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

US stock futures indicate a flat opening after several consecutive gains. Traders are awaiting Federal Reserve Chair Jerome Powell’s speech for insights into possible rate cuts. Media earnings, including Walt Disney Co., are in focus. Bond yields remain stable, reflecting dovish messages from Fed officials. The S&P 500 and the Nasdaq Composite had their longest winning streak since November 2021. In premarket trading, the SPDR S&P 500 ETF Trust ticked up 0.04% and the Invesco QQQ ETF edged down 0.01%. Several companies including Rivian Automotive, Lucid Group, Akamai Technologies, eBay, GoPro, H&R Block, IAC Inc., and Upstart Holdings reported earnings.

Portfolio Pulse from Shanthi Rexaline

November 08, 2023 | 12:12 pm

Virgin Galactic has announced a strategic realignment of the company's resources and a related workforce reduction to support the production of its Delta Class spaceships. The company's senior leadership will share additional details on the third-quarter earnings call, scheduled for November 8, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 7:17 am

During Monday's intraday session, several industrials stocks experienced significant movements. Fathom Digital Mfg, Turbo Energy, JE Cleantech Hldgs, Manitex International, Safe & Green Holdings, and BEST saw their shares rise, while Astra Space, FiscalNote Holdings, V2X, Tecnoglass, Ameresco, and Virgin Galactic Hldgs experienced a decrease in their stock prices.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 5:31 pm

Virgin Galactic Holdings Inc (NASDAQ:SPCE) shares are trading higher by 9.4% after the company announced the completion of its sixth space mission in six months and its tenth mission overall. The recent mission involved converting Virgin Galactic's spaceship into a suborbital lab for space-based scientific research. The company plans to proceed with post-flight analysis and pre-flight readiness procedures for its next commercial space mission, scheduled for January next year.

Portfolio Pulse from Henry Khederian

November 03, 2023 | 5:10 pm

Virgin Galactic Holdings, Inc. (NYSE:SPCE) announced the completion of its sixth successful spaceflight in six months, boosting its shares. The company is also expected to report third-quarter earnings results on Nov. 8, with expected losses of 43 cents and revenue of $1.07 million.

Portfolio Pulse from Ryan Gustafson

November 02, 2023 | 6:48 pm

Virgin Galactic Holdings, Inc. (NYSE:SPCE) has announced the successful completion of its sixth space mission in six months, and tenth overall. The mission, named 'Galactic 05', saw the company's spaceship converted into a suborbital lab for space-based scientific research for the second time. The company plans to use insights from the mission to enhance the research capabilities of its future Delta-class spaceships.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 5:10 pm

SpaceX (NASDAQ:SPCE) CEO Elon Musk has announced plans to use the company's Starlink satellite system to improve communication links in Gaza, amid a communication blackout. The move has been met with resistance from Israeli authorities, who fear it could be used for terrorist activities. Musk has stated that SpaceX will support communication links with internationally recognized aid organizations.

Portfolio Pulse from Bibhu Pattnaik

October 29, 2023 | 8:26 pm

Virgin Galactic Holdings Inc (NYSE:SPCE) is preparing for its sixth spaceflight, Galactic 05, during which its spaceship will be converted into a suborbital space lab for research. The mission, set to open on Nov. 2, will include Dr. Alan Stern and Kellie Gerardi, who will collect physiological data and evaluate healthcare technologies in microgravity conditions. Virgin Galactic commenced commercial spaceline operations in June this year.

Portfolio Pulse from Anan Ashraf

October 24, 2023 | 8:18 am

SpaceX, the aerospace manufacturer founded by Elon Musk, has won a key satellite launch deal with the European Space Agency (ESA). The deal will facilitate the launch of several European navigation and secure communication satellites. The U.S.-based Falcon 9 rockets will take the satellites into space. This contract marks the first time EU institutions have sought SpaceX's expertise to launch satellites equipped with classified gear.

Portfolio Pulse from Shivani Kumaresan

October 23, 2023 | 12:53 pm

Truist Securities analyst Michael Ciarmoli has maintained a 'Sell' rating on Virgin Galactic Holdings (NYSE:SPCE) and lowered the price target from $3 to $1.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 5:01 pm

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