Virgin Galactic (SPCE) Stock Dips Amidst Financial Struggles

Dec 03, 2024

Virgin Galactic (SPCE, Financial) experienced a significant stock dip of 5.06%, with shares trading at $6.67. The trading volume reached 1.22 million shares, with a turnover rate of 4.23% and a price fluctuation amplitude of 4.56%. Recent financial reports reveal an operating income of $402,000 and a net loss of $74.54 million, translating to an earnings per share of -$2.66. The gross profit stood at -$23.81 million, with a price-to-earnings ratio of -0.41.

Analyst ratings show mixed sentiments: 20% recommend buying, 40% suggest holding, and another 40% advise selling. The aerospace and defense sector, where Virgin Galactic operates, saw a minor overall increase of 0.10%. Notable performers in the sector include Nauticus Robotics Inc and Satellogic Inc, which showed significant gains, while Nauticus Robotics, Inc. and Parazero Technologies Ltd. remained active.

Virgin Galactic Holdings Inc is a U.S.-based aerospace company pioneering manned spaceflight for individuals and researchers, offering transformative space travel experiences.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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