Virgin Galactic Holdings, Inc. (SPCE)
Pre-market:
| Previous close | 4.5900 |
| Open | 4.5600 |
| Bid | 4.1000 x 1400 |
| Ask | 4.1300 x 3100 |
| Day's range | 4.1200 - 4.5600 |
| 52-week range | 3.2450 - 11.2500 |
| Volume | |
| Avg. volume | 10,013,769 |
| Market cap | 1.286B |
| Beta (5Y monthly) | 1.43 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -1.7000 |
| Earnings date | 03 May 2023 - 08 May 2023 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 4.95 |
- Bloomberg
Virgin Orbit Furloughs Staff, Halts Operations While It Seeks Funding
(Bloomberg) -- Virgin Orbit Holdings Inc. shares tumbled after the Richard Branson-founded satellite launch firm said it would halt operations while attempting to secure more funding.Most Read from BloombergFirst Republic Set to Get $30 Billion of Deposits in RescueIn New York City, a $100,000 Salary Feels Like $36,000First Republic Bank Is Exploring Options Including a SaleThe 10 Top US Cities Where a $100,000 Salary Goes the FurthestNew Fed Bank Backstop Has Scope to Inject as Much as $2 Trill
- The Telegraph
Virgin Orbit to stop paying staff as it races to secure funding
Sir Richard Branson’s Virgin Orbit has admitted it is close to running out of money as it told staff they will stop getting paid within days.
- Motley Fool
Buying the Dip on Virgin Galactic Stock Looks Like a Mistake
Investors became enamored with space economy stocks during the COVID-19 market bubble, specifically from special purpose acquisition company (SPAC) mergers. One of the leading bubble stocks was Virgin Galactic (NYSE: SPCE), a space flight company that is trying to build a tourism business by charging hundreds of thousands of dollars to take trips into low orbit. Virgin Galactic has fallen 90% from its highs during the COVID-19 SPAC frenzy but is still one of the most popular stocks on Robinhood.
