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

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

Shares of companies in the industrial sector are trading higher after a recent drop due to worse-than-expected January CPI data indicating a rise in inflation.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 8:32 pm

Today's session highlighted significant options activity for 10 industrials stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions, suggesting shifts in market sentiment for stocks like GE, LYFT, JCI, DDD, MMM, BA, VRT, SPCE, UBER, and DAL. The activity varied from bullish to bearish sentiments across different expiration dates and strike prices, reflecting diverse market expectations.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 5:35 pm

Shares of companies in the industrial sector are down due to a higher-than-expected rise in January inflation data, affecting investor sentiment and stock prices.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:38 pm

Virgin Galactic Holdings, Inc. (SPCE) reported to the FAA that an alignment pin detached from the mothership during the 'Galactic 06' flight. The issue, discovered during a standard post-flight review, did not pose a safety risk to the crew or vehicles. Virgin Galactic is conducting a review with the FAA, emphasizing that the flight was successful and adhered to safety protocols.

Portfolio Pulse from Charles Gross

February 05, 2024 | 10:04 pm

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