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Virgin Galactic (SPCE) Stock Riddled With Execution Risks

Virgin Galactic Holdings Inc. (NYSE: SPCE) is making the news lately after experiencing a wide dip in share price, compared to the wider market. Earlier this year, its sister company saw its UK rocket launch failing. Although this news does not hold direct consequences for Virgin Galactic, market participants are beginning to question whether or not it shares execution risks.

What is Virgin Galactic Stock?

SPCE stock belongs to the Virgin Galactic company, which is dedicated to the development, production, and operation of spacecraft and associated technologies for commercial human spaceflight and research payloads.

Essentially, they are working on making space travel accessible to private individuals and organizations, as well as government agencies.

The company is based in Las Cruces, New Mexico, and was established in 2017. Virgin Galactic is involved in testing their spaceflight vehicles, maintaining them after flights, and providing a range of services related to human spaceflight.

Anyone purchasing the Virgin Galactic stock would be buying into a company with a focus on creating a safe, reliable, and efficient spaceflight system that can be used for a variety of purposes, including research, exploration, and tourism.

Virgin Galactic’s (SPCE) Failed Rocket Launch

Earlier this year, news reports came of Virgin Galactic’s (SPCE) sister company, Virgin Orbital Holdings (NASDAQ: VORB) seeing its UK rocket fail in the launch, which brought in a 15% price plunge.

Although SPCE remained immune to this news, execution risks have increasingly been growing, as both companies belong to a single parent entity.

The Daily Mail recently published an article emphasizing the high degree of launch failures that are inherent to Virgin Galactic and Virgin Orbital, in comparison to its peers.

Throughout the year, these concerns surrounding SPCE stock have continued to mount up, especially after the two-time deferral of its planned commercial space flight project. This has caused a strain on SPCE stock price.

Let Not The Setbacks Blind You From The Strengths

Even though the market is currently largely skeptical about the execution capabilities of Virgin Galactic, it is important to keep in mind the core strengths inherent to SPCE stock.

The first of these is its rock-solid balance sheet, with a liquidity of $1.7 billion. This delivers sufficient leeway to push on the development of its ambitious projects.

Secondly, the nature of its operations allows it to bypass the macroeconomic headwinds dominating the markets, as the demand for commercial spaceflight remains secure, regardless of inflation levels.

Above all, Virgin Galactic continues to prove it has the flexibility to turn away from its vertical integration approach. This is crucial to consider regarding the potential of Virgin Galactic share price.

Frequently Asked Questions

Is SPCE Stock a Good Stock to Buy, Hold or Sell?

SPCE stock is currently a hold, as it is going through a rough patch, with the market uncertain about its prospects. These fears have been amplified by its rocket launch failure earlier this year.

Is it Worth Buying SPCE Stock?

It is currently not worth buying SPCE stock owing to uncertainties it faces about its future prospects. It is better off being held, rather than bought or sold.

What is SPCE Stock Price?

SPCE stock price is currently at $3.46. This price is useful to consider for anyone looking to initiate, amend, or drop a position on SPCE stock.

What is the Virgin Galactic Share Price?

The Virgin Galactic share price is currently hovering close to $3.46. Its price is experiencing little fluctuation due to the low trade volume surrounding SPCE.

Conclusion

Virgin Galactic is currently facing the scrutiny of the market at the moment, and concerns are being raised about its ability to execute. However, the company continues to boast several strengths that deliver it a large competitive edge.

January 13, 2023
Virgin Galactic Holdings Inc (SPCE) stock is gaining in the pre-market. Here’s why
The stock of Virgin Galactic Holding Inc (SPCE) closed the regular trading session at $7.82. SPCE stock lost 6.9% from the previous trading session. The stock gained 3.84% in the pre-market, to $8.12. Virgin Galactic share kept moving between $7.71 and $8.27 during the regular trading session. The company released the results for the fourth financial quarter of fiscal year 2021. SPCE also filed form 8-K with the SEC on February 22, 2022, to report the quarterly earnings.

Virgin Galactic Holdings Inc is an aviation organization. The company is centered around the development, manufacturing and activities of spaceships.

Q4 2021 of SPCE

On February 22, 2022, SPCE released the results of the fourth financial quarter of fiscal year 2021, that ended on December 31, 2021. The key financial highlights of the company are
- SPCE had a revenue of $0.14 million in the Q4 of financial year 2021.
- The company posted a net loss of $80.7 million in Q4 of FY21 versus $104.1 million in the year ago quarter. Net loss decreased by 22.4%.
- Diluted loss of $0.31 per share in Q4 for fiscal year 2021 as compared to $0.44 in Q4 of FY20.
- Furthermore, adjusted EBITDA loss was $64.8 million in Q2 of FY21 versus $59.5 in the same quarter last year.
Virgin Galactic opened sales for the private astronauts at a new price of $0.45 million. The company also launched new headquarters for engineering and design. Also, SPCE launched a corporate headquarter. Virgin Galactic also completed its first spaceflight from New Mexico. In addition, it unfolded the Spaceship III, which is the second spaceship in the fleet.

SPCE predicted a free cash flow between $75 to $85 million for the Q1 of fiscal year 2022.

CEO Remarks

The CEO of Virgin Galactic Holding (SPCE), Michael Colglaziar, said that stay on the target of their enhancement program. They are also focused on the inauguration of commercial services in the current year. He further said that they accomplished numerous significant achievements in 2021.

Furthermore, Mr Colglaziar said that as of now they are working on their operations to fit in with the customer growth.
February 23, 2022
Virgin Galactic Holdings, Inc. (SPCE) stock surged in the Pre-market, here is why?

Virgin Galactic Holdings, Inc. (SPCE) gained in the pre-market after announcing the beginning of sales for the commercials spaceflights. SPCE values $9.10, gaining more than 11% compared to yesterday’s closing price. The stock closed at $8.13 at the end of the last trading session. The stock volume traded in the last trading session was around 18.15 million shares. The current market cap of the company is around $2.10 billion.

Virgin Galactic Holdings, Inc. (SPCE) announced the beginning of Spaceflights

Virgin Galactic Holdings, Inc. (SPCE) announced today that general public ticket sales will commence on February 16, allowing the opportunity to purchase one of the first spaceflight reservations and join the elite Future Astronauts club.

From ticket purchase to return home, the Future Astronaut membership group is designed to inspire, thrill, and adventure. The launch location is in New Mexico. Shortly after training, wannabe astronauts will join their visitors in custom-made quarters. Guests will also experience world-class amenities.

A 90-minute voyage into space includes Mach-3 acceleration with s Stunning views of Earth from the spaceship’s 17 windows. They will begin on a great adventure to make a positive effect on the lovely world after this life-altering meeting.

A new iconic consumer brand designed to inspire future astronauts around the world by expressing the excitement, wonder, and awe of seeing Earth from space. The spacecraft is a celebration of pioneering design and a Virgin Galactic trademark.

SPCE CEO’s remarks

The CEO of Virgin Galactic, Michael Colglazier, said that space is transformative. Starting commercial service officially this year, we hope to have at least 1,000 clients on board to help us grow our fleet and begin regular operations.

Conclusion

Reservations for space travel cost $450,000. Customers will make their subsequent payment before to their flight following an upfront deposit of USD $150,000. The program will be huge success in the human history.

February 15, 2022
Why Virgin Galactic Holdings, Inc. (SPCE) stock is gloomy today?

Shares of Virgin Galactic Holdings, Inc. (SPCE) stock were continuing the downtrend in today’s pre-market after dropping as much as 3.85% at the previous closing. SPCE stock price went down by 7.93% to drop at $20.68 a share at the time of this writing. Let’s see the reason behind this bearish sentiment.

What’s happening?

Though there is no particular happening related to SPCE today however it seems that the SPCE has been facing the downtrend partially since the announcement of selling of shares by the founder of SPCE stock Richard Branson and partially due to strong rivals.

On April 14, 2021, Richard Branson sold $150.3 million worth of shares of SPCE at a per-share price ranging from $26.85 to $28.73.The proceeds resulted from this selling will be used in the leisure and travel business as it was greatly affected due to COVID-19. In early March, the chairman of Virgin GalacticChamath Palihapitiya also sold 6.2 million worth of shares.

Virgin stock is not running the space tourism flights due to which, it is losing its significant amount of revenue from that portion. On the other hand, its rivals are racing ahead and giving the SPCE stock a tough time nowadays. The recent 15th successful launch of the New Shepard suborbital space tourism rocket by Blue Origin and SpaceX contract with NASA related to new Starship spacecraft added more pain to the gloomy SPCE stock.

Here is what you need to know about Virgin Stock.

Virgin Galactic Holdings, Inc is operating as an aerospace company that is focused on the development of human spaceflight for researchers as well as private individuals in the United States. It is also involved in the manufacturing of air and space vehicles. It was founded in 2017 and its headquarters is in Las Cruces, New Mexico.

Conclusion:

SPCE stock is passing through a difficult time as far as market sentiment is concerned. The deadly coronavirus pandemic has greatly hit the SPCE business as its effects were seen in the previously earning report by the Virgin stock. Hence it is obvious why the SPCE stock is not performing well these days. Virgin stock will announce its earnings report on May 4, 2021, which would further clarify the position of this stock in the future.

April 20, 2021
Early Morning Vibes: Check Out These 4 hot Stocks Right Now

On February 1, the American stock exchanges finished trading in the green zone. The S&P 500 Index climbed 1.61% to 3774 points, the Dow Jones added 0.76% and the NASDAQ rose 2.55%. Fears about the impact of short squeezes on the market have slightly subsided, and quarterly reports and macro statistics returned to the focus of investors’ attention. The cyclical consumer goods sector topped the broader market, gaining 2.77% on positive gains from Amazon and Tesla. The tech sector also outperformed the market, adding 2.51%.

Corporate Details

Ford (F: + 2.9%) announced a strategic partnership with Google (GOOGL: + 3.6%) for EV software.

ON Semiconductor (ON: + 6.4%) came out better than expected, mainly driven by the automotive components segment.

Virgin Galactic (SPCE: + 21.5%) announced plans to test launch its SpaceShipTwo Unity rocket after February 13.

Today world stock exchanges are showing positive dynamics. Recovery of quotations after a sharp drop last week continues. President Biden discussed with a group of Republicans the stimulus package. Negotiations have made little progress, but GOP officials said Biden is willing to make concessions on some points of the program. The president has not yet rejected the possibility of a “reconciliation” procedure, through which a package of $ 1.9 trillion can be passed through a simplified vote in Congress, even without the support of the Republicans.

Concerns about the impact of short squeezes on the market were largely eliminated by the comments of investment banks, which noted the presence of numerous factors favorable for the development of an upward trend, including a strong reporting season. Due to the effect of inflated expectations, the shares of many reported companies corrected, but a positive reaction may follow with some delay.

The Freedom Finance Sentiment Index remains at 68 out of 100. The index reflects market participants’ hope for a global economic recovery in 2021. Concerns about the negative impact of the coronavirus pandemic are gradually diminishing thanks to the prospect of mass vaccinations.

Technical picture

Technically, the S&P 500 is still bullish in the medium term. The day before, the broad market index bounced off the 50-day moving average, at the level of which buying activity intensified. In the short term, consolidation is likely, as the RSI indicator is in the neutral zone and indicates the equality of forces between the “bulls” and “bears”.

Today Top Movers

‎Prothena Corporation plc (PRTA) share price jumped 29.55% to $14.25 during the early morning ‎trading session on ‎Tuesday after declaring confirmatory phase 3 AFFIRM-AL study of Birtamimab in mayo Stage IV Patients with AL Amyloidosis under SPA Agreement with FDA.‎
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‎Nio Inc (NIO) stock ascended 1.09% at $57.61 in the pre-market trading today.‎ after the company provides January 2021 Delivery update.
‎ ‎‎
‎GoPro Inc (GPRO) gained over 8.17% at $11.39 in pre-market ‎trading on Tuesday.‎ ahead of its earnings scheduled on 4 Feb.
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‎Virgin Galactic Holdings Inc (SPCE) grew over 10.04% at $59.19 in pre-market trading ‎today. The company recently revealed the date of its new flight window for a rocket-powered test flight of its SpaceShipTwo Unity.‎

Top Upgrades & Downgrades

Evercore ISI Group turned bullish on TETRA Technologies Inc. (TTI), upgrading the stock to “Outperform” and assigning a $3.0 price target.

Dell Technologies Inc. (DELL) has won the favor of B of A Securities’ equity research team. The firm upgraded the shares from Neutral to Buy and moved their price target to $80.0, suggesting 29.73% additional upside for the stock.

Rio Tinto Group (RIO) received an upgrade from analysts at Credit Suisse. They changed their rating on RIO to Outperform from Neutral in a recently issued research note.

Earlier Tuesday Piper Sandler reduced its rating on argenx SE (ARGX) stock to Neutral from Overweight and assigned the price target to $303.

Cowen analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Limelight Networks Inc. (LLNW) has been changed to Market Perform from Outperform and the new price target is set at $4.75.

Analysts at Compass Point downgraded Hilltop Holdings Inc. (HTH)’s stock to Neutral from Buy Thursday.

Latest Insider Activity

Inovio Pharmaceuticals Inc. (INO) Chief Operating Officer Shea Jacqueline Elizabeth announced the sale of shares taking place on Jan 28 at $12.04 for some 16,713 shares. The total came to more than $0.2 million.

DuPont de Nemours Inc. (DD) President, T&I Stone Randy Lee sold on Jan 28 a total of 30,622 shares at $79.97 on average. The insider’s sale generated proceeds of almost $0.25 million.

VYNE Therapeutics Inc. (VYNE) 10% Owner PERCEPTIVE ADVISORS LLC declared the purchase of shares taking place on Jan 28 at $2.37 for some 4,219,409 shares. The transaction amount was around $10.0 million.

Alcoa Corporation (AA) Director Nevels James E bought on Jan 27 a total 32,336 shares at $17.50 on average. The purchase cost the insider an estimated $7,000.

Important Earnings

Top US earnings releases scheduled for today include Pfizer Inc. (NYSE: PFE). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.48 per share from revenues of $11.43B in the three-month period.

Analysts expect Alibaba Group Holding Limited (NYSE: BABA) to report a net income (adjusted) of $3.25 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $33.35B.

Amazon.com Inc. (AMZN), due to announce earnings after the market closes today, is expected to report earnings of $7.23 per share from revenues of $119.7B recently concluded three-month period.

February 2, 2021
Early Morning Vibes: 4 Top Trending Stocks To Watch Right Now

The American stock market finished trading with a slight loss on January 26. By the end of the session, the S & P 500 index dropped by 0.15% to 3850 points. NASDAQ and Dow Jones were down 0.07%. The news background stayed mostly calm, so the market showed weak dynamics. The energy sector fell 2.12% despite stable oil prices. The real estate sector became the leader in growth with a result of + 1.14% thanks to the continued favorable macroeconomic conditions in the housing market.

Company news

President Biden plans to transfer American officials to American-made electric cars. Against this background, shares of Workhorse (WKHS: + 30.2%), Lordstown (RIDE: + 14%), Nikola (NKLA: + 23.6%) and others rose.

Beyond Meat (BYND: + 17.7%) has partnered with PepsiCo (PEP: + 1.2%) to co-manufacture and market plant-based meat substitute products.

Johnson & Johnson (JNJ: + 2.7%) quarterly report better than expected. The company also announced that the test results for its vaccine will be released in early February.

There are various dynamics in the global stock markets today. Pfizer and Moderna have both agreed to sell the US government 100 million additional doses of vaccine. Considering this order, the total volume of purchases will amount to 600 million. Over 300 million people can be vaccinated against coronavirus with just that amount. The number of hospitalized with COVID-19 in the United States fell to 108 thousand, which is in line with mid-December levels. The morbidity trend on a daily basis is on the decline. This allows the states to slowly remove barriers, which support investor confidence.

The companies’ quarterly results and market reactions to them are still mixed. However, Microsoft’s report was strong, so the tech sector has the potential to become a growth engine for the broader market today.

Economic news

December durable goods base order data will be released this Wednesday. After increasing by 0.4% a month earlier, the indicator is expected to grow by 0.5% against the value in November. Note that basic orders do not include vehicles (cars, airplanes, etc.), and it is this group of products that may show the weakest dynamics against the background of continuing problems with orders from Boeing.

Technical picture

Technical analysis suggests that there is an upward tendency in the medium term for the S&P 500. The broad market index reached a new all-time high yesterday, but met selling pressure and failed to gain a foothold above 3860 points. The upper border of the equidistant channel in the area of 3865-3870 points is still a serious resistance. After a short-term consolidation, the upward movement is likely to continue.

Today Top Movers‎

‎Virgin Galactic Holdings Inc (SPCE) share price jumped 11.65% to $46.95 during the early morning ‎trading session on ‎Wednesday.‎‎ SPCE has found itself making more headlines recently as billionaire rocketman, Richard Branson, gets closer to achieving his dream of taking tourists to the stars.‎ ‎‎

‎Digital Ally Inc (DGLY) grew over 14.18% at $3.14 in pre-market trading ‎today.‎‎‎ ‎‎

‎Moderna Inc (MRNA) stock moved up 1.49 percent to $154.19 in the pre-market ‎trading after the firm provided a supply update for the Moderna COVID-19 Vaccine.‎‎ ‎‎

‎Romeo Power Inc (RMO) gained 9.52% and closed at $20.25 on ‎Tuesday ‎January 26, 2021.‎‎

Top Upgrades & Downgrades

KeyBanc turned bullish on Dycom Industries Inc. (DY), upgrading the stock to “Overweight” and assigning a $104.0 price target, representing a potential downside of 18.3% from Tuesday’s close.

3M Company (MMM) has won the favor of JPMorgan’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $205, suggesting 16.51% additional upside for the stock.

The Wendy’s Company (WEN) received an upgrade from analysts at Deutsche Bank, who also set their one-year price target on the stock to $25. They changed their rating on WEN to Buy from Hold in a recently issued research note.

Earlier Wednesday KeyBanc reduced its rating on Visa Inc. (V) stock to Sector Weight from Overweight.

KeyBanc analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for MasTec Inc. (MTZ) has been changed to Sector Weight from Overweight.

Analysts at KeyBanc downgraded Mastercard Incorporated (MA)’s stock to Sector Weight from Overweight Wednesday.

Latest Insider Activity

United States Antimony Corporation (UAMY) 10% Owner Reed Kenneth M announced the sale of shares taking place on Jan 26 at $0.98 for some 540,275 shares. The total came to more than $0.53 million.

Sorrento Therapeutics Inc. (SRNE) Director Followwill Dorman sold on Dec 16 a total of 2,130 shares at $7.14 on average. The insider’s sale generated proceeds of almost $7135.0.

Harbor Custom Development Inc. (HCDI) Director SWETS LARRY G JR declared the purchase of shares taking place on Jan 15 at $3.00 for some 35,000 shares. The transaction amount was around $0.1 million.

Urban One Inc. (UONE) 10% Owner SEMLER ERIC bought on Jan 19 a total 2,221,197 shares at $4.15 on average. The purchase cost the insider an estimated $829,170.

Important Earnings

Top US earnings releases scheduled for today include Tesla Inc. (NASDAQ: TSLA). It will announce its Dec 2020 financial results. The company is expected to report earnings of $1.01 per share from revenues of $10.32B in the three-month period.

Analysts expect Facebook Inc. (NASDAQ: FB) to report a net income (adjusted) of $3.22 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $26.43B.

Apple Inc. (AAPL), due to announce earnings after the market closes today, is expected to report earnings of $1.41 per share from revenues of $103.28B recently concluded three-month period.

January 27, 2021
Early Morning Vibes: 4 Stocks We Like for Thursday
On January 20, American stock markets closed at new all-time highs. The S&P 500 index rose 1.39% to 3852 points, the NASDAQ rose 1.97%, the Dow Jones added 0.83%. Risk appetite has increased on the back of an improving epidemiological situation in the States, positive expectations from the reporting season, and partly due to the official inauguration of President Joseph Biden. The communications sector was a growth engine for the broader market, surging 3.6% on a strong quarterly report from Netflix.

Company news
- Streaming giant Netflix (NFLX: + 16.9%) performed better than expected and management announced that it is considering resuming its share buyback program.
- Bank of New York Mellon (BK: -7.3%) showed mixed results. Operating expenses were above expectations.
- Procter & Gamble’s (PG: -1.3%) earnings and earnings exceeded expectations, but the stock still declined on investor concerns about the sustainability of the results.
Today, global stock exchanges are showing positive dynamics. The first decrees of President Biden only indirectly relate to the economy, so they practically do not affect the stock market. Investor optimism is driven by factors that have been in sight for a long time. Among them are soft monetary policy, prospects for the adoption of a new package of fiscal stimuli, acceleration of the vaccination process.

Yesterday in the United States, a record number of deaths per day was recorded – 4409. Amazon has offered vaccine assistance to the US government, which has boosted investor confidence in boosting the vaccine campaign. In addition, the first studies point to the effectiveness of the Pfizer vaccine against the British strain of coronavirus.

The first quarterly reports of S&P 500 companies exceed investor expectations. Currently, the forecast assumes an average EPS decline of 5.9%, while just a week ago, EPS was forecast to fall by 8.8%. Market participants are just beginning to put optimistic expectations in the quotes in relation to reporting, so the upside potential of the S&P 500 remains.

Economic News

Noteworthy is the weekly publication of data on the number of initial applications for unemployment benefits (forecast: 910 thousand, previous value: 965 thousand). The unexpected rise in the indicator last week has raised concerns. If this time the market participants get an unpleasant surprise again, then the official report on the labor market for January will be weak.

Sentiment Index

The Freedom Finance Sentiment Index climbed to 62 out of 100. The indicator reflects market participants’ hope for a global economic recovery in 2021. Worries about the negative impact of the coronavirus pandemic are starting to wane thanks to the prospect of mass vaccinations.

Technical picture

Technically, the S&P 500 is prone to an upward movement. On the eve of the broad market index confidently overcame the historical maximum at 3827 points and continued to move to the upper border of the equidistant channel at 3860 points. Indicators indicate the likelihood of the trend continuation. The nearest resistance is the psychologically significant level of 3900 points.

Today Top Movers

‎Jaguar Health Inc (JAGX), a biotechnology company, surged about 30.48% ‎at $3.81 in pre-market ‎trading Thursday following the declaration of closing of $6.0 million issuance and sale of designation-backed note related to possible tropical disease priority review voucher.‎

‎Qutoutiao Inc (QTT) share price soared 39.41% to $3.75 during the early morning ‎trading session on ‎Thursday.‎‎

‎InspireMD Inc (NSPR) stock ascended 15.48% at $0.81 in the pre-‎market trading today.‎‎

‎BIOLASE Inc (BIOL) gained over 12.14% at $1.08 in pre-market ‎trading on Thursday.‎‎

Top Upgrades & Downgrades

BTIG turned bullish on PayPal Holdings Inc. (PYPL), upgrading the stock to “Buy”.

Diebold Nixdorf Incorporated (DBD) has won the favor of JP Morgan’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $16.0, suggesting 43.04% additional upside for the stock.

Synaptics Incorporated (SYNA) received an upgrade from analysts at JP Morgan, who also set their one-year price target on the stock to $110. They changed their rating on SYNA to Neutral from Underweight in a recently issued research note.

Earlier Thursday BTIG reduced its rating on Senseonics Holdings Inc. (SENS) stock to Neutral from Buy.

JP Morgan analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Maxar Technologies Inc. (MAXR) has been changed to Neutral from Overweight and the new price target is set at $55.

Analysts at Berenberg downgraded Citigroup Inc. (C)’s stock to Hold from Buy Thursday.

Latest Insider Activity

Virgin Galactic Holdings Inc. (SPCE) CFO, Treasurer Campagna Jonathan Joseph announced the sale of shares taking place on Jan 19 at $31.44 for some 56,305 shares. The total came to more than $1.77 million.

Snap Inc. (SNAP) Chief Financial Officer Andersen Derek sold on Jan 19 a total of 1,254,458 shares at $50.43 on average. The insider’s sale generated proceeds of almost $0.44 million.

Affirm Holdings Inc. (AFRM) 10% Owner Founders Fund V Management, LL declared the purchase of shares taking place on Jan 15 at $49.00 for some 75,000 shares. The transaction amount was around $3.67 million.

Adverum Biotechnologies Inc. (ADVM) Director Machado Patrick bought on Jan 15 a total 78,182 shares at $11.52 on average. The purchase cost the insider an estimated $115,174.

Important Earnings

Top US earnings releases scheduled for today include FuelCell Energy Inc. (NASDAQ: FCEL). It will announce its Oct 2020 financial results. The company is expected to report earnings of -$0.04 per share from revenues of $17.05M in the three-month period.

Analysts expect Baker Hughes Company (NYSE: BKR) to report a net income (adjusted) of $0.17 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $5.42B.

Intel Corporation (INTC), due to announce earnings after the market closes today, is expected to report earnings of $1.1 per share from revenues of $17.5B recently concluded three-month period.
January 21, 2021
Pre-Market Cues: 28 Stocks Roaring for Change On December 18th

Seneca Biopharma Inc. (SNCA), a Biotechnology company, rose about 0.2% at $0.96 in pre-market trading Friday after declaring merger agreement with Leading BioSciences, Inc. under which a wholly owned subsidiary of Seneca will merge with LBS in an all-stock transaction.

Palantir Technologies Inc. (PLTR) lost over -3.97% at $26.15 in pre-market trading Friday December 18, 2020 after reporting that it will hold its inaugural “Live Demo Day” on Tuesday, January 26, 2021 at 4:30pm ET.

Atossa Therapeutics Inc. (ATOS) stock plunged -0.02% to $0.86 in the pre-market trading following its declaration of pricing of $14.0 million registered direct offering priced at-the-market. The most recent rating by Maxim Group, on January 26, 2018, is a Buy.

Virgin Galactic Holdings Inc. (NYSE: SPCE) shares are trading down -6.27% at $23.9 at the time of writing. The company recently revealed an update following its test flight on December 12, 2020. Company’s 52-week ranged between $9.06 to $42.49. Analysts have a consensus price target of $19.

BlackBerry Limited (BB), a Software – Infrastructure company, dropped about -4.36% at $7.9 in pre-market trading Friday after releasing its financial results for the three months ended November 30, 2020

Before the trading started on December 18, 2020, Uxin Limited (UXIN) is up 4.5% to reach $1.16 following its announcement of unaudited financial results for the quarter ended September 30, 2020. It has been trading in a 52-week range of $0.72 to $3.07.

Coeur Mining Inc. (CDE) stock plunged -2.98% to $10.76 in the pre-market trading. The firm recently revealed details of the expansion of its Rochester silver-gold mine in Nevada, reflecting significant reserve growth and the benefits of a larger-scale expansion project. The most recent rating by Noble Capital Markets, on September 14, 2020, is an Outperform.

Novan Inc. (NASDAQ: NOVN) shares are trading up 6.25% at $0.68 at the time of writing. The company lately reported that it has enrolled 525 patients of the approximately 850 patients expected to enroll in the B-SIMPLE4 pivotal Phase 3 clinical study of SB206. Company’s 52-week ranged between $0.22 to $3.72.

CNS Pharmaceuticals Inc. (CNSP), a Biotechnology company, rose about 15.2% at $2.88 in pre-market trading Friday after announcing FDA approval of IND application for its brain cancer drug candidate Berubicin.

United States Steel Corporation (X) stock moved down -4.26 percent to $17.77 in the pre-market trading after reporting that fourth quarter 2020 adjusted EBITDA is expected to be approximately $55 million and expected fourth quarter 2020 adjusted diluted loss per share to be approximately ($0.85).

BioCardia Inc. (BCDA) lost over -6.09% at $4.01 in pre-market trading Friday December 18, 2020 following an announcement from the firm that the independent Data Safety Monitoring Board (DSMB) has completed its prespecified data review for the Phase III pivotal CardiAMP Heart Failure Trial.

Before the trading started on December 18, 2020, Ampio Pharmaceuticals Inc. (AMPE) is up 8.43% to reach $1.93 after revealing the completion of its Phase I clinical trial and initiation of the first steps for a global Phase II clinical trial for intravenous (“IV”) Ampion treatment in COVID-19 patients. It has been trading in a 52-week range of $0.31 to $1.69.

Drive Shack Inc. (NYSE: DS) shares are trading up 5.47% at $3.47 at the time of writing following the opening of its 65,000-square-foot entertainment golf venue located in Orlando. Company’s 52-week ranged between $0.86 to $4.19. Analysts have a consensus price target of $4.

IZEA Worldwide Inc. (IZEA) tumbled over -3.7% at $1.04 in pre-market trading today. The company recently reported that it has just been awarded a mid-six figure contract from a Fortune 500 Manufacturer.

Exela Technologies Inc. (XELA), a Software – Application company, rose about 81.87% at $0.66 in pre-market trading Friday after declaring that it has entered into a 5-year, $145 million term loan facility with Angelo Gordon, a global alternative investment firm.

FedEx Corporation (FDX) stock moved down -2.89 percent to $283.8 in the pre-market trading after declaring strong results for the quarter ended November 30.

Guardion Health Sciences Inc. (GHSI) stock plunged -2.13% to $0.23 in the pre-market trading. The firm recently declared progress on the introduction of its new vision support/energy drink, Epiq-V, which is under development for the United States and international markets.

Amyris Inc. (NASDAQ: AMRS) shares are trading up 3.68% at $4.23 at the time of writing. Company’s 52-week ranged between $1.40 to $6.07. Analysts have a consensus price target of $3.35.

Mereo BioPharma Group plc (MREO), a Biotechnology company, rose about 40.27% at $3.1 in pre-market trading Friday following the declaration of a license and collaboration agreement with Ultragenyx Pharmaceutical Inc. (RARE), for setrusumab, a monoclonal antibody in clinical development for osteogenesis imperfecta (OI).

Surface Oncology Inc. (SURF) gained over 17.51% at $10.0 in pre-market trading Friday December 18, 2020 after revealing exclusive license agreement with GSK for novel immunotherapy program.

Neovasc Inc. (NVCN) is down more than -8.52% at $0.91 in pre-market hours Friday December 18, 2020 after reporting the publication of peer-reviewed article in EuroIntervention. The stock had jumped over 3.61% to $0.99 in the last trading session.

BioLineRx Ltd. (BLRX) tumbled over -1.1% at $2.7 in pre-market trading today. The firm lately declared final results from Phase 2a COMBAT/KEYNOTE-202 triple combination study of Motixafortide in second line Metastatic Pancreatic Cancer (PDAC).

VYNE Therapeutics Inc. (VYNE), a Biotechnology company, rose about 8.05% at $1.88 in pre-market trading Friday after declaring the successful completion of its End-of-Phase 2 Meeting with the U.S. Food and Drug Administration (FDA).

Before the trading started on December 18, 2020, Mesoblast Limited (MESO) is down -26.75% to reach $9.94 after announcing an update on COVID-19 ARDS trial. It has been trading in a 52-week range of $3.12 to $21.28.

Applied DNA Sciences Inc. (APDN) stock plunged -12.02% to $5.49 in the pre-market trading after reporting consolidated financial results for the full fiscal year and quarter ended September 30, 2020. The most recent rating by H.C. Wainwright, on July 20, 2020, is a Buy.

Conformis Inc. (NASDAQ: CFMS) shares are trading up 3.8% at $0.6693 at the time of writing. The firm lately revealed the U.S. commercial launch of the Company’s new Cordera™ Match Hip System. Company’s 52-week ranged between $0.50 to $1.66.

Auris Medical Holding Ltd. (EARS) grew over 1.5% at $2.7 in pre-market trading today. The company recently provided a business update related to the Company’s funding position, its AM-301 program for the protection against airborne pathogens and allergens and the ongoing strategy review process.

Sonoma Pharmaceuticals Inc. (SNOA) stock moved up 19.79 percent to $9.14 in the pre-market trading following the announcement of partnership with Gabriel Science, LLC for dental.

December 18, 2020
31 stocks trending in pre-market

NIO Limited (NIO) stock soared 2.95% to $42.19 in the pre-market trading following the pricing of offering of 68,000,000 American depositary shares. The most recent rating by Goldman, on December 01, 2020, is a Neutral. NIO Inc.

Veru Inc. (NASDAQ: VERU) shares are trading up 7.17% at $10.39 at the time of writing after declaring positive Phase 2 clinical trial results for enobosarm, for the treatment of endocrine and chemotherapy resistant ER+/HER2- metastatic breast cancer, which was selected as a Spotlight Presentation at the 2020 San Antonio Breast Cancer Symposium. Company’s 52-week ranged between $2.10 to $7.86. Analysts have a consensus price target of $6.

Occidental Petroleum Corporation (OXY) stock soared 2.45% to $19.64 in the pre-market trading. The most recent rating by MKM Partners, on December 07, 2020, is a Neutral.

BioCardia Inc. (BCDA), a Biotechnology company, rose about 9.38% at $4.9 in pre-market trading Tuesday after reporting entry into definitive agreements with investors for the purchase and sale of 1,789,474 shares of its common stock at a purchase price of $4.75 per share in a registered direct offering priced at-the-market under Nasdaq rules.

Genius Brands International Inc. (GNUS) gained over 15.85% at $2.12 in pre-market trading Tuesday December 15, 2020. The company recently revealed that it has secured a commitment to receive $100 million in cash on January 15, 2021 from New York-based Mudrick Capital Management as a result of a new first lien debt financing.

Nikola Corporation (NKLA) is up more than 2.38% at $16.8 in pre-market hours Tuesday December 15, 2020. The stock had dropped over -6.87% to $16.41 in the last trading session.

Virgin Galactic Holdings Inc. (SPCE) is up more than 2.83% at $27.22 in pre-market hours Tuesday December 15, 2020 following an update on test flight program. The stock had dropped over -17.38% to $26.47 in the last trading session.

Before the trading started on December 15, 2020, Huntington Bancshares Incorporated (HBAN) is up 2.32% to reach $12.8 after reporting merger with TCF Financial Corporation to create top 10 U.S. regional bank. It has been trading in a 52-week range of $6.82 to $15.63.

Plug Power Inc. (PLUG) stock soared 2.65% to $26.38 in the pre-market trading. The most recent rating by B. Riley Securities, on November 10, 2020, is a Buy.

XPeng Inc. (NYSE: XPEV) shares are trading up 3.86% at $48.99 at the time of writing after its P7 super-long range sports sedan received car of the Year 2021 award in Xuanyuan Awards. Company’s 52-week ranged between $17.11 to $74.49. Analysts have a consensus price target of $58.

AnPac Bio-Medical Science Co. Ltd. (ANPC), a Biotechnology company, dropped about -5.26% at $5.4 in pre-market trading Tuesday following the proclamation from the firm that it has made significant progress in detecting pre-cancer diseases.

Yamana Gold Inc. (AUY) stock moved up 2.66 percent to $5.4 in the pre-market trading.

Zynga Inc. (ZNGA) gained over 3.9% at $9.05 in pre-market trading Tuesday December 15, 2020 following the declaration of pricing of offering of $762 million of convertible senior notes.

IZEA Worldwide Inc. (IZEA) is down more than -5.68% at $0.9243 in pre-market hours Tuesday December 15, 2020 after announcing that it has seen a surge of new customers in Q4 2020. The stock had jumped over 15.00% to $0.98 in the last trading session.

Cameco Corporation (CCJ) grew over 3.16% at $13.7 in pre-market trading today.

Before the trading started on December 15, 2020, HEXO Corp. (HEXO) is down -2.8% to reach $0.9817 after releasing its first quarter fiscal 2021 financial results. It has been trading in a 52-week range of $0.35 to $2.30.

Nano Dimension Ltd. (NNDM) stock soared 1.8% to $6.77 in the pre-market trading. The most recent rating by Maxim Group, on October 21, 2016, is a Buy.

Teligent Inc. (TLGT) tumbled over -3.53% at $0.78 in pre-market trading today.

Synlogic Inc. (NASDAQ: SYBX) shares are trading down -5.51% at $2.4 at the time of writing following advancement of SYNB1891 to combination arm dosing with PD-L1 checkpoint inhibitor in the on-going phase 1 study for the treatment of solid tumors and lymphoma. Company’s 52-week ranged between $1.35 to $3.99.

BioNTech SE (BNTX) stock soared 5.48% to $114.2 in the pre-market trading. The most recent rating by BofA Securities, on December 01, 2020, is a Neutral. Pfizer Inc. (PFE) and BioNTech SE (BNTX) recently declared additional data on neutralizing antibody and T cell responses from the Phase 1/2 trial with BNT162b2 conducted in Germany

Torchlight Energy Resources Inc. (TRCH) tumbled over -12.14% at $0.543 in pre-market trading today.

Seelos Therapeutics Inc. (SEEL) stock moved up 5.47 percent to $1.35 in the pre-market trading after revealing the sale of a $12.0 million senior secured convertible note and shares of Seelos common stock to investors.

Bed Bath & Beyond Inc. (BBBY) gained over 4.35% at $19.69 in pre-market trading Tuesday December 15, 2020 following the declaration of definitive agreement to sell its remaining non-core banner Cost Plus World Market (CPWM) to Kingswood Capital Management, a Los Angeles-based private equity firm.

Before the trading started on December 15, 2020, Aerpio Pharmaceuticals Inc. (ARPO) is down -3.33% to reach $1.16. It has been trading in a 52-week range of $0.42 to $2.31.

Before the trading started on December 15, 2020, Energy Fuels Inc. (UUUU) is up 2.94% to reach $3.15 after reporting that it has entered into a three-year supply agreement with The Chemours Company (CC) to acquire a minimum of 2,500 tons per year of natural monazite sands. It has been trading in a 52-week range of $0.78 to $3.10.

Uranium Energy Corp. (UEC) grew over 5.62% at $1.69 in pre-market trading today after filing fiscal 2021 Q1 quarterly report.

MicroVision Inc. (MVIS), a Scientific & Technical Instruments company, rose about 5.43% at $3.3 in pre-market trading Tuesday.

NovaBay Pharmaceuticals Inc. (NBY) is down more than -2.28% at $0.68 in pre-market hours Tuesday December 15, 2020 after reporting that its proprietary hypochlorous acid solution has received U.S. Environmental Protection Agency (EPA) approval for a kill claim against SARS-CoV-2, the virus that causes COVID-19. The stock had jumped over 0.86% to $0.70 in the last trading session.

vTv Therapeutics Inc. (VTVT), a Biotechnology company, dropped about -10.44% at $2.66 in pre-market trading Tuesday after declaring a licensing agreement with Anteris Bio for worldwide rights to vTv’s novel clinical-stage Nrf2 activator compound, HPP971.

Socket Mobile Inc. (NASDAQ: SCKT) shares are trading down -15.38% at $2.42 at the time of writing. Company’s 52-week ranged between $0.76 to $4.50.

ArcelorMittal (MT) grew over 4.3% at $22.08 in pre-market trading today after announcing investment agreement with Invitalia, an Italian state-owned company.

December 15, 2020
What changed for these 30 stocks in Pre Market Session

Usio Inc. (USIO) stock soared 41.54% to $2.59 in the pre-market trading after declaring that it has entered into a non-binding Letter of Intent (LOI) to acquire the assets of Information Management Solutions, LLC (IMS).
NeuroMetrix Inc. (NURO), a Medical Instruments & Supplies company, dropped about -8.03% at $2.75 in pre-market trading Wednesday.
Cinedigm Corp. (CIDM) stock moved up 43.36 percent to $1.23 in the pre-market trading following a strategic alliance with Spherex to drive Cinedigm’s global growth.
Recon Technology Ltd. (RCON) stock moved up 112.5 percent to $3.06 in the pre-market trading.
Curis Inc. (NASDAQ: CRIS) shares are trading up 2.29% at $6.7 at the time of writing after revealing proposed public offering of common Stock. Company’s 52-week ranged between $0.62 to $3.59. Analysts have a consensus price target of $5.
Gran Tierra Energy Inc. (GTE) lost over -7.04% at $0.355 in pre-market trading Wednesday December 09, 2020. The firm recently declared a financial update and the Company’s 2021 capital budget and production guidance.
Aurora Cannabis Inc. (ACB) is down more than -0.94% at $10.5 in pre-market hours Wednesday December 09, 2020. The stock had jumped over 1.24% to $10.60 in the last trading session.
Carnival Corporation & Plc (CCL) is up more than 2.76% at $24.22 in pre-market hours Wednesday December 09, 2020 following declaration of Cunard, a part of Carnival Corporation & plc (CCL), that it has extended its pause in operations due to the ongoing travel constraints in place across the world. The stock had jumped over 1.59% to $23.57 in the last trading session.
Before the trading started on December 09, 2020, Occidental Petroleum Corporation (OXY) is up 2.56% to reach $19.62 after reporting upsize of previously announced cash tender offers and consent solicitations for certain of its senior notes. It has been trading in a 52-week range of $8.52 to $47.58.
Virgin Galactic Holdings Inc. (SPCE) stock soared 2.55% to $34.24 in the pre-market trading. The most recent rating by Goldman, on October 23, 2020, is a Neutral.
Eastman Kodak Company (NYSE: KODK) shares are trading down -4.04% at $10.7 at the time of writing after getting clean chit from U.S government regarding a government loan. Company’s 52-week ranged between $1.50 to $60.00.
Moderna Inc. (MRNA) grew over 3.38% at $175.6 in pre-market trading today after declaring that the Swiss Federal Government has increased its confirmed order commitment from 4.5 million to 7.5 million doses of Moderna’s vaccine candidate against COVID-19, mRNA-1273.
Riot Blockchain Inc. (RIOT), a Software – Application company, dropped about -5.78% at $9.3 in pre-market trading Wednesday.
Norwegian Cruise Line Holdings Ltd. (NCLH), a Travel Services company, rose about 1.95% at $28.7 in pre-market trading Wednesday after announcing partnership with AtmosAir Solutions.
XPeng Inc. (XPEV) stock moved down -3.72 percent to $46.88 in the pre-market trading following the pricing of follow-on public offering of American depositary shares.
Cinemark Holdings Inc. (CNK) stock soared 2.26% to $15.36 in the pre-market trading. The most recent rating by Loop Capital, on November 19, 2020, is a Hold.
Before the trading started on December 09, 2020, Tonix Pharmaceuticals Holding Corp. (TNXP) is up 0.15% to reach $0.65 after declaring results of positive phase 3 RELIEF study for TNX-102 SL 5.6 mg in Fibromyalgia. It has been trading in a 52-week range of $0.39 to $2.46.
CBAK Energy Technology Inc. (NASDAQ: CBAT) shares are trading up 3.3% at $5.95 at the time of writing following the publication of securities purchase agreement with certain institutional investors for a registered direct placement of approximately $49.2 million of common stock at a price of $5.18 per share. Company’s 52-week ranged between $0.36 to $11.40.
Jaguar Health Inc. (NASDAQ: JAGX) shares are trading down -4.84% at $0.3798 at the time of writing. Company’s 52-week ranged between $0.19 to $1.08. Analysts have a consensus price target of $2.
United Airlines Holdings Inc. (UAL) grew over 1.88% at $49.96 in pre-market trading today after launching virtual, on demand customer service at the airport.
GameStop Corp. (GME) is down more than -17.59% at $13.96 in pre-market hours Wednesday December 09, 2020 after releasing results for the third quarter ended October 31, 2020. The stock had jumped over 3.61% to $16.94 in the last trading session.
Before the trading started on December 09, 2020, ADMA Biologics Inc. (ADMA) is up 4.31% to reach $2.18. It has been trading in a 52-week range of $1.45 to $4.65.
Before the trading started on December 09, 2020, HEXO Corp. (HEXO) is down -2.91% to reach $1.0. The firm recently reported downward revision to its proposed share consolidation ratio. It has been trading in a 52-week range of $0.35 to $2.30.
United Microelectronics Corporation (UMC) is up more than 1.37% at $8.88 in pre-market hours Wednesday December 09, 2020 afterreporting unaudited net sales for the month of November 2020. The stock had dropped over -3.10% to $8.76 in the last trading session.
Apache Corporation (NASDAQ: APA) shares are trading up 1.08% at $14.92 at the time of writing following the board of directors of Apache Corporation (APA) has declared a regular cash dividend on the company’s common shares. Company’s 52-week ranged between $3.80 to $33.77. Analysts have a consensus price target of $16.
Phunware Inc. (PHUN) stock moved down -3.28 percent to $0.81 in the pre-market trading after revealing its receipt of the Privacy Shield certification.
Sorrento Therapeutics Inc. (SRNE) stock soared 9.62% to $8.66 in the pre-market trading after declaring that it has received CLIA Licensure from the State of California that permits testing of clinical samples. The most recent rating by H.C. Wainwright, on July 31, 2020, is a Buy.
Sesen Bio Inc. (SESN) gained over 5.42% at $1.75 in pre-market trading Wednesday December 09, 2020 following the announcement of commercial manufacturing and global supply partnership with Qilu Pharmaceutical.
Before the trading started on December 09, 2020, Futu Holdings Limited (FUTU) is up 2.27% to reach $44.61 after reporting that a leading global investment firm has agreed to purchase approximately 50,000,000 Class A ordinary shares of the Company in the form of prepaid warrants for an aggregate purchase price of approximately US$260,000,000. It has been trading in a 52-week range of $8.16 to $51.10.
Westwater Resources Inc. (WWR) stock soared 3.87% to $5.63 in the pre-market trading. The company recently provided an update on progress at its pilot plant operations at Dorfner Anzaplan’s facilities near Amberg, Germany, as well as at facilities in Frankfort, Germany, Chicago, Illinois, and Buffalo, New York.

December 9, 2020