In this article, we discuss the 5 cheap space stocks popular on Reddit. If you want to read our detailed analysis of these stocks, go directly to the 10 Cheap Space Stocks Popular On Reddit.
5. AST SpaceMobile, Inc. (NASDAQ:ASTS)
Number of Hedge Fund Holders: 15
AST SpaceMobile, Inc. (NASDAQ:ASTS) is ranked fifth on our list of 10 cheap space stocks popular on Reddit. The company is headquartered in Texas and operates as a communications firm providing a space-based mobile data network.
On July 12, investment advisory Barclays initiated coverage of AST SpaceMobile, Inc. (NASDAQ:ASTS) stock with an Overweight rating and a price target of $29, noting that the proposition of the firm was “unique and the addressable market very significant”.
At the end of the second quarter of 2021, 15 hedge funds in the database of Insider Monkey held stakes worth $74 million in AST SpaceMobile, Inc. (NASDAQ:ASTS).
4. Maxar Technologies Inc. (NYSE:MAXR)
Number of Hedge Fund Holders: 15
Maxar Technologies Inc. (NYSE:MAXR) is a Colorado-based company that markets earth intelligence and space infrastructure solutions across the world. It is placed fourth on our list of 10 cheap space stocks popular on Reddit.
On August 30, investment advisory Barclays initiated coverage of Maxar Technologies Inc. (NYSE:MAXR) stock with an Equal Weight rating and a price target of $35. David Strauss, an analyst at the firm, issued the ratings update.
Out of the hedge funds being tracked by Insider Monkey, New York-based firm Simcoe Capital Management is a leading shareholder in Maxar Technologies Inc. (NYSE:MAXR) with 2.4 million shares worth more than $96 million.
3. Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)
Number of Hedge Fund Holders: 18
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) is a California-based company that makes and sells space-related products and services. It is ranked third on our list of 10 cheap space stocks popular on Reddit.
On August 5, investment advisory Alembic Global upgraded Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) stock to Overweight from Neutral with a price target of $29, appreciating the second quarter earnings report of the firm.
Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm ARK Investment Management is a leading shareholder in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) with 8.3 million shares worth more than $237 million.
2. Virgin Galactic Holdings, Inc. (NYSE:SPCE)
Number of Hedge Fund Holders: 18
Virgin Galactic Holdings, Inc. (NYSE:SPCE) is placed second on our list of 10 cheap space stocks popular on Reddit. The firm operates as a human spaceflight and integrated aerospace company. It is headquartered in New Mexico.
On September 8, investment advisory Susquehanna maintained a Neutral rating on Virgin Galactic Holdings, Inc. (NYSE:SPCE) stock with a price target of $35, noting that the firm still had a pathway to flying a successful commercial mission in the next four weeks.
Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Virgin Galactic Holdings, Inc. (NYSE:SPCE) with 4.5 million shares worth more than $209 million.
1. Astronics Corporation (NASDAQ:ATRO)
Number of Hedge Fund Holders: 19
Astronics Corporation (NASDAQ:ATRO) is ranked first on our list of 10 cheap space stocks popular on Reddit. The company makes and sells several products used by the space industry across the globe and is headquartered in New York.
Astronics Corporation (NASDAQ:ATRO) has a market capitalization of over $417 million and posted more than $500 million in revenue last year. It recently won a $6 million contract for the manufacturing of a hand rinsing device that will be installed in schools.
At the end of the second quarter of 2021, 19 hedge funds in the database of Insider Monkey held stakes worth $95 million in Astronics Corporation (NASDAQ:ATRO), up from 17 the preceding quarter worth $84 million.
You can also take a peek at 15 Dividend Stocks People Buy for Early Retirement and Analyzing Tesla, Inc. (TSLA): Future Growth Catalysts, Hedge Fund Sentiment and Analyst Ratings.
