Home Top Movers Why Virgin Galactic Holdings Inc (SPCE) stock lost in the after-markets on...

Why Virgin Galactic Holdings Inc (SPCE) stock lost in the after-markets on Friday?

Virgin Galactic Holdings Inc. (SPCE) shares declined 3.62% in after-market on Friday, May 28, 2021, and close the week at $30.1 per share. Earlier in the morning session on Friday, SPCE’s stock gained 0.45%. SPCE shares have risen 83.27% over the last 12 months, and they have moved up 48.22% in the past week. Over the past three months, the stock has lost 18.12%, while over the past six months, it has added 15.24%.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now.

Successfulfirst human spaceflight

On May 22, 2021, Virgin Galactic Holdings, Inc. completed its third spaceflight and the first-ever spaceflight from Spaceport America, New Mexico.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Read More

VSS Unity achieved a speed of Mach 3 after being released from the mothership, VMS Eve, and reached space, at an altitude of 55.45 miles before gliding smoothly to a runway landing at Spaceport America.

Financial results announcement

On May 10, 2021, Virgin Galactic Holdings, Inc released its financial results for the first quarter of 2021, which ended on March 31, 2021.

Q1 2021financial highlights

  • There was no revenue earned by the company in Q1 2021 compared to $238 million in Q1 2020
  • Virgin Galactic suffered a net loss of $130 million in Q1 2021, compared to a $377 million net loss in the first quarter of 2020.
  • Net loss per basic and diluted share was $0.55 in Q1 2021 compared to $1.86 in Q1 2020.
  • GAAP selling, general, and administrative expenses were $45 million in Q1 2021 compared to $27 million in Q1 2020.
  • GAAP research and development expenses were$36 million in Q1 2021 compared to $34 million in the first quarter of 2020.
  • Adjusted EBITDA was$56 million in Q1 2021, compared to $53million in Q1 2020.
  • The company paid $1 million cash for capital expenditures in Q1 2021 compared with 4 million in the first quarter of 2020.
  • As of March 31, 2021, the company had cash and cash equivalents of $617 million.

VSS imagine

On March 30, 2021, Virgin Galactic unveiled the Company’s first Spaceship III in its growing fleet, VSS Imagine. The spaceship showcases Virgin Galactic’s innovation in design and astronaut experience. Imagine also demonstrates progress toward efficient design and production, as Virgin Galactic works to scale the business for the long term.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now.

Conclusion

Well, as of this writing there is no recent developments, and companies like, Virgin Galactic does not have news every day but their developments are quite big ones such as its first-ever spaceflight which moved SPCE stock for many days but its recent loss on Friday makes no sense and we hope that it will do recovery after the long weekend.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Aprea Therapeutics Inc. (APRE) stock soars during current market trading. What’s the update?

Aprea Therapeutics Inc. (NASDAQ: APRE) stock gained by 41.03% at the last check in the current market trading. Aprea Therapeutics is a pharmaceutical business...

Roblox Corp. (NASDAQ: RBLX) stock falls during pre-market trading session. What’s happening?

Roblox Corp. (NASDAQ: RBLX) stock gained by 2.28% at last close while the RBLX stock price declines by 8.13% in the pre-market trading session....

Can-Fite BioPharma Inc. (CANF) stock soars during current market. Why so?

Can-Fite BioPharma Inc. (NASDAQ: CANF) stock gained by 4.42% in the current market trading session. Can-Fite BioPharma Ltd. is a medication research company in...

UXIN stock surges during current market. Here’s to know why?

Uxin Ltd. (NASDAQ: UXIN) stock gains by 14.67% at last check during current market trading. In China, Uxin Limited is a prominent online used...

Opgen Inc. (OPGN) stock surged during pre-market session. What’s driving it high?

Opgen Inc. (NASDAQ: OPGN) stock declined by 1.84% at the last close whereas the OPGN stock price gains by 22.07% in the pre-market trading...

Aprea Therapeutics Inc. (APRE) stock soars during current market trading. What’s the update?

Aprea Therapeutics Inc. (NASDAQ: APRE) stock gained by 41.03% at the last check in the current market trading. Aprea Therapeutics is a pharmaceutical business...

TAL Education Group (TAL) stock is tumbling today: What’s Going on?

Shares of the TAL Education Group (TAL) stock were tumbling in the current market trading session today on June 16, 2021, without any obvious...

SPI Energy Inc. (SPI) stock surged in the current market trading. Here’s the update

SPI Energy Inc. (NASDAQ: SPI) stock soars by 15.42% during the current market trading session. SPI Energy is an international renewable energy company that...

Related News

Applied UV, Inc. (AUVI) stock is Popping High today: Here’s to know why

Applied UV, Inc. (AUVI) stock announced today that its SteriLumen Lumicide™ Ribbon which is its proprietary connected UVC disinfection platform for surface disinfection can...

TAL Education Group (TAL) stock is tumbling today: What’s Going on?

Shares of the TAL Education Group (TAL) stock were tumbling in the current market trading session today on June 16, 2021, without any obvious...

Why Kindred Biosciences, Inc. (KIN) stock is soaring today?

Shares of the Kindred Biosciences, Inc. (KIN) stock continuing the rising trend in pre-market today on June 16, 2021, following the announcement of the...

Ampio Pharmaceuticals Inc. (AMPE) stock fell during pre-market trading. Here’s to know why?

Ampio Pharmaceuticals Inc. (NASDAQ: AMPE) stock gained by 4.71% at last close whereas the AMPE stock price declines by 2.65% in the pre-market trading...

Aptinyx Inc. (APTX) stock fell during after-hour. Here’s to know why?

Aptinyx Inc. (NASDAQ: APTX) stock declined by 0.29% at last close while the APTX stock price has been observed falling more during the after-hour...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam