SpaceX $SPCX Stock: Csenge Advisory Group Raises Position

Csenge Advisory Group boosted its stake in shares of SpaceX (NASDAQ:SPCX) by 817.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,546 shares of the company’s stock after purchasing an additional 35,235 shares during the quarter. Csenge Advisory Group’s holdings in SpaceX were worth $5,966,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Gables Capital Management Inc. boosted its stake in shares of SpaceX by 78.2% in the 3rd quarter. Gables Capital Management Inc. now owns 12,328 shares of the company’s stock valued at $1,860,000 after buying an additional 5,408 shares during the period. D Orazio & Associates Inc. acquired a new position in shares of SpaceX during the third quarter worth about $24,702,000. Marathon Wealth Advisors LLC purchased a new stake in shares of SpaceX during the third quarter worth approximately $231,000. Account Management LLC purchased a new stake in shares of SpaceX during the third quarter worth approximately $1,343,000. Finally, 71 West Capital Partners acquired a new stake in SpaceX in the third quarter valued at approximately $1,765,000.

SpaceX Price Performance

NASDAQ SPCX opened at $143.09 on Wednesday. The company has a quick ratio of 3.00, a current ratio of 3.08 and a debt-to-equity ratio of 0.20. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. The firm has a market capitalization of $1.94 trillion and a P/E ratio of 550.35. The company has a fifty day moving average of $149.18.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.25. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The company had revenue of $14.57 billion for the quarter. During the same period in the previous year, the business posted ($0.36) EPS. The business’s revenue for the quarter was up 161.4% compared to the same quarter last year. On average, research analysts expect that SpaceX will post 0.19 earnings per share for the current year.

Insider Buying and Selling at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total value of $52,547,046.90. Following the completion of the sale, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. This represents a 12.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX will compete for up to $10 billion in NASA lunar-base contracts, adding a potential source of business beyond launches and satellite services. The contracts have not yet been awarded. Article: SpaceX to compete for NASA lunar-base contracts
• Positive Sentiment: SpaceX’s AI-computing plans are attracting investor and analyst attention. Deutsche Bank sees tighter data-center rules potentially benefiting the company by limiting available computing capacity and supporting higher prices; reported AI-computing arrangements could also create a new revenue stream. Article: Deutsche Bank on SpaceX and data-center rules
• Neutral Sentiment: The proposed $24 billion Starbase data center and gas-fired power plant could expand SpaceX’s AI capacity and provide dedicated energy, but it remains a plan rather than an operating asset. Article: SpaceX plans a Starbase data center and gas plant
• Negative Sentiment: The Texas project faces policy uncertainty: Governor-elect Gina Hinojosa has supported pausing new hyperscale data centers, and SpaceX is seeking tax breaks. Delays or restrictions could impede the expansion. Article: Texas AI project faces policy hurdles
• Negative Sentiment: Analysts and commentators have flagged the cost of SpaceX’s AI buildout and energy investments, which could pressure cash flow if revenue growth does not justify the heavy spending. Article: SpaceX’s energy investments and cash-flow risk

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SPCX shares. Oppenheimer lifted their price target on shares of SpaceX from $250.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. The Goldman Sachs Group reiterated a “buy” rating and set a $245.00 price target on shares of SpaceX in a report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $235.00 price objective on shares of SpaceX in a research report on Monday, September 28th. Weiss Ratings initiated coverage on shares of SpaceX in a report on Tuesday, September 1st. They issued a “sell (d)” rating on the stock. Finally, Cantor Fitzgerald lifted their price objective on shares of SpaceX from $246.00 to $345.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 20th. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.60.

SpaceX Company Profile

Space Exploration Technologies Corp., commonly known as SpaceX, is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles and spacecraft designed to reduce the cost of access to space and support commercial, government and scientific missions. SpaceX’s principal products and services include the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starlink satellite communications network. Falcon rockets are used to launch satellites, cargo and crew, while Dragon spacecraft support transportation to and from low Earth orbit.