compared to its average volume of 5,469,304. The firm has a market capitalization of $334.33 billion, a price-to-earnings ratio of 37.32, a price-to-earnings-growth ratio of 2.20 and a beta of 1.43. The stock has a fifty day simple moving average of $314.70 and a two-hundred day simple moving average of $323.12. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. GE Aerospace has a fifty-two week low of $268.91 and a fifty-two week high of $388.84.

Axon Enterprise (AXON)

Axon Enterprise, Inc. develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, Software and Sensors, and TASER. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.

Axon Enterprise stock traded down $69.56 during midday trading on Friday, reaching $313.00. The company had a trading volume of 5,224,684 shares, compared to its average volume of 1,037,242. The company has a market capitalization of $25.43 billion, a P/E ratio of 100.32, a P/E/G ratio of 5.95 and a beta of 1.48. Axon Enterprise has a 12-month low of $307.00 and a 12-month high of $665.07. The firm’s fifty day simple moving average is $441.53 and its 200-day simple moving average is $475.20. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.15 and a quick ratio of 1.80.

Rocket Lab (RKLB)

Rocket Lab USA, Inc., a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.

Shares of NASDAQ:RKLB traded up $7.08 during trading on Friday, reaching $53.07. The stock had a trading volume of 20,657,666 shares, compared to its average volume of 19,437,812. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.98 and a current ratio of 5.48. The business has a fifty day moving average price of $62.56 and a 200-day moving average price of $78.95. The stock has a market cap of $31.75 billion, a PE ratio of -196.55 and a beta of 3.15. Rocket Lab has a 1-year low of $37.57 and a 1-year high of $151.00.

Boeing (BA)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.

Shares of Boeing stock traded up $0.94 during trading hours on Friday, reaching $173.44. 6,235,738 shares of the company’s stock were exchanged, compared to its average volume of 10,083,168. Boeing has a 1 year low of $165.01 and a 1 year high of $254.35. The company has a market capitalization of $137.44 billion, a P/E ratio of 18.87 and a beta of 1.34. The business has a fifty day moving average of $192.39 and a two-hundred day moving average of $215.41. The company has a quick ratio of 0.34, a current ratio of 1.13 and a debt-to-equity ratio of 6.31.

RTX (RTX)

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.

Shares of NYSE:RTX traded down $2.29 during midday trading on Friday, hitting $189.59. The company’s stock had a trading volume of 5,018,540 shares, compared to its average volume of 5,965,940. The business’s 50 day simple moving average is $193.46 and its 200 day simple moving average is $195.52. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.81 and a current ratio of 1.05. The company has a market cap of $255.84 billion, a P/E ratio of 30.78, a price-to-earnings-growth ratio of 2.11 and a beta of 0.30. RTX has a 12-month low of $166.74 and a 12-month high of $226.88.