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

Virgin Galactic Hldgs (NYSE:SPCE) reported Q2 losses of $(0.46) per share, beating the analyst consensus estimate of $(0.51) by 9.8 percent. However, this represents a 6.98 percent increase in losses compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:29 am

Virgin Galactic Hldgs (NYSE:SPCE) is set to release its latest quarterly earnings report on Tuesday, 2023-08-01. Analysts estimate an earnings per share (EPS) of $-0.51. The company's past performance shows a mixed trend of share price changes post earnings announcements. The stock is currently trading at $3.93, down 45.95% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 8:06 pm

Virgin Galactic Holdings, Inc. (NYSE:SPCE) shares traded higher on Wednesday, adding to the week's gains. The company announced details for its second commercial flight, 'Galactic 02', set to launch on August 10. The flight will carry three private passengers, including an Olympian and a mother-daughter duo who won their seats in a draw. Virgin Galactic is also set to report earnings on August 1, with an expected loss of 51 cents per share on revenue of $2.52 million.

Portfolio Pulse from Ryan Gustafson

July 19, 2023 | 9:34 pm

Several companies have made significant announcements. Advanced Micro-Fabrication Equipment Inc and Naura Technology Group Co expect a doubling in profits due to the U.S. tech embargo. BlackRock Inc plans to expand its Voting Choice program to its largest ETF. Alibaba Group Holding Limited's stock is trading lower as China's Q2 GDP missed estimates. Ford Motor Co announced price cuts for its F-150 Lightning truck. Virgin Galactic Holdings Inc announced the crew of its seventh spaceflight. Rocket Lab USA Inc is preparing to launch a mix of satellites for NASA and commercial satellite constellation operators. Acumen Pharmaceuticals Inc's experimental Alzheimer's drug passed early safety tests. Sony Group Corp and Microsoft Corporation have reportedly reached a 10-year agreement to keep 'Call of Duty' games on PlayStation consoles. Proximus SA is acquiring a 58% stake in Route Mobile. Entain PLC plans to acquire Angstrom Sports. Hennes & Mauritz AB is launching its stores in Brazil. American Airlines Group Inc and JetBlue Airways Corp have initiated the process of dissolving the Northeast Alliance. United Airlines Holdings Inc and its pilots have reached a labor agreement with a substantial pay raise. MoonLake Immunotherapeutics is reportedly looking for a potential sale. Toshiba Corp plans to establish a supply chain for offshore wind power equipment in Japan with General Electric Company.

Portfolio Pulse from Vandana Singh

July 17, 2023 | 2:13 pm

Virgin Galactic Holdings Inc (NYSE:SPCE) has announced the crew of its seventh spaceflight and second commercial spaceflight, 'Galactic 02.' The flight will carry three private passengers to space, including the first astronauts from the Caribbean, the first mother-daughter duo, and the first Olympian. The company's shares are trading higher by 1.32% at $3.85 in premarket on the last check Monday.

Portfolio Pulse from Shivani Kumaresan

July 17, 2023 | 12:32 pm

Virgin Galactic Holdings, Inc. (NYSE:SPCE) has announced the crew of its seventh spaceflight and second commercial spaceflight, ‘Galactic 02,' which will fly three private passengers to space. This mission is expected to achieve several historical milestones and further the Company's mission of broadening access to space.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 10:48 am

SpaceX, led by Elon Musk, is nearing a valuation of $150 billion following a secondary share sale. The company has an agreement with new and existing investors to sell up to $750 million in stock from insiders at $81 per share.

Portfolio Pulse from Charles Gross

July 13, 2023 | 8:54 pm

An option alert has been issued for Virgin Galactic Holdings (SPCE) for January 19 $6 calls at the ask price of $0.68. This is against an open interest of 10,578. The company is expected to release its earnings on August 3 after market close. The reference price is $3.87.

Portfolio Pulse from Charles Gross

July 12, 2023 | 2:48 pm

Blue Origin, Jeff Bezos' space company, experienced an explosion during the testing of its BE-4 rocket engine. The incident could potentially impact the company's customers and its own rocket. The engine was expected to finish testing in July and then be shipped to Blue Origin's customer United Launch Alliance (ULA), a joint venture of Boeing and Lockheed Martin. The failure could further delay the already postponed first Vulcan launch. Blue Origin also needs the engines for its own reusable New Glenn rocket that's in development. Amazon, another Bezos-founded company, has ordered 38 Vulcan launches and up to 27 New Glenn launches for its Project Kuiper internet satellites.

Portfolio Pulse from Happy Mohamed

July 11, 2023 | 7:23 pm

Benzinga Pro has released its list of the most-searched tickers for June 2023. The top 10 includes Tesla, SPDR S&P 500 ETF Trust, Nvidia, Advanced Micro Devices, Carvana, C3.ai, Apple, U Power, Amazon.com, and Advanced Health Intelligence. All 10 have seen positive returns in 2023, with five up by triple-digit percentages. Tesla topped the list for the first time in months, indicating increased attention from retail investors.

Portfolio Pulse from Chris Katje

July 03, 2023 | 3:28 pm

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