The Latest Breaking News from SPCE

The airline industry witnessed a significant recovery last year thanks to robust demand, which is expected to continue in 2023. Given the sound prospects of the airline sector, investors should consider buying quality airline stock, Copa Holdings (CPA). However, Virgin Galactic (SPCE) and Astra Space (ASTR) might be best avoided…

The airline industry is anticipated to remain upbeat and post a profit this year due to improved demand. Therefore, quality stock Copa Holdings (CPA) might be a solid buy right now. However, Virgin Galactic Holdings (SPCE) might be best avoided, given its weak fundamentals. Read on….

Falling inflation has raised the market’s hopes for rate cuts this year, but that optimism may be built on shaky ground. The U.S. economy is losing momentum, as retail sales and industrial production reported their biggest declines in recent months. As the market will likely remain volatile in the near…

The major market indexes’ consistent downtrend has significantly benefited short-sellers. As the market is expected to remain under pressure on rising recession odds, it could be wise for investors looking to bottom fish to stay away from heavily shorted stocks Rivian Automotive (RIVN), Lucid (LCID), Teladoc Health (TDOC), Warby Parker…

The Fed’s aggressive interest rate hikes and the increasing odds of a recession have kept the stock market under pressure. Although the space sector’s long-term prospects look bright, looming supply chain disruptions and inflation could dampen its performance in the near term. Thus, we think it could be wise to…

Although the space industry holds long-term promise as a domain with infinite possibilities, the progress of businesses in this sector has been hampered by short-term macro issues. Hence, it could be best to avoid beaten-down space stocks Maxar Technologies (MAXR), Virgin Galactic (SPCE), and Astra Space (ASTR) until they return…

Meme stocks gained popularity last year, with several fundamentally weak stocks rising to unsustainable prices based on retail investors’ bets against short-selling hedge funds. Prominent meme stocks GameStop (GME), BlackBerry (BB), and Virgin Galactic (SPCE) have lost significantly from the highs they hit last year. Given the overall risk-off environment,…

Although the space industry is evolving rapidly, broader macroeconomic issues like supply chain disruptions and inflation could dampen industry growth. So, it could be best to avoid beaten-down space stocks Astra Space (ASTR) and Virgin Galactic (SPCE) now, given their bleak fundamentals. Read on….

Airline stocks move with economic cycles, and the recent sluggishness in the economy has caused many of them to decline. Higher fuel costs and cooling consumer demand have also affected the industry. Given the industry’s current downtrend and poor growth prospects, we think it could be wise to avoid losing…

Aerospace company Virgin Galactic (SPCE) has recently announced a deal with Boeing (BA) to build additional aircraft. This seems to have buoyed the company’s stock. However, it is down more than 45% this year. So, will it be wise to invest in it now? Read on to find out….

Wells Fargo analyst Matthew Akers initiated coverage of Virgin Galactic Holdings Inc (NYSE:SPCE) with an Underweight rating and a price target of $4, implying a downside of 35%. SPCE has additional risk, according to the analyst, as he doubts it can create its new Delta spacecraft and continue to fund operations without another capital…