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

3.30

Mkt cap

115M

Volume

1.2M

High

3.38

P/E Ratio

-0.23

52-wk high

33.80

Low

3.21

Div yield

N/A

52-wk low

2.85

The U.S. Defense Department's DARPA has selected Northrop Grumman Corp (NOC) to develop a concept for a moon-based railway. This initiative is part of DARPA's 10-year Lunar Architecture Capability Study aimed at establishing lunar infrastructure for future commercial services. Northrop Grumman will explore the feasibility, costs, risks, and necessary resources for building and operating a lunar railway system. This project aligns with growing interest in lunar exploration and space economy, highlighted by recent achievements in space tourism and exploration by companies like Intuitive Machines Inc (LUNR), SpaceX, Rocket Lab USA Inc (RKLB), Virgin Galactic Holdings Inc (SPCE), and Blue Origin.

Portfolio Pulse from Adam Eckert

March 20, 2024 | 9:41 pm

In Monday's intraday session, several industrials stocks showed significant movement. Solidion Technology (STI) led the gainers with a 77.1% increase, while Babcock & Wilcox Enterprises, Inc. 8.125% Senior Notes due 2026 (BWSN) led the losers with an 18.8% decrease. Notably, companies like NuScale Power (SMR), Li-Cycle Holdings (LICY), and Babcock & Wilcox (BW) had their Q4 earnings reports influencing their stock movements.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 5:31 pm

Virgin Galactic's stock price declined following the announcement of its fourth-quarter earnings.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 8:25 pm

Truist Securities analyst Michael Ciarmoli has maintained a Hold rating on Virgin Galactic Holdings (NYSE:SPCE) but lowered the price target from $3 to $2.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 3:26 pm

Nasdaq and S&P 500 futures declined as traders await GDP data and Fed speeches, with Bitcoin nearing $60K. Mixed earnings and weak retail earnings could impact market mood, though small-cap gains suggest a robust economy. Futures for SPDR S&P 500 ETF Trust and Invesco QQQ ETF fell in premarket trading. Companies like Coupang, Agilent Technologies, and Beyond Meat saw premarket movements due to earnings announcements.

Portfolio Pulse from Shanthi Rexaline

February 28, 2024 | 11:09 am

Virgin Galactic anticipates Q1'2024 revenue to be around $2M, falling short of the estimated $4.08M. The company expects a free cash flow between $(125) million to $(135) million for the same period. It also announced the 'Galactic 07' spaceflight mission for Q2'2024, the opening of a spaceship factory in Arizona by mid-2024, and confirmed that the production schedule for Delta Class spaceships, aimed for revenue service in 2026, is on track.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:38 pm

Virgin Galactic Holdings (NYSE:SPCE) reported its Q4 financial results, revealing a revenue miss and an EPS beat. The company announced a Q4 net loss of $104 million, an improvement from the previous year. Full-year revenue for 2023 was $7 million, driven by commercial spaceflights and membership fees. Virgin Galactic ended Q4 with $982 million in cash and expects Q1 revenue of around $2 million with a free cash flow loss between $125 million and $135 million. The company's Galactic 07 spaceflight is scheduled for Q2 2023, and its spaceship factory in Arizona is set to open in mid-2024, with Delta Class spaceship production on track for 2026.

Portfolio Pulse from Chris Katje

February 27, 2024 | 9:32 pm

Virgin Galactic Holdings (SPCE) reported Q4 2023 GAAP EPS of $(0.26), surpassing the $(0.30) estimate, but its sales of $2.81M fell short of the $2.98M forecast. This represents a 223.25% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 9:17 pm

Virgin Galactic Holdings Inc (NYSE:SPCE) is set to report its Q4 financial results, with analysts expecting a revenue of $2.98 million and a loss of 30 cents per share. The company has previously beaten revenue estimates in 8 of the last 10 quarters but has a mixed record on earnings per share. Analysts have mixed views, with Morgan Stanley downgrading the stock due to a pause in space flights, while Truist Securities upgraded it. Key items for investors include updates on flight schedules, reservations, and the company's financial health. SPCE shares are currently up 5.06% at $1.87.

Portfolio Pulse from Chris Katje

February 27, 2024 | 5:02 pm

Numerous companies are scheduled to report their earnings on February 27, 2024, covering a wide range of industries from technology and healthcare to energy and financial services. The report includes a mix of expected quarterly losses and earnings, highlighting the diverse financial health and performance outlooks within the corporate landscape.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 10:01 am

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