Latest news with #VirginGalacticHoldings
Business Insider
17-05-2025
- Business
- Business Insider
Analysts Offer Insights on Industrial Goods Companies: Virgin Galactic Holdings (SPCE) and Electrovaya (ELVA)
There's a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Virgin Galactic Holdings (SPCE – Research Report) and Electrovaya (ELVA – Research Report) with bullish sentiments. Confident Investing Starts Here: Virgin Galactic Holdings (SPCE) In a report released yesterday, Greg Konrad from Jefferies maintained a Buy rating on Virgin Galactic Holdings, with a price target of $8.00. The company's shares closed last Friday at $4.80, close to its 52-week low of $2.85. According to Konrad is ranked #9148 out of 9558 analysts. The word on The Street in general, suggests a Hold analyst consensus rating for Virgin Galactic Holdings with a $14.58 average price target, representing a 289.8% upside. In a report issued on May 15, TD Cowen also maintained a Buy rating on the stock with a $4.50 price target. Electrovaya (ELVA) In a report issued on May 15, Amit Dayal from H.C. Wainwright maintained a Buy rating on Electrovaya, with a price target of $10.00. The company's shares closed last Friday at $3.04. According to Dayal is ranked 0 out of 5 stars with an average return of -18.7% and a 28.3% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as TOMI Environmental Solutions, Amprius Technologies Inc, and Surf Air Mobility, Inc. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Electrovaya with a $5.00 average price target, implying a 61.8% upside from current levels. In a report issued on May 7, Craig-Hallum also maintained a Buy rating on the stock.
Yahoo
17-05-2025
- Business
- Yahoo
Virgin Galactic Holdings First Quarter 2025 Earnings: Beats Expectations
Net loss: US$84.5m (loss narrowed by 17% from 1Q 2024). US$2.38 loss per share (improved from US$5.10 loss in 1Q 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 61%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Looking ahead, revenue is forecast to grow 54% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Aerospace & Defense industry in the US. Performance of the American Aerospace & Defense industry. The company's shares are up 56% from a week ago. Be aware that Virgin Galactic Holdings is showing 2 warning signs in our investment analysis that you should know about... Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
Virgin Galactic Stock Skyrockets on Results, Flight Plans
Virgin Galactic results and plans for future flights sent shares of the space tourism firm soaring 35% Friday. The company founded by billionaire Richard Branson posted a lower loss and higher revenue than expected. Virgin Galactic plans to begin flights with its new Delta Class SpaceShips next year, and expects to charge more than the prior $600,000 for passenger of Virgin Galactic Holdings (SPCE) blasted off Friday, a day after the space tourism provider reported better-than-anticipated results, cut costs, and announced its flight plans. The company will also raise prices on trips next year. The firm started by billionaire Richard Branson posted a first-quarter loss of $2.38 per share, far narrower than last year's $5.10 per share and $0.30 per share less than the Visible Alpha consensus estimate. Revenue slumped 77% year-over-year to $461,000, but that also topped forecasts. The company explained that the decrease was the result of its pause in commercial flights so it could focus on producing its new Delta Class SpaceShips. Operating expenses slid 21% to $88.9 million. Virgin Galactic said it plans to fly its first Delta Class SpaceShips carrying payloads in the summer of 2026, with passenger flights scheduled for the fall. The company noted it is also halfway through a feasibility study of adding a second spaceport in Italy. On the earnings call, CEO Michael Colglazier said that pricing for the Delta flights "has not been set, although we expect the price will increase relative to our last price of $600,000," according to a transcript provided by AlphaSense. Despite today's 35% surge, Virgin Galactic Holdings shares have lost about a quarter of their value this year. Read the original article on Investopedia Sign in to access your portfolio
Yahoo
15-05-2025
- Business
- Yahoo
Virgin Galactic: Q1 Earnings Snapshot
TUSTIN, Calif. (AP) — TUSTIN, Calif. (AP) — Virgin Galactic Holdings, Inc. (SPCE) on Thursday reported a loss of $84.5 million in its first quarter. The Tustin, California-based company said it had a loss of $2.38 per share. The company posted revenue of $461,000 in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on SPCE at
Yahoo
15-05-2025
- Business
- Yahoo
Virgin Galactic: Q1 Earnings Snapshot
TUSTIN, Calif. (AP) — TUSTIN, Calif. (AP) — Virgin Galactic Holdings, Inc. (SPCE) on Thursday reported a loss of $84.5 million in its first quarter. The Tustin, California-based company said it had a loss of $2.38 per share. The company posted revenue of $461,000 in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on SPCE at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
