Virgin Galactic (SPCE, Financial), a leader in commercial spaceflight, recently experienced a notable stock price increase of 5.23%, reaching $6.14 per share. Trading volume stood at 792,138 shares with a turnover rate of 2.78% and a price volatility of 5.15%.
The company's latest financial report indicates revenue of $4.22 million, yet it faced a net loss of $93.78 million, equating to an earnings per share (EPS) of -$4.36. The gross profit was reported as a loss of $26.32 million, resulting in a negative price-to-earnings (P/E) ratio of -0.33.
Currently, analyst ratings for Virgin Galactic reveal mixed sentiments: 20% of analysts recommend buying, 50% suggest holding, and 30% advise selling the stock. This fluctuating sentiment reflects the volatile nature of the aerospace and defense industry, which overall saw a minor increase of 0.01%.
In the broader aerospace industry, other notable movers include Kwesst Micro Systems, Momentus Inc, and EHang, exhibiting substantial gains and significant activity. Draganfly Inc. and Safe Pro Group also showed high price volatility.
Virgin Galactic Holdings Inc., based in the U.S., is at the forefront of manned commercial space travel. The company plans to offer unique multi-day space flight experiences, providing customers with breathtaking views of Earth and moments of weightlessness, launching from its spaceport in New Mexico.
