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Virgin Galactic a buy or are we staring into space

Authored by TD Markets
17.02.2022
Stock Squawk
0
2 min

 Yesterday’s Movers:

  • Virgin Galactic Holdings Inc (SPCE) was up 31.94% as tickets started going on sale for $450 000.
  • Yandex N.V (YNDX) was up 15.98% as strong quarterly earnings and forecast for 2022.
  • Plug Power Inc (PLUG) was up 10.71%
  • NVIDIA Corporation (NVDA) was up 9.18% prior to quarterly earnings due out today

Earnings Due:

StockSymbolAnnouncement dateRelease TimeEPS Estimate
Hilton Worldwide Holdings IncHLT16/2/2022Pre-Market$0.84
American International Group IncAIG16/2/2022Post-Market$0.89
Cisco Systems IncCSCO16/2/2022Post-Market$0.80
NVIDIA CorporationNVDA16/2/2022Post-Market$1.11
Palantri Technologies IncPLTR17/2/2022During-Market$0.04

Stocks to watch:

Virgin Galactic Holdings Inc(SPCE)

Starting 16 February customers will have the opportunity to purchase on of the initial spaceflight reservation to become a Future Astronaut. The aim is to have the first 1000 customers on board at the start of its service later this year. The initial deposit for reservation will be around $150 000.

The confidence of the space travel agency must be high to get its mothership up and running as it has been grounded for 8 months while its Delta-class spaceship is still in development.

The company plans to have 400 fights per year, whether or not it is executable is the big question. Demand would be very interesting to see over the coming weeks on how the initial tranch of passengers line up and at what rate sales will be coming in.

Authored by TD Markets
17.02.2022
Stock Squawk
0
2 min
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