Procure Space ETF ( UFO) Stock. Should you Buy or Sell? $ 20.94
0.49 (2.29 %)
Procure Space ETF Analysis
Updated on 10-09-2022| Symbol | UFO |
| Price | $20.94 |
| Beta | 0.000 |
| Volume Avg. | $14.09 thousand |
| Market Cap | $216.51 M |
| 52 Week Range | $19.37 - $31.5 |
Procure Space ETF opened the day at $20.94 which is +'2.29 % on yesterday's close. Procure Space ETF has a 52 week high of $31.5 and 52 week low of $19.37, which is a difference of $12.13. We like to see positive, upward trending shares, preferably with momentum. Market capitalization is $216.51 M and total net profit is $0 which means the company is trading at inf times profit to market capitalization. Theoretically, if you were to buy Procure Space ETF for $216.51 M, it would take 15 years to get your money back. Procure Space ETF are in the space which will have a sweet spot and industry standard for net profit multiples.
Price Chart
Financials
Procure Space ETF Stock Forecast - Is Procure Space ETF a Buy or Sell?
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Growth and Value
| PE Ratio | 0.000 |
| Dividend Yiel | 0.025 |
| Net Profit Margin | 0.000 |
Valuing Procure Space ETF
| Price Book Value Ratio | 0.000 | Price To Book Ratio | 0.000 |
| Price To Sales Ratio | 0.000 | Price Earnings Ratio | 0.000 |
How liquid is Procure Space ETF
| Current Ratio | 0.000 |
| Quick Ratio | 0.000 |
Debt
| Debt Ratio | 0.000 | Debt Equity Ratio | 0.000 |
| Long Term Debt To Capitalization | 0.000 | Total Debt To Capitalization | 0.000 |
Latest news about Procure Space ETF
The manufacturing sector continues to be plagued by supply chain problems while demand is weakening. A post-pandemic reshuffle is in the making, with demand weakening and supply becoming less disrupted.
Many governments and corporations have pledged to reduce their carbon footprint and emissions that contribute to climate change. Thanks to an ongoing reduction in launch costs and resulting acceleration in the deployment of satellites to space, monitoring capabilities across the globe have expanded.
Despite the rush of capital and indeed revenue into space sector companies, we noted in December last year that the sector ETFs lacked appeal. This was a righteous call as it turned out - both UFO and ARKX are down a great deal since then.
ARKX: Persistent High Inflation A Risk For High-Multiple Stocks
Astra: 2022 Is A Pivotal Year For Revenues And New Launches
About Procure Space ETF
Description :
The fund invests, under normal circumstances, at least 80% of its net assets in companies of the underlying index that receive at least 50% of their revenues or profits from space-related businesses. The underlying index is designed to serve as an equity benchmark for a globally traded portfolio of companies that are engaged in space-related business, such as those utilizing satellite technology. The fund is non-diversified.
