ARKX: Space Stocks Took Off, But Are Now In A Holding Pattern
Source: SeekingAlpha
2025-01-17 08:38:14 ET
Summary
- Space tech stocks have taken flight since Q4 last year, but I see issues on the chart while the broad industry may continue to be favored.
- ARKX focuses on space technology innovation, with a diversified portfolio but high concentration in the top 10 stocks and a 0.75% expense ratio.
- The ETF has mixed valuation metrics, with a P/E ratio of 25.8 and a PEG ratio near 2, and faces liquidity issues.
- Technically, ARKX shows resistance at $21, with bearish momentum divergence and a need for correction, supported near $18.70 and $16.
The post-election pop for many speculative industries has wavered as volatility has crept back into markets given rising interest rates, a strong dollar, and uncertainty regarding what the effect of President-elect Trump’s tariffs will be. ...
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ARKX: Space Stocks Took Off, But Are Now In A Holding Pattern
Rocket Lab Corporation
NASDAQ: RKLB
RKLB Trading
-7.12% G/L:
$123.29 Last:
12,925,843 Volume:
$128.10 Open:
RKLB Latest News
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$38,475,280,666
470,591,729
0.12%
23
N/A
Aerospace & Defense
Industrials
US
Long Beach
