10-May-2024
Virgin Galactic Hold Rating: Balancing Progress and Uncertainty in Space Tourism Demand
TipRanks (Fri, 10-May 6:35 PM ET)
KeyBanc Reaffirms Their Hold Rating on Virgin Galactic Holdings (SPCE)
TipRanks (Fri, 10-May 2:45 AM ET)
Virgin Galactic Sell Rating Affirmed Amidst Increased Cash Burn and Delayed Operational Milestones
TipRanks (Thu, 9-May 6:19 AM ET)
Virgin Galactic Reports Better-Than-Expected Q1 Results
Benzinga (Tue, 7-May 5:30 PM ET)
Virgin Galactic Q1 revenue swells on commercial spaceflight fees
Seeking Alpha News (Tue, 7-May 5:16 PM ET)
Virgin Galactic GAAP EPS of -$0.25 beats by $0.04, revenue of $1.99M misses by $0.06M
Seeking Alpha News (Tue, 7-May 4:07 PM ET)
Virgin Galactic Announces First Quarter 2024 Financial Results and Provides Business Update
Business Wire (Tue, 7-May 4:05 PM ET)
Options Volatility and Implied Earnings Moves Today, May 07, 2024
TipRanks (Tue, 7-May 7:05 AM ET)
Virgin Galactic begins ground testing of Delta spaceship subsystems
Seeking Alpha News (Mon, 6-May 7:37 AM ET)
Options Volatility and Implied Earnings Moves This Week, May 06 – May 10, 2024
TipRanks (Mon, 6-May 7:01 AM ET)
Virgin Galactic Holdings Inc is a United States-based vertically integrated aerospace company pioneering human spaceflight for private individuals & researchers, and it also manufactures advanced air and space vehicles. Using technologies, the company is developing a spaceflight system designed to offer its customers a multi-day, and transformative experience. This culminates in a spaceflight that includes views of Earth from space and several minutes of weightlessness that will launch from Spaceport America, New Mexico.
Virgin Galactic Hldgs trades on the NYSE stock market under the symbol SPCE.
As of May 10, 2024, SPCE stock price declined to $0.95 with 30,049,144 million shares trading.
SPCE has a beta of 3.60, meaning it tends to be more sensitive to market movements. SPCE has a correlation of 0.32 to the broad based SPY ETF.
SPCE has a market cap of $391.72 million. This is considered a Small Cap stock.
Last quarter Virgin Galactic Hldgs reported $2 million in Revenue and -$.25 earnings per share. This beat revenue expectation by $65,000 and exceeded earnings estimates by $.04.
In the last 3 years, SPCE stock traded as high as $57.51 and as low as $.70.
The top ETF exchange traded funds that SPCE belongs to (by Net Assets): XAR, VTI, VB, IWM, VXF.
SPCE has underperformed the market in the last year with a return of -77.2%, while the SPY ETF gained +27.8%. In the last 3 month period, SPCE fell short of the market, returning -46.8%, while SPY returned +4.2%. However, in the most recent 2 weeks SPCE has outperformed the stock market by returning +7.3%, while SPY returned +2.5%.
SPCE support price is $.95 and resistance is $1.11 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPCE stock will trade within this expected range on the day.