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Chris Perruna, senior vice president at Self-employed, highlights RKLB at $65.74 and ASTS at $57.42 as promising stocks in the space industry. Perruna suggests that these two companies could represent key investment plays in the sector.
According to Perruna, SPCX is trading at $119.85 and may bottom out after lock-up periods, potentially making a strong run over the long term. He further asserts that while the entire group of space-related stocks is expected to rise eventually, smaller names could outperform their larger counterparts. Perruna questions why investors would not consider holding all three stocks.
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Earlier this week, Perruna noted RDDT trading above $200 as the stock formed the right side of a seven-month base. He also commented on META climbing 8 percent to close at $631.48, just below its 200-day moving average. These observations reflect his ongoing focus on technical milestones in high-profile equities.