Streetbeat News

SPCE

Virgin Galactic Holdings, Inc.

https://www.virgingalactic.com

Industry

Aerospace & Defense

Virgin Galactic Holdings, Inc. focuses on the development, manufacture, and operation of spaceships and related technologies for conducting commercial human spaceflight and flying commercial research and development payloads into space. It is also involved in the ground and flight testing, and post-flight maintenance of its spaceflight system vehicles. The company serves private individuals, researchers, and government agencies. Virgin Galactic Holdings, Inc. was founded in 2017 is headquartered in Las Cruces, New Mexico. Virgin Galactic Holdings, Inc. was a former subsidiary of Virgin Orbit Holdings, Inc.

Open

6.60

Mkt cap

195M

Volume

1.3M

High

6.95

P/E Ratio

-0.42

52-wk high

54.60

Low

6.59

Div yield

N/A

52-wk low

5.26

During Wednesday's intraday session, several industrial stocks experienced significant movements. Wheels Up Experience (UP) saw a 19.5% increase, while ESGL Holdings (ESGL) rose by 16.99%. ClearSign Technologies (CLIR), Xos (XOS), Energy Focus (EFOI), and Energous (WATT) also saw gains. Conversely, Erayak Power Solution Gr (RAYA), Emeren Group (SOL), Freightos (CRGO), Mynaric (MYNA), Tigo Energy (TYGO), and Virgin Galactic Hldgs (SPCE) experienced declines, with SOL and CRGO reacting to their Q3 earnings reports released the previous day.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 5:31 pm

Virgin Galactic Holdings Inc (NYSE:SPCE) shares fell in premarket trading as Morgan Stanley analyst Kristine Liwag downgraded the stock from Equal-Weight to Underweight and cut the price target from $4.00 to $1.75. The downgrade follows the company's decision to pause revenue-generating space flights to conserve cash and focus on developing its Delta-class fleet. Liwag notes that Virgin Galactic has successfully completed five missions since late June 2023 but anticipates a 'catalyst-light period' with limited flights planned for the first half of 2024 and a halt in revenue flights until around 2026.

Portfolio Pulse from Priya Nigam

November 22, 2023 | 4:19 pm

In Wednesday's pre-market session, several industrial stocks showed significant movement. Earlyworks Co (ELWS) and Gaucho Group Holdings (VINO) were among the gainers, with ELWS rising 23.3% and VINO up 6.53%. Dragonfly Energy Hldgs (DFLI), Sidus Space (SIDU), Babcock & Wilcox (BW), and Falcons Beyond Global (FBYD) also saw gains. On the losing side, Emeren Group (SOL) and Deere (DE) experienced declines of 17.6% and 5.73%, respectively, following their earnings reports. Mesa Air Gr (MESA), Virgin Galactic Hldgs (SPCE), Safe & Green Holdings (SGBX), and C3is (CISS) also saw their stock prices drop.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 1:06 pm

Wall Street analysts have updated their price targets and ratings for several US-listed companies. Telsey Advisory Group raised Hibbett, Inc.'s target to $73 and maintained an Outperform rating. Piper Sandler downgraded Autodesk, Inc. and cut its target to $215. TD Cowen raised Jack in the Box Inc.'s target to $71 with a Market Perform rating. Keybanc reduced Salesforce, Inc.'s target to $268 but kept an Overweight rating. RBC Capital increased GoDaddy Inc.'s target to $124 and upgraded the stock to Outperform. JP Morgan raised The Clorox Company's target to $145 and upgraded it to Neutral. Morgan Stanley downgraded Virgin Galactic Holdings, Inc. and slashed its target to $1.75. Telsey Advisory Group increased DICK'S Sporting Goods, Inc.'s target to $145 with an Outperform rating. Telsey also lowered Best Buy Co., Inc.'s target to $75 with a Market Perform rating. Lastly, Citigroup upgraded Ovintiv Inc. to Buy and raised its target to $52.

Portfolio Pulse from Lisa Levin

November 22, 2023 | 12:54 pm

DLocal Limited reported lower-than-expected Q3 earnings and sales, reaffirmed FY23 revenue guidance below estimates, and announced the CFO's departure, causing shares to drop 12.9% in pre-market. Other stocks experiencing pre-market losses include Guess?, The Beachbody Company, Gaotu Techedu, Virgin Galactic, Autodesk, MorphoSys, Symbotic, and HP Inc. Reasons for declines vary from disappointing financial results to company-specific news such as reverse stock splits and study results.

Portfolio Pulse from Lisa Levin

November 22, 2023 | 11:05 am

Morgan Stanley analyst Kristine Liwag has downgraded Virgin Galactic Holdings (SPCE) from Equal-Weight to Underweight and reduced the price target from $4 to $1.75.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 10:56 am

Southwest Iceland is on high alert for a potential volcanic eruption, the largest in 50 years, following thousands of earthquakes. A state of emergency has been declared, and residents of Grindavik are evacuating. The eruption could impact air travel and the local geothermal power plant. The situation has highlighted the importance of companies involved in disaster monitoring and recovery. Procure has two ETFs, the Procure Space ETF (UFO) and the Procure Disaster Recovery Strategy ETF (FIXT), which include companies like Virgin Galactic (SPCE) and Nvidia (NVDA), focusing on disaster preparedness and response.

Portfolio Pulse from Melanie Schaffer

November 15, 2023 | 7:50 pm

The article lists the stocks that gained and lost the most in Thursday's mid-day session. Among the gainers were Intelligent Bio Solutions Inc., Astra Space, Inc., and Tempest Therapeutics, Inc., which saw significant increases due to positive quarterly results and acquisition proposals. Among the losers were Enviva Inc., ContraFect Corporation, and Atara Biotherapeutics, Inc., which saw significant decreases due to poor quarterly results and disappointing clinical trial outcomes.

Portfolio Pulse from Lisa Levin

November 09, 2023 | 6:13 pm

During Thursday's intraday session, several industrial stocks experienced significant movements. JanOne, Astra Space, Virgin Galactic Hldgs, Alta Equipment Group, Primech Holdings, and Limbach Holdings saw their stocks rise, with increases ranging from 14.96% to 82.0%. On the other hand, NuScale Power, FREYR Battery, Baiyu Holdings, ShiftPixy, HireQuest, and Falcons Beyond Global saw their stocks fall, with decreases ranging from 13.5% to 32.5%. Most of these companies recently released their Q3 earnings reports.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 5:31 pm

Virgin Galactic Holdings, Inc (NYSE:SPCE) reported strong Q2 results, beating expectations and showing significant growth, which led to a surge in its stock price. The company's earnings loss was 28 cents per share on revenue of $1.73 million, better than the estimated loss of 43 cents per share. Investors interested in the space sector may also consider the Procure Space ETF (NASDAQ:UFO), which invests in companies in the space sector, including Virgin Galactic. The ETF also holds Planet Labs PBC (NYSE:PL) and Globalstar, Inc (AMEX:GSAT), both involved in the current Middle East crisis.

Portfolio Pulse from Melanie Schaffer

November 09, 2023 | 3:58 pm

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