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  • Virgin Galactic (SPCE) Sees Pre-Market Surge On Positive Earnings Sentiment

    Virgin Galactic (SPCE) Sees Pre-Market Surge On Positive Earnings Sentiment

    Virgin Galactic Holdings Inc. (NYSE: SPCE) shares extended their upward momentum in pre-market activity, climbing 6.04% to $5.90 after surging 43.28% the previous session. Following the company’s Q1 2025 financial report, which revealed that its commercial spaceflight objectives were still being pursued, the raise was made.

    Gaining Momentum

    Virgin Galactic reaffirmed its intention to start commercial spaceflights in 2026 and revealed major advancements in the building of its next-generation Delta Class SpaceShips in preparation for the commercial launch.

    The company demonstrated the long-term value of its assets and offered a strategy for a profitable and scalable business model built on excellent customer service and operational effectiveness, despite the fact that it was still in the pre-revenue stage.

    Robust Financial Position Despite an Operational Pause

    With $567 million in marketable securities, cash, and cash equivalents, Virgin Galactic was able to retain a strong liquidity position. Revenue for the corporation dropped from $2.0 million in the same quarter of 2024 to $0.5 million as a result of the temporary suspension of commercial spaceflights to focus on vehicle production.

    However, due to decreasing operating expenditures, SPCE’s net loss decreased from $102 million in Q1 2024 to $84 million. Furthermore, compared to the prior year, adjusted EBITDA grew from $(87) million to $(72) million.

    Capital Creation and Growth Plans

    Virgin Galactic sold 6.9 million shares through its at-the-market offering program to generate $31 million to increase its financial flexibility. The business also revealed plans for two significant milestones: private astronaut trips in the autumn and the maiden flight of its new spacecraft carrying research payloads in the summer of 2026.

    Virgin Galactic is also demonstrating its plan to expand global infrastructure by conducting a feasibility study to assess the building of a second spaceport in Italy. SPCE now estimates that its free cash flow for the second quarter of 2025 will be between $105 million and $115 million.

  • 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.

  • 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.

  • On What Basis Did Virgin Galactic (SPCE) Stock Rise In Premarket Trading?

    On What Basis Did Virgin Galactic (SPCE) Stock Rise In Premarket Trading?

    As of the last check, Virgin Galactic Holdings Inc. (SPCE) is at $51.4 after climbing 4.47% in the premarket session. During the last trading session, Virgin Galactic stock lost -6.62% to close at $49.20. The price range of SPCE stock was from $49.46 to $52.63 during the session.

    Over the past 100 days, the SPCE stock has traded 25.87 million shares, below its volume of 62.59 million shares traded on the day. In the last five days, SPCE shares rose 13.92%, and in the last month, they climbed 39.93%.  SPCE stock is surging after a successful crewed space mission.

    When did SPCE complete the flight?

    As a vertically integrated company offering space travel for individuals and researchers, Virgin Galactic pioneers human spaceflight. Aside from advanced aircraft, SPCE also manufactures space and air vehicles. As part of the development of its spaceflight system, SPCE offers a unique and transformative experience to clients.

    VSS Unity, Virgin Galactic’s fourth rocket-powered spacecraft, successfully orbited the Earth, announced the company yesterday.

    • SPCE’s VSS Unity was tested for the 22nd time, but this was the first test flight with a full crew.
    • SPCE flight was also carrying the company’s founder, Sir Richard Branson.
    • SPCE crew members met several test objectives related to the cabin and customer experience.
    • These included evaluating the commercial customer cabin, views of Earth from space, research conditions, and the effectiveness of Spaceport America’s five-day pre-flight training program.
    • The successful flight was a milestone for SPCE and a historic event in the new commercial space industry.
    • As SPCE is successful in its missions, the next generation of astronauts is paved.
    • As SPCE’s Chief Executive Officer, Michael Colglazier expressed thanks to its whole team, including pilots and crew, and appreciated their commitment and dedication.
    • The SPCE team is working to make space more accessible so that it can be available to more people and not just to a few.
    • After being released from the mothership, VMS Eve, VSS Unity reached a speed of Mach 3.
    • As the vehicle soared up to 53.5 miles above ground, it glided smoothly into Spaceport America for a runway landing.
    • Global audiences witnessed the seminal moment for Sir Richard Branson and SPCE.
    • The SPCE Future Astronauts were given a taste of what awaits them when the Company launches its commercial service following the completion of its test flights.
    • The livestream of the SPCE event has been recorded and is available on the SPCE YouTube channel.

    How SPCE founder expressed his feelings?

    Despite longing for this moment since he was a child, Richard Branson said nothing could prepare him for the view from space. Virgin Galactic (SPCE) is at the vanguard of a new space age. As part of this remarkable crew of mission specialists and currently astronauts, he was proud to begin SPCE, as well as honored to test these incredible customer experiences. SPCE’s founder expressed his excitement for sharing this experience with the world’s aspiring astronauts.

  • Is This Why The Virgin Galactic (SPCE) Stock Rose 27% After Hours?

    On the last check Thursday, Virgin Galactic Holdings Inc. (SPCE) gained 27.32% to $54.99 in after-hours trading. The Virgin Galactic stock price ended the last trading session at $43.19, a loss of -6.11%. The price range of SPCE stock was from $43.19 to $46.43.

    SPCE stock traded 26.96 million shares, which was more than its daily average of 22.92 million shares over the past 100 days of trading. The SPCE shares have gained 7.28% in the last five days, while they have gained 38.74% in the past month. An announcement of a fully crewed flight to take off later this month sparked SPCE’s stock price to rise.

    SPCE’s plans for spaceflight:

    Advanced air and space vehicles of Virgin Galactic enable private spaceflight for tourists and researchers, a pioneering feat for the aviation and space travel industry. A spaceflight system is being developed by SPCE to offer customers an environment of wonder and awe on par with space travel.

    Today, Virgin Galactic announced the date for its next rocket-powered test flight of SpaceShipTwo Unity will be July 11, subject to weather and technical requirements. During its “Unity 22” mission, VSS Unity will complete its 22nd flight test, and SPCE will conduct its fourth crewed mission in space.

    Founder Sir Richard Branson will test the private astronaut experience aboard the first private astronaut aircraft, along with four mission specialists including two pilots. Several customer-experience objectives will be addressed during Unity 22 to build on the success of SPCE’s most recent flight in May, including:

    • SPCE will conduct a full crew assessment of the commercial customer cabin with an emphasis on cabin environment, seat comfort, weightlessness experience, and views of Earth that the spaceship delivers, all to ensure astronauts can enjoy the wonder and awe of space travel at every step of their journey.
    • Unity 22 will demonstrate how human-tended experiments can be performed.
    • The Virgin Galactic hopes to confirm that the training program at Spaceport America is compatible with the space flight experience.

    How is this time different from the last?

    Virgin Galactic (SPCE) will live-stream the spaceflight for the first time for everyone to watch. Visitors from around the globe will be able to attend virtual test flights of Unity 22 to experience the extraordinary experience SPCE is building for future astronauts. Virgin Galactic will simulcast the livestream on its Twitter, YouTube, and Facebook pages as well as on Virgin Galactic.com.

  • Why Is The Virgin Galactic (SPCE) Stock Up During Premarket Session?

    In today’s premarket session, Virgin Galactic Holdings Inc. (SPCE) shares are up 12.07% at $45.12. Last trading session, Virgin Galactic stock fell -1.37 percent to close at $40.26. SPCE stock traded for 13.39 million shares, which is below the average daily trading volume of 23.68 million shares for the past 50 days.

    Gains by SPCE stock in the last five days are 7.88%; however, over the past month, the shares have added 57.33%. In the past three months, SPCE’s stock price has increased 36.11%; it has gained 69.66 percent this year. Since it received approval from the Federal Aviation Administration (“FAA”), SPCE stock has been rising.

    SPCE has received approval for what?

    Virgin Galactic is a vertically integrated aerospace and space travel company that pioneered private, human spaceflights. Additionally, SPCE produces aircraft and spacecraft. SPCE is working on a spaceflight system to provide customers with an exceptional space adventure.

    Virgin SPCE’s commercial space transportation operator license has been updated by the FAA to allow Virgin Galactic to fly passengers into space, announced the company in a press release today.

    • In addition, SPCE has confirmed that it has completed an extensive review of the data from its test flight of May 22 and that all of the flight objectives were met.
    • FAA has granted a customer license for the first time to SPCE, which has held its operator’s license since 2016.
    • SPCE’s methodical testing program has been verified and validated by the FAA to meet their verification and validation criteria.
    • During SPCE’s May 22 flight of VMS Eve and VSS Unity, the crew flew into space for the third time and for the first time from Spaceport America, New Mexico.
    • The flight reached space at a height of 55.5 miles and sped up to Mach 3.
    • The Company reviewed extensive flight data and found the following:
      • SPCE’s upgraded horizontal stabilizers and flight controls performed well, as predicted.
      • The cabin environment data collected by SPCE also met expectations.
      • The VSS Unity was flown according to a specific trajectory in order to meet the objectives of these tests.

    SPCE’s further plans:

    As a result of the FAA’s approval of its full commercial launch license today, coupled with the success of its May 22 test flight, SPCE is confident that it will successfully conduct its first crewed mission this summer. Virgin Galactic (SPCE) will now turn its attention to preparing for the remaining three test flights after completing the analysis of the May flight.

  • Why Virgin Galactic Holdings, Inc. (SPCE) stock is gloomy today?

    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.

  • Under the spotlight: Aerospace & Defence Stocks

    Under the spotlight: Aerospace & Defence Stocks

    Rolls-Royce is now facing the most challenging time in its 114-year history because of the coronavirus crisis. By raising 5 billion pounds ($6.8 billion) in cash, the supplier to Airbus and Boeing Co (NYSE: BA) bought it time but warned that 2020 would be even worse than expected.

    The manufacturer of powerplants for British nuclear submarines might need to be saved by the state before it secured extra funds in November.

    Following last month’s reduction in Rolls’ debt rating to “junk,” Prime Minister Boris Johnson attempted to allay concerns, saying the government would work with the company to ensure its “long-term future” as a “great, great British company.”

    Rolls Royce is one of only four major manufacturers in the world of aero engines, symbolizing British industrial interests at a crucial time when the nation is attempting to assert its position in a post-Brexit world and struggling with uncertainty over the future trade relationships.

    The Boeing Company (NYSE:BA) shares were trading down -2.05% at $221.24 at the time of writing on Thursday. Boeing (BA) recently stated that the company and the University of Arizona put an age-old technique, thermal disinfection, to use in the fight against COVID-19.

    The Boeing Company (NYSE:BA) share price went from a low point around $89.00 to briefly over $349.95 in past 52 weeks, though shares have since pulled back to $221.24. BA market cap has remained high, hitting $127.12B at the time of writing, giving it price-to-sales ratio of more than 2.

    If we look at the recent analyst rating BA, UBS upgraded coverage on BA shares with a Buy rating and a $213.13 price target, which implies room for -8.11% downside momentum this year.

    EHang Holdings Limited (EH) last closed at $20.21, in a 52-week range of $7.59 to $24.38. The company achieved a significant milestone on the path to offering Urban Air Mobility (“UAM”) services worldwide. As On December 9, the Civil Aviation Authority of Austria issued a trial flight permit for the EH216 passenger-grade AAV. Analysts have a consensus price target of $13.00.

    Embraer S.A. (ERJ) stock drop by -0.96% to $7.22. The most recent rating by Morgan Stanley, on August 11, 2020, is at an Underweight.

    Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) Shares headed rising, higher as much as 6.63% following its announcement of successful completion of Kratos Valkyrie UAS AttritableONE flight test enabling the F-22 and F-35 5th flying of generation fighters in formation. The most recent rating by JP Morgan, on September 22, 2020, is at a Neutral.

    L3Harris Technologies Inc. (NYSE:LHX) fall -0.23% after losing more than -$0.42 on Thursday after reporting that it will host a conference call on Friday, January 29, 2021, at 8:30 a.m. Eastern Time (ET) to discuss its fourth quarter calendar year 2020 financial results.

    Lockheed Martin Corporation (LMT) last closed at $352.60, in a 52-week range of $266.11 to $442.53. Analysts have a consensus price target of $436.00.

    Northrop Grumman Corporation (NOC) stock drop by -0.44% to $300.68. On December 8, 2020, the company and Veritas Capital, revealed that Peraton, an affiliate of Veritas, has signed a definitive agreement to acquire Northrop Grumman’s federal IT and mission support services business for $3.4 billion in cash. The most recent rating by RBC Capital Mkts, on October 06, 2020, is at an Outperform.

    AMMO Inc. (NASDAQ:POWW) Shares headed falling, lower as much as -2.15% after reporting the closing of Underwriters’ $2.6 million over-allotment of common stock.

    Raytheon Technologies Corporation (NYSE:RTX) rose 0.10% after gaining more than $0.07 on Thursday.

    Virgin Galactic Holdings Inc. (SPCE) last closed at $25.50, in a 52-week range of $9.06 to $42.49. On December 14, 2020, the firm revealed an update following its recent test flight on December 12, 2020. Analysts have a consensus price target of $26.78.

    Spirit AeroSystems Holdings Inc. (SPR) stock drop by -1.30% to $36.37. The most recent rating by UBS, on December 07, 2020, is at a Buy.

    Smith & Wesson Brands Inc. (NASDAQ:SWBI) Shares headed rising, higher as much as 0.89% following the declaration from the firm that its Board of Directors has authorized the repurchase of up to $50 million of the company’s common stock through December 14, 202. The most recent rating by Aegis Capital, on September 24, 2020, is at a Buy.

    AgEagle Aerial Systems Inc. (AMEX:UAVS) rose 5.57% after gaining more than $0.17 on Thursday.

  • 49 Stocks Making Sharp Moves in Pre Market Session

    49 Stocks Making Sharp Moves in Pre Market Session

    BlackBerry Limited (BB) stock soared 21.29% to $8.49 in the pre-market trading following the announcement of its multi-year, global agreement with Amazon Web Services, Inc. (AWS). The most recent rating by TD Securities, on April 01, 2020, is a Hold.
    Gores Metropoulos Inc. (GMHI), a Shell Companies company, dropped about -3.71% at $16.37 in pre-market trading Wednesday.
    Carnival Corporation & Plc (NYSE: CCL) shares are trading up 2.48% at $20.65 at the time of writing. The firm recently reported Peter C. Anderson as a Section 16 Named Executive Officer. Company’s 52-week ranged between $7.80 to $51.94. Analysts have a consensus price target of $31.
    Guardion Health Sciences Inc. (GHSI) is up more than 2.11% at $0.3 in pre-market hours Wednesday December 02, 2020. The stock had jumped over 11.71% to $0.29 in the last trading session.
    Advaxis Inc. (ADXS) grew over 0.85% at $0.32 in pre-market trading today. The healthcare company recently announced closing of $9.2 million public offering.
    Before the trading started on December 02, 2020, RiceBran Technologies (RIBT) is down -5.56% to reach $0.68. It has been trading in a 52-week range of $0.37 to $2.43.
    Sundial Growers Inc. (SNDL) stock moved up 5.75 percent to $0.69 in the pre-market trading and the company recently announced elimination of senior secured second lien convertible notes.
    Kaixin Auto Holdings (KXIN) is up more than 4.55% at $7.35 in pre-market hours Wednesday December 02, 2020. The stock had jumped over 8.32% to $7.03 in the last trading session.
    Moleculin Biotech Inc. (MBRX) lost over -7.83% at $0.9125 in pre-market trading Wednesday December 02, 2020 after declaring that the US Food and Drug Administration (FDA) has approved its request for a “Rare Pediatric Disease” designation for its drug candidate WP1066.
    Jaguar Health Inc. (JAGX) stock plunged -5.83% to $0.4313 in the pre-market trading. The most recent rating by Rodman & Renshaw, on July 11, 2017, is a Buy.
    Auris Medical Holding Ltd. (EARS) stock plunged -17.97% to $4.29 in the pre-market trading after reporting positive efficacy data from testing AM-301 in vitro. The most recent rating by Euro Pacific Capital, on October 08, 2018, is a Buy.
    Before the trading started on December 02, 2020, Sunworks Inc. (SUNW) is up 9.88% to reach $4.67. It has been trading in a 52-week range of $0.29 to $8.50.
    China Automotive Systems Inc. (NASDAQ: CAAS) shares are trading down -4.95% at $8.25 at the time of writing after the firm declared that its shipped approximately 120,000 units from its portfolio of electric power steering products for use in Chinese electric vehicles during 2020. Company’s 52-week ranged between $1.42 to $10.50.
    Tilray Inc. (NASDAQ: TLRY) shares are trading up 1.61% at $8.2 at the time of writing. Company’s 52-week ranged between $2.43 to $22.95. Analysts have a consensus price target of $4.77.
    Ocugen Inc. (OCGN) lost over -8.87% at $0.3101 in pre-market trading Wednesday December 02, 2020. The company recently reported that leading independent proxy firms ISS and Glass Lewis recommended Ocugen stockholders vote “FOR” reverse stock split and authorized shares amendment proposals.
    AMC Entertainment Holdings Inc. (AMC) is up more than 2.41% at $4.25 in pre-market hours Wednesday December 02, 2020. The stock had dropped over -2.81% to $4.15 in the last trading session.
    Before the trading started on December 02, 2020, JetBlue Airways Corporation (JBLU) is down -4.67% to reach $14.7 following the declaration of its pricing of common stock offering. It has been trading in a 52-week range of $6.61 to $21.65.
    Before the trading started on December 02, 2020, Uxin Limited (UXIN) is down -3.65% to reach $1.32. It has been trading in a 52-week range of $0.72 to $3.10.
    Li Auto Inc. (NASDAQ: LI) shares are trading up 1.78% at $35.48 at the time of writing after announcing that the Company delivered 4,646 Li ONEs in November 2020. Company’s 52-week ranged between $14.31 to $47.70. Analysts have a consensus price target of $45.60.
    Aurora Cannabis Inc. (ACB) stock soared 3.59% to $10.1 in the pre-market trading. The most recent rating by Jefferies, on November 16, 2020, is an Underperform.
    Tantech Holdings Ltd (TANH), a Household & Personal Products company, dropped about -3.24% at $1.79 in pre-market trading Wednesday after reporting the launch by its subsidiary, Shangchi Automobile Co., Ltd., of its newest highly innovative driverless and autonomous street sweeper.
    Corbus Pharmaceuticals Holdings Inc. (NASDAQ: CRBP) shares are trading down -5.52% at $1.37 at the time of writing. Company’s 52-week ranged between $0.91 to $9.78. Analysts have a consensus price target of $3.
    iBio Inc. (IBIO) is up more than 19.31% at $1.73 in pre-market hours Wednesday December 02, 2020 after revealing that it has entered into its first Statement of Work (“SoW”) under a Master Services Agreement with ATB Therapeutics to produce its bioengineered antibody-toxin fusion proteins using iBio’s FastPharming® System. The stock had dropped over -2.68% to $1.45 in the last trading session.
    Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) shares are trading up 2.09% at $23.42 at the time of writing. Company’s 52-week ranged between $7.03 to $59.78. Analysts have a consensus price target of $26.
    Moderna Inc. (MRNA) stock soared 6.09% to $149.6 in the pre-market trading. The biotechnology firm reported recently, that the primary efficacy analysis of the Phase 3 study of mRNA-1273 conducted on 196 cases confirms the high efficacy observed at the first interim analysis. The most recent rating by Wells Fargo, on November 23, 2020, is an Equal weight.
    Switchback Energy Acquisition Corporation (SBE) is down more than -4.16% at $28.13 in pre-market hours Wednesday December 02, 2020. The stock had dropped over -12.67% to $29.35 in the last trading session.
    Novavax Inc. (NVAX) grew over 4.84% at $129.44 in pre-market trading today after declaring COVID-19 vaccine clinical development progress.
    Before the trading started on December 02, 2020, Eastman Kodak Company (KODK) is up 3.88% to reach $7.5. It has been trading in a 52-week range of $1.50 to $60.00.
    ReneSola Ltd (SOL), a Solar company, dropped about -11.66% at $6.97 in pre-market trading Wednesday after releasing its third quarter 2020 financial results.
    Acasti Pharma Inc. (ACST) stock plunged -9.56% to $0.3301 in the pre-market trading. The most recent rating by Oppenheimer, on September 01, 2020, is a Perform.
    Pfizer Inc. (PFE) stock moved up 3.73 percent to $40.88 in the pre-market trading after the firm and BioNTech SE reporting that the Medicines & Healthcare Products Regulatory Agency (MHRA) in the U.K. has granted a temporary authorization for emergency use for their COVID-19 mRNA vaccine (BNT162b2), against COVID-19.
    Gevo Inc. (NASDAQ: GEVO) shares are trading down -3.17% at $1.83 at the time of writing. Company’s 52-week ranged between $0.46 to $2.91.
    Fisker Inc. (FSR) is down more than -3.41% at $17.55 in pre-market hours Wednesday December 02, 2020. The company recently reported that that Henrik Fisker, chairman and chief executive officer of Fisker, will participate in the Credit Suisse Eighth Annual Virtual Industrials Conference. The stock had dropped over -6.24% to $18.17 in the last trading session.
    Nxt-ID Inc. (NXTD) grew over 43.17% at $0.587 in pre-market trading today.
    Before the trading started on December 02, 2020, Bloom Energy Corporation (BE) is down -6.58% to reach $23.0 and the company will host virtual analyst day on December 16, 2020. It has been trading in a 52-week range of $3.00 to $28.24.
    Ocean Power Technologies Inc. (OPTT), a Electrical Equipment & Parts company, dropped about -3.54% at $2.45 in pre-market trading Wednesday.
    Nikola Corporation (NKLA) stock soared 4.38% to $18.13 in the pre-market trading after signing MOU with General Motors. The most recent rating by Loop Capital, on November 20, 2020, is a Buy.
    Vaxart Inc. (VXRT) gained over 3.92% at $7.95 in pre-market trading Wednesday December 02, 2020.
    salesforce.com inc. (CRM) lost over -4.16% at $231.3 in pre-market trading Wednesday December 02, 2020 after introducing service cloud workforce engagement to help contact centers thrive in an all-digital, work-from-anywhere world.
    InVivo Therapeutics Holdings Corp. (NVIV), a Biotechnology company, rose about 2.42% at $0.635 in pre-market trading Wednesday.
    FuelCell Energy Inc. (FCEL) stock plunged -20.11% to $7.23 in the pre-market trading following the publication pricing of its underwritten public offering of 34,518,539 shares of its common stock, at a public offering price of $6.50 per share. The most recent rating by JP Morgan, on November 19, 2020, is a Neutral.
    Pershing Square Tontine Holdings Ltd. (PSTH), a Shell Companies company, rose about 2.34% at $26.25 in pre-market trading Wednesday.
    Virgin Galactic Holdings Inc. (NYSE: SPCE) shares are trading up 4.37% at $29.59 at the time of writing after reporting its new flight window since it paused the spaceflight preparations in response to state guidelines from the New Mexico Department of Health to reduce the spread of COVID-19. Company’s 52-week ranged between $7.14 to $42.49. Analysts have a consensus price target of $19.
    Second Sight Medical Products Inc. (EYES) stock moved down -8.0 percent to $1.38 in the pre-market trading.
    BioNTech SE (BNTX) grew over 7.36% at $122.4 in pre-market trading today after declaring that it will hold a press conference including a video webcast on Wednesday, December 2, 2020, to provide an update on the status of the COVID-19 vaccine development program of its lead vaccine candidate BNT162b2.
    Sogou Inc. (SOGO), a Internet Content & Information company, rose about 3.09% at $8.68 in pre-market trading Wednesday.
    Tellurian Inc. (TELL) is down more than -4.29% at $1.56 in pre-market hours Wednesday December 02, 2020 and the firm recently declared the appointment veteran CEO and adds industry experts to board of directors. The stock had jumped over 9.40% to $1.63 in the last trading session.
    Arlo Technologies Inc. (ARLO) lost over -3.48% at $6.66 in pre-market trading Wednesday December 02, 2020.
    Before the trading started on December 02, 2020, ZoomInfo Technologies Inc. (ZI) is down -3.57% to reach $46.22 as the firm announced pricing of secondary offering of shares of class a common stock. It has been trading in a 52-week range of $30.83 to $64.40.