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

Susquehanna analyst Charles Minervino maintains a Neutral rating on Virgin Galactic Hldgs (NYSE:SPCE) and lowers the price target from $3.75 to $2.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 3:24 pm

Several US stocks recorded gains in Thursday's trading session, despite the Dow Jones falling around 75 points. Companies such as Virgin Galactic, Affirm Holdings, Infinera Corporation, Marathon Digital Holdings, SomaLogic, PubMatic, LiveRamp Holdings, Braskem, Calumet Specialty Products Partners, Seritage Growth Properties, Riot Platforms, Duolingo, Bloom Energy Corporation, Vertex, Viasat, Natera, Jackson Financial, Prospect Capital Corporation, Amphastar Pharmaceuticals, Carrols Restaurant Group, MicroStrategy, Coinbase Global, TransDigm Group, Paycor HCM, ACI Worldwide, The Walt Disney Company, Tapestry, and Twilio reported better-than-expected financial results, leading to a surge in their share prices.

Portfolio Pulse from Lisa Levin

November 09, 2023 | 3:14 pm

Virgin Galactic reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:12 pm

Virgin Galactic Holdings Inc (NYSE:SPCE) reported better-than-expected Q2 financial results, with revenues of $1.73 million beating the consensus estimate of $1.07 million. The company's top-line results more than doubled YoY, driven by commercial spaceflight and membership fees. The company reported a net loss of 28 cents per share, beating analyst estimates for a loss of 43 cents per share. Virgin Galactic ended the quarter with $1.1 billion in cash, equivalents and marketable securities.

Portfolio Pulse from Adam Eckert

November 09, 2023 | 2:00 pm

The stock market's momentum appears to be waning with futures suggesting a mixed opening for Thursday. Earnings reports have generally been positive, with companies like Walt Disney Co. posting encouraging quarterly results. Bond yields have started to rise in anticipation of the IMF panel discussion, featuring Federal Reserve Chair Jerome Powell. Morgan Stanley's Lisa Shalett remains wary of a potential slowing in economic growth, the specter of sticky inflation, the overall market trend remaining sideways and uninspiring, and the stresses emerging in the high-yield or speculative grade credit.

Portfolio Pulse from Shanthi Rexaline

November 09, 2023 | 12:25 pm

Virgin Galactic anticipates its Q4 2023 revenue to be approximately $3M.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:38 pm

Virgin Galactic reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 9:39 pm

Virgin Galactic Holdings Inc (NYSE:SPCE) reported Q3 results with revenue of $1.7 million, more than double YoY, driven by commercial spaceflight and membership fees. The company reported a net loss of 28 cents per share, improved from a loss of 55 cents per share in the prior year's quarter. Virgin Galactic ended the quarter with $1.1 billion in cash, equivalents and marketable securities. The company expects Q4 revenue of approximately $3 million and forecasts having sufficient capital to achieve positive cash flow in 2026.

Portfolio Pulse from Adam Eckert

November 08, 2023 | 9:31 pm

The article reports on the movement of 12 industrial stocks in Wednesday's after-market session. JanOne, Virgin Galactic Hldgs, Bloom Energy, Matrix Service, Rocket Lab USA, and Alta Equipment Group saw gains, while AerSale, Nauticus Robotics, Astronics, Nxu, Energy Vault Holdings, and TPI Composites experienced losses. Most companies released their Q3 earnings reports.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 9:31 pm

Virgin Galactic Hldgs (NYSE:SPCE) reported Q3 losses of $(0.28) per share, beating the analyst consensus estimate of $(0.43) by 34.88%. This is a 49.09% increase over losses from the same period last year. The company also reported quarterly sales of $1.73 million, beating the analyst consensus estimate of $1.07 million by 61.50%. This is a 125.29% increase over sales from the same period last year.

Portfolio Pulse from bharat@benzinga.com

November 08, 2023 | 9:24 pm

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