Virgin Galactic (SPCE, Financial) experienced a significant stock decline of 5.18%, trading at $6.32 per share with a volume of 1.384 million shares and a turnover rate of 4.79%. The company's recent financial report revealed a revenue of $402,000, a net loss of $74.54 million, and an earnings per share of -$2.66. The gross loss stood at $23.81 million, with a price-to-earnings ratio of -0.39. Among analysts, 20% recommend buying, 40% holding, and 40% selling the stock.
In the aerospace and defense sector, Virgin Galactic's decline contrasts with gains seen in stocks like Satellogic Inc. and Archer Aviation Inc. Virgin Galactic is known for pioneering manned spaceflight and developing advanced aerospace technology.
