Virgin Galactic Hldgs Stock (NYSE:SPCE), Trade Ideas

Virgin Galactic Hldgs

Virgin Galactic Holdings Inc is a United States-based vertically integrated aerospace company pioneering human spaceflight for private individuals & researchers, and it also manufactures advanced air and space vehicles. Using technologies, the company is developing a spaceflight system designed to offer its customers a multi-day, and transformative experience. This culminates in a spaceflight that includes views of Earth from space and several minutes of weightlessness that will launch from Spaceport America, New Mexico.

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News

SPCE

Virgin Galactic shares are trading lower by 5.6% to $0.86 during Wednesday&#39;s session. The company recently announced it is contemplating a reverse stock split, potentially at a ratio between 1-for-2 and 1-for-20.

What&#39;s Happening With Virgin Galactic Shares?

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Why Nucor Shares Are Trading Lower? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

business-3560916

Virgin Galactic shares are trading higher by 19% during Tuesday&#39;s session. The company recently announced it is contemplating a reverse stock split, potentially at a ratio between 1-for-2 and 1-for-20.

What&#39;s Going On With Virgin Galactic (SPCE) Stock?

Virgin Galactic Holdings, Inc. Common Stock

Virgin Galactic Holdings Inc

<p>Oppenheimer  analyst Michael Wiederhorn   maintains Community Health Sys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CYH#NYSE">CYH</a>) with a Outperform and lowers the price target from $5.5 to $4.5.</p>


Price Target

Analyst Ratings

Oppenheimer Maintains Outperform on Community Health Sys, Lowers Price Target to $4.5

<p><strong>Worksport Signals Undervalued Status, Eyes Major 2024 Growth</strong></p>
<p>West Seneca, New York 04-25-2024 - Worksport Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>, WKSPW)))), a U.S.-based manufacturer dedicated to developing innovative hybrid and clean energy solutions in light truck, overlanding, and global consumer goods markets, today released a memo to shareholders, iterating management's outlook on maximizing shareholder value and setting the stage for a transformative year in projected growth for 2024, on all fronts.&nbsp;</p>
<p>"As we steer through a pivotal phase at Worksport, our direction is clear and aimed at reinforcing our position as a leader in truck accessories and sustainable automotive solutions," said Steven Rossi, CEO &amp; President of Worksport. "With our focus on delivering innovative products that cater to the booming pickup truck, overlanding, and off-roading communities, we have just begun capturing our share of these significant market segments."</p>
<p><strong>Corporate Valuation and Growth Outlook:</strong></p>
<p>●&nbsp;<strong>Undervalued Stock Potential:</strong> With over 150 registered and pending patents and trademarks, a state-of-the-art facility valued at over $9.2 million-exceeding our current market cap-and advanced manufacturing equipment valued at more than $7 million, it is our belief that Worksport stock is significantly undervalued.</p>
<p>●&nbsp;<strong>Year-end sales for 2024 are expected to significantly increase from the previous year</strong>, primarily driven by Worksport's U.S.-made hard covers along with highly anticipated green-energy products coming this summer. Having already generated significant press and industry interest, the market introduction of the SOLIS solar cover and the COR portable energy storage system in the months ahead is expected to exponentially boost growth potential and substantially enhance shareholder returns.</p>
<p><strong>Strategic Inventory and Production Milestones:</strong></p>
<p>●&nbsp;<strong>Robust Inventory and Supply Chain Stability:</strong> With a robust balance of inventory to produce new products, a significant revenue growth opportunity is present, and is being met by strong demand for the Company's Made in America hard-covers. The Company is confident in its ability to produce significant volumes and capitalize on increasing demand without delay.</p>
<p>●&nbsp;<strong>B2C Sales Momentum:</strong> Direct-to-consumer sales campaigns initiated in March 2024 have already led to an uptick in sales, <strong>with sales figures from April 2024 already surpassing internal projections</strong>, indicating robust consumer demand and market acceptance.</p>
<p>●&nbsp;<strong>Accelerated B2B Engagements:</strong> An overwhelmingly positive reception from major U.S. business customers, including initial purchase orders from three leading players, has accelerated the Company's B2B pipeline, while marking a significant vote of confidence in Worksport's technology and business model.</p>
<p><strong>Innovation and Market Expansion:</strong></p>
<p>●&nbsp;<strong>First-to-Market Solar Truck Bed Cover:</strong> Finalized after extensive engineering and prototyping, the patented SOLIS cover is set for its market debut this summer. As a pioneer in the solar technology space, capturing even 5% of the U.S. market translates to significant revenue potential, potentially exceeding $300 million annually from the solar cover line alone. The SOLIS Solar Truck Bed Cover will be among the very first to market and will be available for all major makes and models. The Company has received copious interest from the media, industry partners, and consumers for this forthcoming innovation.</p>
<p>●&nbsp;<strong>COR Solid State Power Generator Launch:</strong> Complementing the SOLIS cover, the patent pending COR battery system is nearing the end of its prototyping phase. With each SOLIS unit sold, a COR unit stands as its perfect counterpart, enhancing utility and customer value. Alpha units of the COR system are expected to be available by this summer with strong interest from US Government Agencies &amp; Major Retailers.</p>
<p>●&nbsp;<strong>Groundbreaking Heat Pump Technology:</strong> Additionally, Worksport subsidiary, Terravis Energy, Inc., is on the brink of completing an innovative residential heat pump that surpasses existing technological standards by up to 40%. With the global heat pump market projected to grow at a CAGR of 8.5%, reaching $142.4 Billion by 2030, this development has garnered significant interest from conglomerate companies and governments worldwide.</p>
<p><strong>Grants and Intellectual Property:</strong></p>
<p>●&nbsp;<strong>Many active grant applications:</strong> Currently Worksport is actively pursuing several multi-million-dollar grants to further support the business, research and development efforts, and sales efforts. Worksport will be excited to share updates in the coming months regarding some of these applications.</p>
<p>●&nbsp;<strong>Expanding IP Portfolio:</strong> The strength of Worksport's intellectual property portfolio continues to further solidify our market position and innovation capacity, with new additions to the portfolio every quarter for the last year.</p>
<p>Despite a stock price that does not reflect our true value, the company believes 2024 is set to be an inflection point for Worksport that solidifies our position as a U.S-based manufacturer dedicated to developing innovative hybrid and clean energy solutions in the light truck, overlanding, and global consumer goods markets.</p>


Guidance

WKSP

Worksport Issues Company Memo, Signals Undervalued Status, Eyes Major 2024 Growth

<p><i>Visa to streamline access to select services via the AWS partner network for its cloud-native fintech, financial institution, and enterprise clients</i></p>
<p>Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), a world leader in global digital payments, announced today it has joined the AWS Partner Network (APN), a global community that leverages AWS technologies, programs, expertise, and tools to build solutions and services for customers. Visa's presence in the APN will help enable its partners and clients, including cloud-native fintechs, to access and integrate select Visa services more efficiently.</p>
<p><strong>Global Payments Simplified</strong></p>
<p>Visa is committed to making transactions faster, easier and more secure for all players in the payments ecosystem. Visa will make select payment services available in the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Faws.amazon.com%2Fmarketplace%2F&amp;esheet=53956845&amp;newsitemid=20240425648724&amp;lan=en-US&amp;anchor=AWS+Marketplace&amp;index=1&amp;md5=333e4db72dfb5e8bdd8f833c37b5920f">AWS Marketplace</a>, which has more than 300,000 global customers and thousands of software listings.</p>
<p>By making its services available in AWS, Visa is meeting its clients where they are. One of the first services to be available is <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fusa.visa.com%2Fsolutions%2Fvisa-cross-border-solutions.html&amp;esheet=53956845&amp;newsitemid=20240425648724&amp;lan=en-US&amp;anchor=Visa+Cross-Border+Solutions&amp;index=2&amp;md5=14c2ac3b9e9b2d4bb4fea523d008d1b8">Visa Cross-Border Solutions</a>, which assists in streamlining the process of sending and receiving money globally and holding multiple currencies. This strategic positioning will allow Visa's clients to integrate solutions like Visa Cross-Border Solutions into their business operations - eliminating the need for them to step out of their established platforms.</p>
<p>"Visa is dedicated to better serving our clients in cloud environments, which is why we're excited to bring Visa Cross-Border Solutions to the AWS Marketplace," said Vanessa Colella, Global Head of Innovation and Digital Partnerships, Visa. "We aim to make our solutions readily accessible and available for customers to easily integrate across diverse platforms. This is a step further in our broader commitment to reduce challenges for financial institutions and enterprises."</p>
<p><strong>Cloud-Based Connectivity</strong></p>
<p>Through AWS, Visa plans to bring more of its products to clients operating in the cloud. Companies wanting to process payments through AWS on <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fcorporate.visa.com%2Fen%2Fabout-visa%2Fvisanet.html&amp;esheet=53956845&amp;newsitemid=20240425648724&amp;lan=en-US&amp;anchor=VisaNet&amp;index=3&amp;md5=65924159146fed437711573c9cea57ba">VisaNet</a>, Visa's global processing network, can already establish secure AWS Privatelink connectivity with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fusa.visa.com%2Fproducts%2Fvisa-cloud-connect.html&amp;esheet=53956845&amp;newsitemid=20240425648724&amp;lan=en-US&amp;anchor=Visa+Cloud+Connect&amp;index=4&amp;md5=71e9dc0a0f8776cd99448f1c6aa44615">Visa Cloud Connect</a>.</p>
<p>Cloud-native fintechs, financial institutions, and enterprises have found using cloud services can help accelerate service deployment and customer adoption. It can also contribute to lowering costs associated with local data centers, implementing specialized hardware like physical routers, and payment hardware security modules (HSMs).</p>
<p>"As a cloud-native card issuer and processor, and one of the first issuer processors in Europe to connect to the Visa Cloud Connect endpoint in the EU, we believe the enablement of Visa services through AWS is a gamechanger," said Merusha Naidu, Global Head of Partnerships, Paymentology. "This partnership paves the way for enhanced digital payment solutions, providing startups with the tools they need to innovate and thrive in today's fast-paced landscape."</p>
<p><strong>Empowering Startups with Fintech Solutions</strong></p>
<p>Visa is also proud to announce that it is now part of <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Faws.amazon.com%2Factivate%2Factivate-landing%2F&amp;esheet=53956845&amp;newsitemid=20240425648724&amp;lan=en-US&amp;anchor=AWS+Activate&amp;index=5&amp;md5=cc43861259d18dfd725af01cdf48c54e">AWS Activate</a>, AWS's flagship startup program. Fintech clients enrolled in the Visa <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fpartner.visa.com%2Fsite%2Fprograms%2Ffintech-program.html&amp;esheet=53956845&amp;newsitemid=20240425648724&amp;lan=en-US&amp;anchor=Fintech+Fast+Track+program&amp;index=6&amp;md5=c9fbd246968dcbc8412c3ff3e7109b07">Fintech Fast Track program</a>, and verified by AWS as eligible, can receive up to $100,000 in AWS Activate credits to help jumpstart their growth and reduce their time to market.</p>
<p>"We are excited to support the expansion of digital payments, banking, and embedded finance capabilities to enterprises and fintech startups building their applications on AWS," said Howard Wright, VP and Global Head of Startups at AWS. "We are looking forward to working with Visa to help make financial apps in the cloud more accessible, faster, secure, and easier to use."</p>
<p>Many startups running on AWS have already benefited from Visa programs like <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fpartner.visa.com%2Fsite%2Fprograms%2Fvisa-ready.html&amp;esheet=53956845&amp;newsitemid=20240425648724&amp;lan=en-US&amp;anchor=Visa+Ready&amp;index=7&amp;md5=476237ec92741dc666d4fd2e8177e583">Visa Ready</a> and Fintech Fast Track.</p>


AMZN

Visa Joins AWS Partner Network To Help Simplify Global Digital Payments

<p><strong>Guidance</strong></p>
<p>Hess Midstream continues to target at least&nbsp;5%&nbsp;annual distribution growth per Class A share through 2026 from this new higher level and continues to prioritize financial strength with a long-term leverage target of 3x Adjusted EBITDA. For 2025 and 2026, Hess Midstream continues to expect organic throughput volume growth across all systems relative to 2024 volume&nbsp;guidance.</p>
<p>Hess Midstream is reaffirming its full year 2024&nbsp;guidance&nbsp;as follows:</p>
<table cellspacing="0">
<tbody>
<tr>
<td colspan="1" rowspan="1">
<p>&nbsp;</p>
</td>
<td colspan="2" rowspan="1">
<p><strong>Year Ending</strong></p>
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
<p>&nbsp;</p>
</td>
<td colspan="2" rowspan="1">
<p><strong>December 31, 2024</strong></p>
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
<p>&nbsp;</p>
</td>
<td colspan="2" rowspan="1">
<p><strong>(Unaudited)</strong></p>
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
<p><strong>Financials (<em>in millions</em>)</strong></p>
</td>
<td colspan="1" rowspan="1">
<p>&nbsp;</p>
</td>
<td colspan="1" rowspan="1">
<p>&nbsp;</p>
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
<p>Net income</p>
</td>
<td colspan="1" rowspan="1">
<p>$</p>
</td>
<td colspan="1" rowspan="1">
<p>670 - 720</p>
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
<p>Adjusted EBITDA</p>
</td>
<td colspan="1" rowspan="1">
<p>$</p>
</td>
<td colspan="1" rowspan="1">
<p>1,125 - 1,175</p>
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
<p>Capital expenditures</p>
</td>
<td colspan="1" rowspan="1">
<p>$</p>
</td>
<td colspan="1" rowspan="1">
<p>250 - 275</p>
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
<p>Adjusted free cash flow</p>
</td>
<td colspan="1" rowspan="1">
<p>$</p>
</td>
<td colspan="1" rowspan="1">
<p>685 - 735</p>
</td>
</tr>
</tbody>
</table>


Earnings

HESM

Hess Midstream Reaffirms 2024 Guidance For Net Income Of $670M - $720M, Adjusted EBITDA Of $1.125B – $1.175B And Adjusted Free Cash Flow Of $685M - $735M; Continues To Target At Least 5% Annual Distribution Growth Per Class A Share Through 2026

<p><strong>2024&nbsp;Guidance&nbsp;Remains Unchanged</strong></p>
<ul>
<li>2024 Full-year average production of 35,500-39,000 boepd, as announced on February 21, 2024</li>
<li>Fully-funded 2024 organic capital expenditures program of&nbsp;$150-200 million to drill 35-45 gross wells (including 5-10 gross exploration wells and 30-35 gross appraisal and development wells)</li>
</ul>


Commodities

General

GPRK

Geopark Reports 1Q 2024 Average Oil And Gas Production Of 35,473 Boe/Day

<ul>
<li><i>Upadacitinib demonstrated superiority versus dupilumab in primary endpoint of simultaneous achievement of near complete skin clearance (EASI 90) and no to little itch (WP-NRS 0/1)</i> <i>at Week 161</i></li>
<li><i>LEVEL UP, a Phase 3b/4 head-to-head study, compared upadacitinib to dupilumab for the treatment of adult and adolescent patients with moderate-to-severe atopic dermatitis who had inadequate response to systemic therapy or when use of those therapies was inadvisable1</i></li>
<li><i>The safety profile of upadacitinib was consistent with the profile in previous atopic dermatitis studies with no new safety signals identified during the 16-week period1,2</i></li>
</ul>
<p>NORTH CHICAGO, Ill., April 25, 2024 /PRNewswire/ --&nbsp;AbbVie (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) today announced positive topline results from LEVEL UP, an open-label, efficacy assessor-blinded head-to-head Phase 3b/4&nbsp;study that evaluated the efficacy and safety of upadacitinib (RINVOQ&#xAE;, 15 mg once daily starting dose and dose-adjusted based on clinical response) versus dupilumab (DUPIXENT&#xAE;, per its labeled dose) in adults and adolescents (≥12 years of age) with moderate-to-severe atopic dermatitis (AD) who had an inadequate response to systemic therapy or when use of those therapies was inadvisable.</p>
<p>"Even while receiving conventional treatments, many patients with atopic dermatitis still continue to live with&nbsp;significant itch&nbsp;and inflammatory skin symptoms that can profoundly impact their everyday lives," said&nbsp;Roopal Thakkar, M.D., senior vice president, chief medical officer, global therapeutics, AbbVie. "Results from this study show that patients with moderate-to-severe atopic dermatitis can strive for both little to no itch and clearer skin."</p>
<p>In the LEVEL UP study,&nbsp;upadacitinib showed superior efficacy versus dupilumab in the primary endpoint, demonstrating that a significantly higher proportion of patients simultaneously achieved both a 90% or greater reduction in Eczema Area and Severity Index (EASI 90) and a Worst Pruritus Numerical Rating Scale of 0 or 1 (WP-NRS 0/1) at Week 16 [(19.9% vs 8.9% for upadacitinib and dupilumab respectively, p&lt;0.0001)].1</p>
<p>The EASI is a clinically validated measure used to assess the severity and extent of atopic dermatitis, while the WP-NRS is an assessment tool that patients use to report the intensity of their pruritus daily (with 0 being 'no itch' and 10 being the 'worst imaginable itch').</p>
<p>Upadacitinib also showed superiority versus dupilumab for all ranked secondary endpoints, including the rapid onset of achieving near complete skin clearance and no to little itch.&nbsp;For the first two ranked secondary endpoints, the study showed that&nbsp;a significantly higher proportion of patients treated with upadacitinib:</p>
<ul>
<li>Achieved EASI 90 at Week 16 [(40.8% vs 22.5%, p&lt;0.0001)].1</li>
<li>Achieved a WP-NRS of 0/1 at Week 16 [(30.2% vs 15.5%, p&lt;0.0001)].1,a</li>
</ul>
<p>AbbVie plans to present results from the LEVEL UP study at a future medical congress.</p>
<p>The LEVEL UP study is the first head-to-head trial in atopic dermatitis assessing upadacitinib at a starting&nbsp;dose of 15 mg daily versus dupilumab at its labeled dose. Upadacitinib was initiated in adults and adolescents (≥12 years of age, weighing at least 40 kg) at 15 mg once daily (QD) and dose-escalated to 30 mg QD based on clinical response. Dupilumab was initiated at 600 mg, followed by 300 mg every other week (Q2W) in adults and adolescents weighing ≥60 kg; adolescents weighing less than 60 kg received an initial dose of 400 mg, followed by 200 mg Q2W.1</p>
<p>"Too many patients are still not achieving optimal disease control in atopic dermatitis despite taking steps to manage their condition," said&nbsp;Jonathan Silverberg, M.D., Ph.D., MPH, professor of dermatology and director of clinical research at the George Washington University School of Medicine and Health Sciences. "Results from the LEVEL UP study highlight how treatment options such as upadacitinib can achieve high treatment goals in atopic dermatitis with combined measures of EASI 90 and NRS 0/1, not just itch resolution or just skin clearance."</p>
<p>The observed safety profile for upadacitinib in LEVEL UP was consistent with that observed in previous upadacitinib atopic dermatitis clinical studies.1,2 No new safety signals were identified during the study period.1 In Period 1, the most common adverse events&nbsp;(AE) reported were nasopharyngitis&nbsp;for both the upadacitinib and dupilumab group.1 The rate of serious AEs (0.9%) was the same for both upadacitinib and dupilumab. There was one serious infection reported in the dupilumab group and none in the upadacitinib group.1&nbsp;No malignancies, adjudicated major adverse cardiac events, adjudicated venous thromboembolic events (VTEs)&nbsp;or treatment-emergent deaths were reported in either treatment group.1</p>
<p><i>[a]&nbsp;This endpoint was evaluated among patients with a baseline WP-NRS &gt;1.</i></p>
<p><strong>About Atopic Dermatitis&nbsp;</strong></p>


Biotech

ABBV

AbbVie New Data Show RINVOQ Demonstrated Superiority Versus DUPIXENT Across Primary And All Secondary Endpoints In An Open-Label Head-To-Head Atopic Dermatitis Study; Achieved Both A 90% Or Greater Reduction In Eczema Area And Severity Index And A Worst Pruritus Numerical Rating Scale Of 0 Or 1 At Week 16

<p>West Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTBA#NASDAQ">WTBA</a>) reported quarterly earnings of $0.35 per share which beat the analyst consensus estimate of $0.27 by 29.63 percent. This is a 25.53 percent decrease over earnings of $0.47 per share from the same period last year.  The company reported quarterly sales of $19.049 million which beat the analyst consensus estimate of $18.890 million by 0.84 percent.  This is a 12.02 percent decrease over sales of $21.652 million the same period last year.</p>


Earnings Beats

WTBA

West Bancorp Q1 2024 GAAP EPS $0.35 Beats $0.27 Estimate, Sales $19.049M Beat $18.890M Estimate

<p>ShareCap calls on the Board to initiate a strategic alternatives process that, among the alternatives, reconsiders Future Pak&#39;s offer.</p>


VNDA

Vanda Pharmaceuticals Shareholder ShareCap Says Company Board Must Explore Strategic Alternatives

<p><strong>T-Mobile US, Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) is set to release earnings results for its first quarter, after the <a href="https://www.benzinga.com/quote/TMUS/earnings">closing bell on April 25, 2024.</a></p>
<p>Analysts expect the Bellevue, Washington-based company to report quarterly earnings at $1.87 per share, up from $1.58 per share in the year-ago period. T-Mobile US is projected to post revenue of $19.81 billion (roughly the same as the year-earlier quarter, per data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>).</p>
<p>T-Mobile recently announced $163 Million in completed network upgrades for Arkansas.</p>
<p>With the recent buzz around T-Mobile US, some investors may be eyeing potential gains from the company's dividends, too. T-Mobile US currently offers an annual dividend yield of 1.58% — a quarterly dividend amount of 65 cents per share ($2.60 a year).</p>
<p>So, how can investors exploit its dividend yield to pocket a regular $500 monthly?</p>
<p><strong>To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $378,927 or around 2,308 shares. For a more modest $100 per month or $1,200 per year, you would need $75,851 or around 462 shares.</strong></p>
<p><em>Read This: <a href="https://www.benzinga.com/news/24/04/38402061/jim-cramer-says-this-energy-stock-is-terrific-calls-caseys-general-stores-a-winner">Jim Cramer Says This Energy Stock Is &#8216;Terrific,&#8217; Calls Casey&#8217;s General Stores A &#8216;Winner&#8217;</a></em></p>
<p><strong>To calculate:</strong> Divide the desired annual income ($6,000 or $1,200) by the dividend ($2.60 in this case). So, $6,000 / $2.60 = 2,308 ($500 per month), and $1,200 / $2.60 = 462 shares ($100 per month).</p>
<p>Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.</p>
<p><strong>How that works:</strong> The dividend yield is computed by dividing the annual dividend payment by the stock&#8217;s current price.</p>
<p>For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).</p>
<p>Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.</p>
<p><strong>TMUS Price Action:</strong> Shares of T-Mobile US rose 0.6% to close at $164.18 on Wednesday.</p>
<p><em>Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38405528/over-1m-bet-on-citi-trends-check-out-these-3-stocks-insiders-are-buying">Over $1M Bet On Citi Trends? Check Out These 3 Stocks Insiders Are Buy</a></em><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38405528/over-1m-bet-on-citi-trends-check-out-these-3-stocks-insiders-are-buying">ing</a></p>
<p><em>Image: Shutterstock</em></p>


Long Ideas

Trading Ideas

TMUS

How To Earn $500 A Month From T-Mobile US Stock Ahead Of Q1 Earnings Report

ROIV

Roivant And Kinevant Sciences Complete Enrollment In RESOLVE-Lung Phase 2 Study Evaluating Namilumab For Chronic Pulmonary Sarcoidosis

Standard BioTools Expects To Achieve $45M-$50M In Annualized Operating Expense Savings In Fiscal 2025

<p>Telsey Advisory Group  analyst Sarang Vora   maintains Coursera (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COUR#NYSE">COUR</a>) with a Outperform and maintains $25 price target.</p>


COUR

Telsey Advisory Group Maintains Outperform on Coursera, Maintains $25 Price Target

Health Care

XOMA

Xoma Earns $9M As FDA Grants Accelerated Approval To Day One's Ojemda (Tovorafenib) For Relapsed Or Refractory BRAF-Altered Pediatric Low-grade Glioma

<p><a href="https://www.theinformation.com/articles/bytedance-exploring-scenarios-for-selling-tiktok-without-algorithm" title="https://www.theinformation.com/articles/bytedance-exploring-scenarios-for-selling-tiktok-without-algorithm">https://www.theinformation.com/articles/bytedance-exploring-scenarios-for-selling-tiktok-without-algorithm</a></p>


Asset Sales

GOOG

GOOGL

PINS

SNAP

'ByteDance Exploring Scenarios For Selling TikTok Without Algorithm' - The Information

<p>As part of the investment, Sopris Capital has purchased 2.906 million Class A common shares and is now one of Bitcoin Depot&#39;s largest independent shareholders.</p>


Bitcoin Depot Reveals Strategic Investment From Sopris Capital

<h3>Gainers</h3>
<ul>
<li><strong>Grove Collaborative Hldgs</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GROV#NYSE">GROV</a>) stock rose 8.6% to $1.65 during Thursday's pre-market session. The company's market cap stands at $63.0 million. </li>
<li><strong>Serve Robotics</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) stock moved upwards by 7.83% to $3.04. </li>
<li><strong>Connexa Sports Techs</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) stock moved upwards by 7.26% to $0.95. The market value of their outstanding shares is at $175.1 million. </li>
<li><strong>Visionary Holdings</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) stock rose 7.06% to $0.16. The market value of their outstanding shares is at $8.2 million. </li>
<li><strong>Mobileye Global</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) stock moved upwards by 6.87% to $33.26. The company's market cap stands at $26.8 billion. As per the press release, Q1 earnings came out today. </li>
<li><strong>Big Lots</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIG#NYSE">BIG</a>) shares increased by 4.98% to $3.58. The market value of their outstanding shares is at $105.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Jakks Pacific</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAKK#NASDAQ">JAKK</a>) shares declined by 10.2% to $21.06 during Thursday's pre-market session. The company's market cap stands at $227.4 million. As per the press release, Q1 earnings came out yesterday. </li>
<li><strong>EpicQuest Education Group</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EEIQ#NASDAQ">EEIQ</a>) shares fell 9.46% to $0.75. The market value of their outstanding shares is at $9.2 million. </li>
<li><strong>MarineMax</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HZO#NYSE">HZO</a>) shares fell 9.13% to $24.7. The market value of their outstanding shares is at $550.7 million. As per the press release, Q2 earnings came out today. </li>
<li><strong>Amesite</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMST#NASDAQ">AMST</a>) stock declined by 8.96% to $3.05. The market value of their outstanding shares is at $7.7 million. </li>
<li><strong>Massimo</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAMO#NASDAQ">MAMO</a>) stock fell 6.09% to $4.17. The company's market cap stands at $172.2 million. </li>
<li><strong>Genius Gr</strong> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GNS#AMEX">GNS</a>) shares declined by 5.02% to $0.4. The company's market cap stands at $38.8 million.<br />
<strong>See Also:</strong> <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


AMST

EEIQ

GROV

JAKK

MAMO

MBLY

SERV

Connexa Sports Technologies Inc. - Common Stock

YYAI

12 Consumer Discretionary Stocks Moving In Thursday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li><strong>Processa Pharma</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCSA#NASDAQ">PCSA</a>) shares moved upwards by 31.2% to $2.12 during Thursday's pre-market session. The company's market cap stands at $6.0 million. </li>
<li><strong>Cyclacel Pharmaceuticals</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYCC#NASDAQ">CYCC</a>) stock rose 23.04% to $2.83. The company's market cap stands at $3.7 million. </li>
<li><strong>Compass Therapeutics</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPX#NASDAQ">CMPX</a>) shares rose 21.62% to $1.8. The market value of their outstanding shares is at $247.6 million. </li>
<li><strong>Virax Biolabs Group</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRAX#NASDAQ">VRAX</a>) shares increased by 19.37% to $0.79. The company's market cap stands at $1.8 million. </li>
<li><strong>Nuwellis</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUWE#NASDAQ">NUWE</a>) shares increased by 13.84% to $0.29. The company's market cap stands at $1.9 million. </li>
<li><strong>Can Fite Biofarma</strong> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CANF#AMEX">CANF</a>) stock moved upwards by 12.37% to $2.18. The company's market cap stands at $10.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Sunshine Biopharma</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBFM#NASDAQ">SBFM</a>) stock decreased by 10.5% to $0.83 during Thursday's pre-market session. </li>
<li><strong>Vaccinex</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCNX#NASDAQ">VCNX</a>) shares declined by 8.1% to $4.6. The company's market cap stands at $7.2 million. </li>
<li><strong>SenesTech</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNES#NASDAQ">SNES</a>) stock fell 8.04% to $0.7. The company's market cap stands at $3.6 million. </li>
<li><strong>Pluri</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUR#NASDAQ">PLUR</a>) stock decreased by 7.27% to $4.72. The company's market cap stands at $24.6 million. </li>
<li><strong>Adial Pharmaceuticals</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADIL#NASDAQ">ADIL</a>) stock fell 7.02% to $1.59. The market value of their outstanding shares is at $6.4 million. </li>
<li><strong>Heart Test Laboratories</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSCS#NASDAQ">HSCS</a>) shares declined by 6.86% to $0.1. The market value of their outstanding shares is at $6.5 million.<br />
<strong>See Also:</strong> <a href="http://www.benzinga.com/money/best-healthcare-stocks/" title="www.benzinga.com/money/best-healthcare-stocks/">www.benzinga.com/money/best-healthcare-stocks/</a></li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


ADIL

CANF

CMPX

CYCC

HSCS

NUWE

PCSA

PLUR

SBFM

SNES

VCNX

VRAX

12 Health Care Stocks Moving In Thursday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li><strong>Intelligent Living</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILAG#NASDAQ">ILAG</a>) shares rose 56.6% to $0.85 during Thursday's pre-market session. The market value of their outstanding shares is at $15.2 million. </li>
<li><strong>Ultralife</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULBI#NASDAQ">ULBI</a>) stock rose 17.27% to $10.24. The company's market cap stands at $168.4 million. The company's, Q1 earnings came out today. </li>
<li><strong>P.A.M. Transportation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTSI#NASDAQ">PTSI</a>) stock increased by 12.17% to $16.31. The company's market cap stands at $359.3 million. </li>
<li><strong>TransUnion</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRU#NYSE">TRU</a>) stock moved upwards by 12.11% to $77.0. The company's market cap stands at $14.9 billion. As per the news, the Q1 earnings report came out today. </li>
<li><strong>Nauticus Robotics</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) stock rose 8.21% to $0.21. The company's market cap stands at $12.8 million. </li>
<li><strong>SES AI</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>) shares moved upwards by 7.93% to $1.36. The company's market cap stands at $482.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Lichen China</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) shares decreased by 8.4% to $0.92 during Thursday's pre-market session. The market value of their outstanding shares is at $25.0 million. </li>
<li><strong>ESGL Holdings</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESGL#NASDAQ">ESGL</a>) stock fell 8.13% to $0.58. The company's market cap stands at $13.3 million. </li>
<li><strong>Textron</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) stock decreased by 7.04% to $87.4. The market value of their outstanding shares is at $16.8 billion. As per the news, the Q1 earnings report came out today. </li>
<li><strong>Northann</strong> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NCL#AMEX">NCL</a>) stock decreased by 6.38% to $0.5. The market value of their outstanding shares is at $10.5 million. </li>
<li><strong>Shimmick</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHIM#NASDAQ">SHIM</a>) stock declined by 6.34% to $2.81. The company's market cap stands at $71.8 million. </li>
<li><strong>Earlyworks Co</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) shares fell 5.59% to $0.58. The market value of their outstanding shares is at $8.7 million.<br />
<strong>See Also:</strong> <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


ELWS

ESGL

ILAG

KITT

Nuveen Insured California Premium Fund Ii

PTSI

SHIM

ULBI

12 Industrials Stocks Moving In Thursday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li><strong>ReAlpha Tech Corp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRE#NASDAQ">AIRE</a>) stock rose 48.3% to $1.72 during Thursday's pre-market session. The company's market cap stands at $75.8 million. As per the press release, Q1 earnings came out 4 days ago. </li>
<li><strong>Nano Labs</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) stock increased by 10.58% to $0.43. The market value of their outstanding shares is at $17.7 million. </li>
<li><strong>Focus Universal</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCUV#NASDAQ">FCUV</a>) stock increased by 10.53% to $0.31. The market value of their outstanding shares is at $20.0 million. </li>
<li><strong>Ultra Clean Hldgs</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCTT#NASDAQ">UCTT</a>) stock increased by 10.28% to $44.4. The company's market cap stands at $1.9 billion. </li>
<li><strong>Impinj</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) stock moved upwards by 9.99% to $133.0. The market value of their outstanding shares is at $3.6 billion. As per the press release, Q1 earnings came out yesterday. </li>
<li><strong>Teradyne</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) stock moved upwards by 9.13% to $109.9. The market value of their outstanding shares is at $16.8 billion. As per the press release, Q1 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Alpha Technology Group</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) shares decreased by 11.5% to $2.3 during Thursday's pre-market session. The company's market cap stands at $35.1 million. </li>
<li><strong>IBM</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) stock decreased by 8.78% to $167.95. The company's market cap stands at $153.9 billion. As per the press release, Q1 earnings came out yesterday. </li>
<li><strong>NextTrip</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRP#NASDAQ">NTRP</a>) stock declined by 8.76% to $2.71. The company's market cap stands at $3.6 million. </li>
<li><strong>Ostin Technology Group</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) stock declined by 7.77% to $0.42. The market value of their outstanding shares is at $7.1 million. </li>
<li><strong>BIT Mining</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTCM#NYSE">BTCM</a>) stock decreased by 7.26% to $2.94. The company's market cap stands at $32.6 million. </li>
<li><strong>Brand Engagement Network</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNAI#NASDAQ">BNAI</a>) shares decreased by 7.24% to $3.46. The market value of their outstanding shares is at $115.2 million.<br />
<strong>See Also:</strong> <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


AIRE

ATGL

BNAI

BTCM

FCUV

NTRP

UCTT

12 Information Technology Stocks Moving In Thursday's Pre-Market Session

<p>Heritage Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HFWA#NASDAQ">HFWA</a>) reported quarterly earnings of $0.40 per share which met the analyst consensus estimate. This is a 31.03 percent decrease over earnings of $0.58 per share from the same period last year.  The company reported quarterly sales of $48.630 million which missed the analyst consensus estimate of $59.894 million by 18.81 percent.  This is a 28.59 percent decrease over sales of $68.100 million the same period last year.</p>


Earnings Misses

HFWA

Heritage Financial Q1 2024 GAAP EPS $0.40, Inline, Sales $48.630M Miss $59.894M Estimate

Virgin Galactic Holdings Inc (SPCE) is higher by Monday morning, with the stock rising 2.03% in pre-market trading to 1.51. SPCE's short-term technical score of 13 indicates that the stock has traded less bullishly over the last month than 87% of stocks on the market. In the Aerospace and Defense industry, which ranks 32 o

Virgin Galactic Holdings Inc (SPCE) has risen 2.03% Monday In Premarket Trading

Virgin Galactic: More Downside Expected After Boeing Lawsuit

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><a href="https://investorplace.com/industries/industrial/space/">Space stocks</a> attract investors for two principal reasons: space tourism and space exploration. Because space tourism is so young, the market size is hard to peg, but Grand View Research is <a href="https://www.grandviewresearch.com/press-release/global-space-tourism-market">forecasting a 45% CAGR</a> from 2024 to 2030, eventually leading to a $10 billion valuation. &#8203;The benefits of space exploration are similarly hard to measure. However, the resources in the asteroid belt between Mars and Jupiter alone are worth <a href="https://financialtribune.com/articles/sci-tech/119297/nasa-to-study-asteroid-loaded-with-10-quintillion-worth-of-metals">an estimated $700 quintillion</a>.</p>



<p>I take all of these estimates with a grain of salt, but one thing is certain: Space is uncharted territory offering rich returns, with North America leading the market. </p>



<h2>Virgin Galactic (SPCE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/spce-1600-300x169.jpg" alt="spce stock"><div>Source: rafapress / Shutterstock.com</div></div><p>After completing its 11th successful spaceflight &mdash; and its first in 2024 &mdash; <strong>Virgin Galactic </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/spce-stock-quote/"><strong>SPCE</strong></a></span>) looked to lead space stocks this year. However, it&rsquo;s in hot waters thanks to a <strong>Boeing </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/ba-stock-quote/"><strong>BA</strong></a></span>) <a href="https://investorplace.com/2024/03/spce-stock-alert-virgin-galactic-just-got-sued-by-boeing/">lawsuit</a>, which could cause delays in the commencement of commercial Delta class spaceflights slated for 2026.</p>



<p>Boeing contends Virgin Galactic failed to fulfill contractual obligations and eliminate two sets of trade secrets after terminating their partnership to create a Mothership jet carrier. Boeing alleges Virgin continues to use these trade secrets to develop its new aircraft carrier, potentially exposing vital data to public disclosure. Virgin Galactic <a href="https://www.bloomberg.com/news/articles/2024-04-05/virgin-galactic-fires-back-at-boeing-over-failed-mothership-deal">plans to fight back</a>, but the stock is already pricing in the lawsuit, down 47% in 2024.</p>



<p>There&rsquo;s no denying that the issue clouds Virgin Galactic&rsquo;s 2026 targets. Following the <a href="https://markets.ft.com/data/announce/detail?dockey=600-202401261341BIZWIRE_USPRX____20240126_BW312857-1">completion of its Galactic 06 mission</a> &mdash; which made headlines because all four seats on board VSS Unity were occupied by private astronauts &mdash; Virgin Galactic talked about increasing the number of flights it can conduct by building its next-generation Delta-class ships, scheduled to begin testing next year and go into commercial service in 2026.</p>



<p>A <a href="https://www.marketwatch.com/story/virgin-galactic-narrows-losses-but-the-space-tourism-stock-drops-36ce9f36">narrowing of its loss</a> in the latest quarter built on its promise to generate positive free cash flow by 2026. </p>



<p>However, until a replacement mothership is created, Virgin Galactic&rsquo;s growth will probably be hampered by the current constraints of its VMS Eve, <a href="https://spacenews.com/virgin-galactic-investigating-dropped-pin-on-most-recent-suborbital-flight/">which lost its alignment pin</a> during its most recent space mission.</p>



<p>On the other hand, if matters between the two parties get settled out of court, Virgin could be back on track and make a run for its consensus target price of around $3, translating into 123% in potential upside. This combines to make SPCE one of the most high-risk, high-reward space stocks. </p>



<h2>Intuitive Machines (LUNR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/lunr1600-300x169.png" alt="Intuitive Machines logo displayed on a mobile phone, with the abstract background on a computer screen. LUNR stock"><div>Source: Below the Sky / Shutterstock.com</div></div><p>As Virgin Galactic battles the Boeing lawsuit, <strong>Intuitive Machines </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/lunr-stock-quote/"><strong>LUNR</strong></a></span>) is seeing growth in its shares after securing a big NASA contract to aid in lunar exploration.</p>



<p>Intuitive Machines will help develop a Lunar Terrain Vehicle for upcoming moon missions. Intuitive Machines, acknowledged as a main contractor for NASA&rsquo;s Artemis program, will receive a $30 million payment. Working with partners such as Boeing and Northrop Grumman, the deal has a potential <a href="https://www.forbes.com/sites/mollybohannon/2024/04/03/this-billionaire-backed-space-company-could-build-the-next-moon-rover-for-nasa-astronauts/">value of up to $4.6 billion</a>. </p>



<p>The most recent development intensifies the attraction of LUNR, which is already booming due to the <a href="https://www.theverge.com/2024/2/22/24080498/odysseus-lunar-lander-nasa-moon-intuitive-machines">private Odysseus lander&rsquo;s moon landing</a> &mdash; a first for the U.S. since 1972.</p>



<p>The moon landing enhanced Intuitive Machines&rsquo; remarkable first quarter. The company announced exceptional financial results for Q4 2023, comfortably exceeding projections. It reported earnings per share of 33 cents, a noteworthy 120% increase from the previous year, while Q4 revenues of $30.6 million exceeded estimates by $8.4 million. </p>



<p>However, tempering this excitement in Q1 was <a href="https://investorplace.com/2024/04/lunr-stock-alert-intuitive-machines-nabs-nasa-contract/">announcing a $300 million stock offering</a>. The markets, though, are in a forgiving mood, exemplified with a year-to-date return of 141%. Strong execution thus far has investors trusting that the money will go towards enhancing space crafts, building on an already <a href="https://www.cnbc.com/2024/03/21/intuitive-machines-lunr-q4-results-improved-cash-position-backlog.html">impressive cash balance</a> of roughly $55 million on March 1. Despite the sharp increase, analysts <a href="https://www.tipranks.com/stocks/LUNR/forecast">still forecast a 115% upside</a> for LUNR. </p>



<h2>Northrop Grumman (NOC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/noc_northrop_grumman_drone_1600-300x169.png" alt="Szczecin,Poland-January 2022:Northrop Grumman RQ-4 Global Hawk taking off from an airfield equipped with drone control equipment.3D Illustration."><div>Source: Mike Mareen / Shutterstock.com</div></div><p>Suppose you want to invest in space stocks but dislike the volatility of Virgin Galactic and Intuitive Machines. In that case, <strong>Northrop Grumman  </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/noc-stock-quote/"><strong>NOC</strong></a></span>), with 21 consecutive years of dividend hikes, certainly grabs attention.</p>



<p>Northrop collaborates with NASA to create spacecraft and orbit stations for lunar exploration. In particular, the multinational defense and aerospace company is notably working on NASA&rsquo;s lunar Gateway, an important lynchpin of the NASA-led Artemis missions <a href="https://www.nasa.gov/mission/gateway/">to go back to the Moon</a> and map a route for the first human flights to Mars.</p>



<p>Northrop is not a stranger to government work, which gives it access to smooth, recurring free cash flow. Notable examples include its work with the U.S. Army&rsquo;s Precision Strike Missile System and the development and testing of Hypersonic Air-Breathing Weapon Concept (HAWC) vehicles, <a href="https://investorplace.com/2023/08/dont-sleep-on-these-3-space-stocks-that-will-mint-millionaires/">which it carried out</a> under a Defense Advanced Research Projects Agency (DARPA) contract in collaboration with <strong>Raytheon Technologies </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/rtx-stock-quote/"><strong>RTX</strong></a></span>).</p>



<p>Northrop is also cashing in on the AI wave <a href="https://news.northropgrumman.com/news/releases/northrop-grumman-and-episci-to-collaborate-on-advanced-autonomy-capabilities">through its partnership</a> with <strong>EpiSci </strong>to create and implement autonomous tactical solutions.</p>



<p>Finally, Northrop will continue to benefit from the rise in military budgets in the U.S. and Europe. NATO data shows the bloc&rsquo;s European arm is back to spending 2% of its GDP in 2024. The cash stockpile from this segment will help pacify investor concerns regarding potential losses in the space division, which is still nascent. </p>



<p>The stock <a href="https://www.tipranks.com/stocks/noc/forecast">holds a 5% upside</a> based on a $480 price target.</p>



<p><em>On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em>Publishing Guidelines</em></a></p>
<div><p>Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&amp;P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/cosmic-profits-3-space-stocks-with-sky-high-potential/">Cosmic Profits: 3 Space Stocks With Sky-High Potential</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Cosmic Profits: 3 Space Stocks With Sky-High Potential

Virgin Galactic stock closes in red for a seventh consecutive day

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>An underappreciated part of investing is knowing when to cut your losses. No one bats a thousand in this field; even the best investors make some bad picks and come up with ideas that don&rsquo;t pan out from time to time. </p>



<p>It&rsquo;s one thing to get a pick wrong. It&rsquo;s quite another thing to stay wrong. Further to that, there&rsquo;s no reason to be loyal to a stock just because you already own it. In fact, investors should pay special attention to make sure they don&rsquo;t fall prey to <a href="https://thedecisionlab.com/biases/the-sunk-cost-fallacy">sunk cost fallacy</a>. </p>



<p>It&rsquo;s never too late to dump a bad investment and reallocate the funds to a more promising opportunity. These are seven struggling stocks to avoid; investors should dump these companies now before things go from bad to worse. </p>



<h2>GameStop (GME)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/05/gamestop-sign-gme-stock-storefront-1600-300x169.jpg" alt="GameStop (GME) sign on side of building in blue early morning light"><div>Source: shutterstock.com/EchoVisuals</div></div><p><strong>GameStop</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/gme-stock-quote/"><strong>GME</strong></a></span>) was one of the most improbable stock market events of the past decade. Shares rose as much as 100-fold from the lows during its historic short squeeze.  The event became so famous that <a href="https://investorplace.com/2023/09/why-the-dumb-money-film-release-wont-save-gme-or-amc-stock/">a documentary</a> was made about it. Several hedge funds lost large sums of money betting against the company, further adding to the drama.</p>



<p>Stripped of the magic, however, there is a little to recommend GameStop as an investment in the year 2024. </p>



<p>The company continues to post <a href="https://investorplace.com/2024/04/a-sales-slump-is-the-kiss-of-death-for-gamestop-stock/">poor operating results</a>. This shouldn&rsquo;t be surprising as more and more of the gaming industry goes to digital rather than physical distribution means. GameStop&rsquo;s other efforts such as selling collectibles and its prior cell phone venture also failed to turn around the firm&rsquo;s prospects. The future looks especially bleak as game developers increasingly stop selling games on <a href="https://www.levelup.com/en/originals/747758/The-end-of-physical-media-in-video-games-is-approaching">physical discs</a> altogether.</p>



<p>GameStop shares have slumped in 2024 is it becomes increasingly clear that there will be no comeback for the firm&rsquo;s operating business. Traders should exit their GameStop shares before they lose what&rsquo;s left of the remaining value.</p>



<h2>AMC Entertainment (AMC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/amc1600-4-300x169.png" alt="AMC Entertainment sell off continues as stock sees tenth straight losing day, as the markets continued to see volatility following Federal Reserve Chairman's speech."><div>Source: TY Lim / Shutterstock.com</div></div><p>If GameStop was the original meme stock, <strong>AMC Entertainment</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/amc-stock-quote/"><strong>AMC</strong></a></span>) was not far behind. Traders piled into AMC shares back in 2021 in hopes of turning around the struggling movie theater chain. Advocates hoped to set off what they called the mother of all short squeezes.</p>



<p>And credit where it&rsquo;s due, a huge short squeeze did occur. AMC rose from a (split-adjusted) low of $10 up to nearly $400 at its ultimate peak. But that period has long since passed, and shares are now down 99% from the highs. </p>



<p>AMC leadership was not able to capitalize on the hype and interest around the company. The management team has made questionable decisions, such as investing in a <a href="https://www.theverge.com/2022/3/16/22981454/amc-gold-mine-investment-memestock-adam-aron">gold mining</a> company which had no apparent connection to AMC&rsquo;s core movie business.</p>



<p>Box office <a href="https://www.hollywoodreporter.com/movies/movie-news/box-office-domestic-revenue-global-forecast-1235778767/">attendance remains down</a> versus pre-pandemic levels. And AMC doesn&rsquo;t have much time to turn things around. AMC&rsquo;s balance sheet is troubled, with the firm having a sharply negative book value per share. This indicates that the stock would be effectively worthless if the company wound down operations today. </p>



<p>Given its huge debt load and poor operating results, AMC seems likely to continue sinking further into penny stock territory. </p>



<h2>Virgin Galactic (SPCE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/spce-1600-300x169.jpg" alt="spce stock"><div>Source: rafapress / Shutterstock.com</div></div><p>Back during the 2021 SPAC boom, traders were willing to give almost anything a shot. Even some frankly out of this world ideas. That includes <strong>Virgin Galactic</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/spce-stock-quote/"><strong>SPCE</strong></a></span>).</p>



<p>Richard Branson&rsquo;s company seeks to popularize a form of space tourism. We&rsquo;re not talking about going to Mars here, but rather reaching orbit just long enough to enjoy a brief zero gravity flight experience. </p>



<p>In theory, there may be demand for this sort of trip although short sellers have <a href="https://www.kerrisdalecap.com/investments/virgin-galactic-holdings-inc-spce/">suggested otherwise</a>. They claim the marketing and hype went well ahead of what potential customers could reasonably expect to receive on a Virgin Galactic voyage. </p>



<p>In any case, years after the business has tried to reach commercial stage, things are still <a href="https://www.spectator.co.uk/article/richard-bransons-virgin-galactic-problem/">not up and running</a> to a meaningful degree. The company generated just $6.8 million of revenue in 2023. Analysts actually forecast that top-line number dropping to an even lower figure in 2024 and 2025. </p>



<p>Without any meaningful volume of revenue-paying customers, Virgin Galactic stock seems like it&rsquo;s going to get stuck on the launchpad.</p>



<h2>fuboTV (FUBO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/fubo_fubotv_1600-300x169.png" alt="FuboTV (FUBO) logo on iPhone display"><div>Source: Burdun Iliya / Shutterstock.com</div></div><p><strong>fuboTV</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/fubo-stock-quote/"><strong>FUBO</strong></a>) is a streaming video business centered around live sports content. The idea is that a customer can subscribe to fuboTV and keep up with all their favorite sporting events in one place rather than having to deal with the hassle of various streaming subscription services. </p>



<p>There&rsquo;s no doubt that there&rsquo;s demand for product. Indeed, the company generated more than $1.3 billion of revenue last year, though <a href="https://investorplace.com/2024/02/why-is-fubotv-fubo-stock-plunging-20-today/">competition</a> is a concern. Rather, the big issue is that fuboTV has not found a path to profitability. </p>



<p>The company has to pay high prices for the licensing rights to those sporting events. It&rsquo;s such a problem that fuboTV has historically struggled to even generate a positive gross margin. That is to say fuboTV ends up paying almost as much to the sports events rightsholders as it brings in from subscribers, leaving virtually no profit whatsoever even before accounting for other business expenses.</p>



<p>There had been hopes that fuboTV could try to find other paths to monetization such as a live sports betting application. But these efforts have largely <a href="https://www.theverge.com/2022/10/17/23409995/fubotv-gaming-sports-book-gambling-shut-down">fizzled out</a>. fuboTV still has a nearly half a billion dollar market cap. This seems excessive given the companies large and persistent operating losses and shaky balance sheet.</p>



<h2>Beyond Meat (BYND)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/bynd1600-1-1-300x169.png" alt="Editorial photo on Beyond Meat (BYND) theme. Illustrative photo for news about Beyond Meat - a producer of plant-based meat substitutes. BYND stock"><div>Source: photo_gonzo / Shutterstock.com</div></div><p>Quite a few years ago, <strong>Beyond Meat</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/bynd-stock-quote/"><strong>BYND</strong></a>) was a popular stock with traders. The company was one of the first to market with plant-based protein products. These appeared to be rapidly gaining appeal with health focused consumers. </p>



<p>However, the landscape has dramatically changed over the past few years. Key partnerships with fast food restaurants failed to deliver the anticipated unit growth that Beyond Meat&rsquo;s investors had been banking on. In fact, plant protein products have lost so much steam that some formerly vegan restaurants are putting <a href="https://www.sfgate.com/la/article/vegan-restaurants-adding-meat-los-angeles-18527772.php">animal meat</a> back on the menu.</p>



<p>Meanwhile Beyond Meat&rsquo;s sales at grocery stores have slowed down amid rising competition. There are other plant-based food start-ups and also large package food companies such as <strong>Kellanova&rsquo;s</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/k-stock-quote/"><strong>K</strong></a></span>) <a href="https://www.kellanovaus.com/us/en/brands/incogmeato.html">Incogmeato</a> product line which are pressuring Beyond Meat.</p>



<p>Beyond Meat has struggled to generate positive gross margin on their products. This means it&rsquo;s costing them nearly as much simply to manufacture their plant-based food products as they resell for. After overhead, interest, taxes, and other such expenses Beyond Meat runs massive losses. </p>



<p>The company has a dramatically negative book value which implies that there is very little residual value for shareholders. With revenues slumping, and the company in debt and running large losses, BYND stock seems set to leave its investors with indigestion.</p>



<h2>Oatly (OTLY) </h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/oatly-oat-milk-300x169.jpg" alt="OTLY stock: Image of oat milk on a tray."><div>Source: Katrinshine / Shutterstock.com</div></div><p><strong>Oatly</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/otly-stock-quote/"><strong>OTLY</strong></a></span>) is another alternative food company that finds itself in deep trouble. </p>



<p>The company rose the prominence thanks to its oat milk product which serves as an alternative to cow&rsquo;s milk. </p>



<p>Investors hoped that Oatly&rsquo;s partnerships with cafes and <a href="https://stories.starbucks.com/press/2021/oatly-oatmilk-coming-to-starbucks-nationwide-in-the-us/">coffee shops</a> could help give the brand a boost and drive consumer adoption more broadly. Unfortunately for Oatly, there&rsquo;s little evidence that the company has been able to become a powerful consumer brand. </p>



<p>The truth is that it hasn&rsquo;t been difficult for other producers to make their own <a href="https://www.eatthis.com/best-oat-milk/">versions</a> or store brands of oat milk. Additionally, oat milk as a category hardly has a monopoly on the alternative dairy product space. There&rsquo;s soy milk, rice milk, almond milk, and it seems new types of&nbsp;milk products arise almost every year.</p>



<p>As such, Oatly increasingly looks like a one trick pony whose trick wasn&rsquo;t that compelling. The company lost more than $400 million last year and analysts expect further large losses in 2024 and 2025. Given the company&rsquo;s poor balance sheet, it seems only a matter of time until Oatly runs into a liquidity squeeze. </p>



<h2>Spirit Airlines (SAVE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/in-flight-movie-300x169.jpg" alt="movie playing during flight"><div>Source: Tero Vesalainen / Shutterstock.com</div></div><p><strong>Spirit Airlines</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/save-stock-quote/"><strong>SAVE</strong></a></span>) is a discount airline focused on budget travelers. Instead of operating a traditional hub-and-spoke system, Spirit focuses on having a more specialized route network. It prioritizes routes which appeal to leisure travelers with ultra-low fares. </p>



<p>Last year a rival airline, <strong>JetBlue Airways</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/jblu-stock-quote/"><strong>JBLU</strong></a></span>), announced its intention to acquire Spirit. This caused SAVE shares to rally.</p>



<p>However, the Department of Justice eventually <a href="https://investorplace.com/2024/03/save-stock-plunges-as-jetblue-terminates-deal-is-it-over-for-spirit-airlines/">blocked the merger</a> on antitrust grounds, suggesting consumers would be harmed if the airlines merged. </p>



<p>Unfortunately for Spirit, it finds itself in a weak position as an independent airline. The airline has been losing money, and it currently has significant capacity constraints due to <a href="https://www.flightglobal.com/strategy/spirit-airlines-lowers-q1-capacity-expectations-on-gtf-engine-woes/156857.article">engine defects</a> that grounded a chunk of its fleet. In addition, the surging oil price will cause Spirit problems with jet fuel costs going forward. </p>



<p>Some traders have <a href="https://investorplace.com/2024/01/dave-portnoy-is-making-a-big-bet-on-spirit-airlines-save-stock/">rallied</a> around Spirit Airlines, led by Barstool Sports founder Dave Portnoy. These traders are hoping to turn Spirit into a meme stock.</p>



<p>Given the difficulties of the airline industry and Spirit&rsquo;s poor competitive positioning, however, traders should seek to get off this plane before it runs into further turbulence.</p>



<p><em>On the date of publication, Ian Bezek did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>
<div><p>Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/zombie-stock-apocalypse-7-walking-dead-companies-to-avoid/">Zombie Stock Apocalypse: 7 Walking Dead Companies to Avoid</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Zombie Stock Apocalypse: 7 Walking Dead Companies to Avoid

Caesarstone, Hexcel, Mammoth Energy Services among industrial movers

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>There are some great <a href="https://investorplace.com/industries/industrial/space/">space stocks</a> to buy in April. While investor attention is turned to sectors such as artificial intelligence and renewable energy, the space industry is also presenting some great buys for investors to capitalize on. The commercial space industry has seen significant growth, I think the best is yet to come. This is driven by the rise of private space companies and increased investment in space exploration and development.</p>



<p>The growing demand for satellite-based services, such as Earth observation, communication, and navigation, has also created significant opportunities in the space industry. I think that we&rsquo;ve only just started to see the future diversity present with numerous firms entering the space race.</p>



<p>The good thing about space stocks is that they operate in cyclical, and often diversified industries as well, compassing sectors that range from industrials through to defense, which can act as an inbuilt hedge against the speculative nature of industry.</p>



<p>So here are three space stocks to buy in April for investors.</p>



<h2>Boeing (BA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/12/boeing-737-max-ba-1600-300x169.jpg" alt="image of a Boeing (BA) 737 max aircraft. stocks to buy and sell related to Boeing"><div>Source: Marco Menezes / Shutterstock.com</div></div><p>I&rsquo;ll start by sharing what I think is a potentially unpopular and contrarian pick, <strong>Boeing</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ba-stock-quote/"><strong>BA</strong></a>), which plays a significant role in the aerospace sector, especially with its contributions to NASA&rsquo;s CST-100 Starliner project for the ISS.</p>



<p>It has a fareaching portfolio, including the development and deployment of satellites through its Defense, Space &amp; Security division. It reported revenue of about $25 billion in 2023 for this segment, from its $77 billion in total.</p>



<p>BA trades at new yearly lows,<a href="https://edition.cnn.com/2024/04/10/investing/boeing-safety-problems/index.html"> at $174 at the time of writing</a>. Boeing faces growing scrutiny, with the FAA announcing further investigations amid existing federal probes and upcoming Senate subcommittee hearings.</p>



<p>I think that the saga is far from over, and that bad news will continue to roll in, which will further hammer its stock price. The bull case though is that I feel that it will work through its kinks, and that this is ultimately a flurry of short-term news that presents a contrarian buying opportunity. At present, according to<a href="https://valueinvesting.io/BA/valuation/intrinsic-value"> discount cash flow (DCF) analysis</a>, it trades below its fair value, and once the media frenzy is over and safety concerns have be allayed, airlines will continue its business as usual with BA, thus making it undervalued at the time of writing.</p>



<h2>Virgin Galactic (SPCE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/07/spce-stock-richard-branson-300x169.jpg" alt="A photo of Virgin Galactic founder Richard Branson"><div>Source: Brian Friedman / Shutterstock.com</div></div><p><strong>Virgin Galactic</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/spce-stock-quote/"><strong>SPCE</strong></a>) focuses on space tourism, offering suborbital flights for civilians.&nbsp;</p>



<p>I think<a href="https://investors.virgingalactic.com/news/news-details/2024/Virgin-Galactic-Completes-11th-Successful-Spaceflight/default.aspx"> there&rsquo;s some good reasons</a> to feel bullish about SPCE. This year, it embarked on its 11th mission, known as &lsquo;Galactic 06&rsquo;, which is significant as all four seats aboard VSS Unity were occupied by private astronauts.</p>



<p>SPCE is also developing its next-generation Delta-class ships, aiming to expand flight capacity with testing expected to commence the following year and commercial service projected for 2026.</p>



<p>At around $1.1 per share, SPCE is indeed a speculative gamble on the space industry&rsquo;s prospects, particularly in the space tourism sector. It&rsquo;s a concentrated play that could warrant a small position of an investors&rsquo; portfolio to mitigate risk, but the upside is there for the taking.</p>



<p>Namely, SPCE&rsquo;s EPS is forecasted to progressively increase to FY2028, which is when it&rsquo;s expected to reach breakeven profitability, FY2026 is when its top-line is expected to reach a massive inflection point, growing to 122.73 million.</p>



<p>If one has a positive thesis on the space tourism industry, then SPCE could be a way to capitalize on it due to its low valuation and strong growth prospects.</p>



<h2>EchoStar Corporation (SATS)</h2>



<div><img width="300" height="165" src="https://investorplace.com/wp-content/uploads/2017/02/satsmsn-300x165.jpg" alt="Echostar Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>)"><div>Source: Shutterstock</div></div><p><strong>EchoStar Corporation</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/sats-stock-quote/"><strong>SATS</strong></a>) provides satellite communication solutions, serving both consumer and enterprise clients across the Americas.</p>



<p>I feel that SATS is a much less speculative play than BA or SPCE given its established commercial operations and its<a href="https://ir.echostar.com/news-releases/news-release-details/echostar-corporation-unlocks-incremental-strategic-financial-and"> recent merger</a> with the DISH corporation. However, successfully unlocking value from the assets held by DISH will take some time, but I&rsquo;m firmly convinced that it will be able to find synergies and further improve shareholder equity.</p>



<p>This move is designed to optimize SATS&rsquo;s resource allocation for its goal of becoming a top provider of terrestrial mobile, satellite connectivity, and content services.</p>



<p>Analysts are firmly bullish on SAT&rsquo;s prospects over the next twelve months, with a predicted upside of 63.81%. However, its revenue growth and top-line is expected to be negative for the next few years while it unlocks value from the DISH merger, but significant synergies are expected post FY2026, for both revenue growth and its EPS.</p>



<p><em>On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em> </em>InvestorPlace.com Publishing Guidelines</a>.</p>
<div><p>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/if-you-can-only-buy-one-space-stock-in-april-it-better-be-one-of-these-3-names/">If You Can Only Buy One Space Stock in April, It Better Be One of These 3 Names</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

If You Can Only Buy One Space Stock in April, It Better Be One of These 3 Names

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>How would you like to turn a $100,000 investment into $1 million? </p>



<p>This may become a reality with a <a href="https://investorplace.com/industries/industrial/space/">space stocks</a> bet. Although doing so would require significant growth over the next 10-15 years, they have potential to deliver outsized returns. The question is &ndash; are you a patient, risk-tolerant investor?</p>



<p>Over the past decade, we&rsquo;ve witnessed a transformation in the space economy, driven by rapid leaps in technology and falling launch costs. But of course, investing in space ventures is not without its risks. The industry is highly capital-intensive and subject to technical challenges. Any failed launch or other black swan event can be a catastrophe for the company&rsquo;s stock price. In turn, this can make them volatile and occasionally destructive to an investor&rsquo;s portfolio.</p>



<p>Regardless, many believe in a bright future for space stocks. And investors who get in early with a sizable investment will be rewarded handsomely. So let&rsquo;s examine three space stocks for investors to consider to turn $100,000 into seven figures.</p>



<h2>ViaSat (VSAT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/vsat-stock-300x169.jpg" alt="An image of a phone cropped to display the logo for Viasat, Inc. (VSAT)"><div>Source: rafapress / Shutterstock.com</div></div><p><strong>ViaSat</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/vsat-stock-quote/"><strong>VSAT</strong></a></span>) provides high-speed satellite broadband services.&nbsp;</p>



<p>The investment rationale for buying VSAT shares hinges on the company&rsquo;s recovery prospects following the VS-3 satellite project setback, amid a<a href="https://www.cnbc.com/2023/07/12/viasat-stock-drops-after-satellite-malfunction.html"> satellite malfunction</a>. ViaSat has scheduled new satellite launches for 2024 so recovery from this setback may be possible. New launches are anticipated to significantly enhance its market value.</p>



<p>Additionally, ViaSat has recently secured several strategic agreements. One includes an extended partnership with <strong>Porter Airlines</strong>. And others involve collaborations with the U.K. and Japanese space agencies.</p>



<p>More broadly, analysts understand VSAT&rsquo;s future as accretive. Further, incremental EPS improvements are forecast as well as a huge revenue surge of 68.57% for the business. Thus, it is well-positioned for strong capital appreciation.</p>



<h2>Virgin Galactic (SPCE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/spce-1600-300x169.jpg" alt="spce stock"><div>Source: rafapress / Shutterstock.com</div></div><p><strong>Virgin Galactic</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/spce-stock-quote/"><strong>SPCE</strong></a></span>) focuses on space travel and has a niche for recreational spaceflights.</p>



<p>SPCE is one of those stocks that could mint new millionaires. Recently, it&nbsp; completed its 11th spaceflight, Galactic 06, where private astronauts filled all four seats for the first time. Also, it has a strong pipeline of ships ahead to complement its offering. Its<a href="https://www.virgin.com/about-virgin/latest/virgin-galactic-completes-11th-successful-spaceflight"> delta-class spacecraft</a> is expected to begin testing in 2025 while commercial services are projected to start in 2026.</p>



<p>Financially, SPCE <a href="https://stockanalysis.com/stocks/spce/">reported a revenue of $2.8 million</a> for the fourth quarter of 2023. And total revenue came in at $6.8 million for the fiscal year. The company is looking to expand its market by targeting approximately 300,000 individuals interested in private astronaut space travel. They have strategic plans set for execution to tap into this potential customer base.</p>



<p>SPCE&rsquo;s stock price of just $1.08 at the time of writing and market cap of just $400 million gives it plenty of room to potentially explode in value.</p>



<h2>AST SpaceMobile (ASTS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/asts1600-300x169.png" alt="Mobile global internet communications. World wide web on phone via wireless satellite network technology. Smartphone digital connection at clouds services of all earth. Holographic abstract interface. ASTS stock"><div>Source: Andrey Suslov / Shutterstock.com</div></div><p><strong>AST SpaceMobile</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/asts-stock-quote/"><strong>ASTS</strong></a></span>) concentrates on building the first space-based cellular broadband network.</p>



<p>The company&rsquo;s ambitious plan is great for internet connectivity in general. But its satellites are expected to cover the world&rsquo;s under covered regions which traditional broadband can&rsquo;t reach.</p>



<p>For the fiscal year 2023, <a href="https://stockanalysis.com/stocks/asts/forecast/">no revenue growth is expected</a> for ASTS stock. However, analysts forecast a turnaround in FY2024 with the company reaching breakeven profitability by the end of FY2026.</p>



<p>Moreover, its long-term prospects haven&rsquo;t yet been fully priced into the stock price, as it trades for $2.13 at the time of writing.</p>



<p>Furthermore, progress is evident for ASTS as it advances in closing its fundraising efforts. AST SpaceMobile secured initial orders for ground infrastructure from two customers in anticipation of its planned commercial service.</p>



<p><em>On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>
<div><p>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/3-space-stocks-to-turn-100000-into-1-million-april-2024/">3 Space Stocks to Turn $100,000 Into $1 Million: April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

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<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>These three best <a href="https://investorplace.com/industries/industrial/space/">space stocks</a> to buy don&rsquo;t just provide revolutionary space exploration technology. They also focus on other complementary industries, including the defense space and commercial flights.</p>



<p><strong>Boeing </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/ba-stock-quote/"><strong>BA</strong></a></span>), for example, is known for making planes for commercial flights. However, the company also offers various defense solutions, such as missile defense systems, satellites and more, catering to the needs of governments and militaries globally. Similarly, <strong>Northrop Grumman</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/noc-stock-quote/"><strong>NOC</strong></a></span>) is a defense contractor providing a comprehensive range of aerospace and defense solutions. Finally, <strong>Virgin Galactic</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/spce-stock-quote/"><strong>SPCE</strong></a></span>) is on the cutting edge of the nascent commercial space flight industry.</p>



<p>Importantly, many hedge funds and institutional investors &mdash; including <strong>Millennium Management</strong> and <strong>Fisher Asset Management</strong> &mdash; have significant positions in these companies. Here&rsquo;s why investors should consider a stake in these best space stocks to buy, too.</p>



<h2><strong>Best Space Stocks to Buy: Boeing (BA)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/02/shutterstock_1212299986-300x169.jpg" alt="BA stock: a blue and white Boeing 787 flying in the sky above the clouds"><div>Source: vaalaa / Shutterstock</div></div><p>Right now, Boeing stock trades at around $168 per share, marking its new 52-week low. However, that also means that BA stock has room to grow once the <a href="https://www.nytimes.com/2024/03/11/us/politics/faa-audit-boeing-737-max.html">recent bad press</a> subsides.&nbsp;</p>



<p>In particular, BA is currently one of the best space stocks to buy because it has teamed up with NASA to develop the <a href="https://blogs.nasa.gov/commercialcrew/tag/cst-100-starliner/">CST-100 Starliner</a> to transport astronauts to the International Space Station (<span>ISS</span>).&nbsp;The Starliner utilizes <strong>United Launch Alliance&rsquo;s</strong> Atlas V rockets for launch. Since it is meant to be reusable for multiple missions, this will help reduce costs by allowing the spacecraft to be refurbished and launched again.</p>



<p>Boeing has a current ratio of 1.14, meaning it has &ldquo;good short-term financial strength,&rdquo; per Gurufocus. Meanwhile, its price-to-sales (P/S) ratio is 1.43. Because its P/S ratio is lower than the industry average of around 2x, BA stock could be undervalued.</p>



<p>Dozens of hedge funds and institutional investors <a href="https://finance.yahoo.com/quote/BA/holders">see promise</a> in this company, despite the recent chaos. One <a href="https://www.insidermonkey.com/hedge-fund/fisher+asset+management/11/">big stakeholder</a> is Ken Fisher&rsquo;s Fisher Asset Management, while <strong>Vanguard</strong> and <strong>BlackRock</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/blk-stock-quote/"><strong>BLK</strong></a></span>) hold some of the largest positions in Boeing.</p>



<h2><strong>Virgin Galactic (SPCE)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/spce-1600-300x169.jpg" alt="spce stock"><div>Source: rafapress / Shutterstock.com</div></div><p>Virgin Galactic is another one of the best space stocks to buy and now trades at under $1 per share. Its <a href="https://www.gurufocus.com/stock/SPCE/summary">current ratio is 5.12</a>, indicating a strong liquidity position with current assets exceeding current liabilities by a significant margin.</p>



<p>Virgin Galactic is known for offering commercial space flights for the general public at a hefty price tag of $450,000 per ticket. Right now, though, the space tourism company is working on its new spacecraft, called the Delta class, which is set to launch in 2026.</p>



<p>To prepare for this, Virgin is cutting costs and aiming to make its space tourism business profitable. This upcoming spacecraft is set to be a game changer for space exploration, meaning investors should keep a close eye on the firm and SPCE stock.</p>



<p>Top institutional investors like <strong>State Street</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/stt-stock-quote/"><strong>STT</strong></a></span>), Vanguard and Millennium Management <a href="https://finance.yahoo.com/quote/SPCE/holders">hold large stakes</a> in SPCE stock. While shares may be volatile in the near future, things still appear promising in the long run due to Virgin&rsquo;s institutional investments, 8.42% insider ownership and Delta class plans.</p>



<h2><strong>Northrop Grumman (NOC)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/northrop-grumman_noc_rq4_1600-300x169.png" alt="United States Air Force Northrop Grumman (NOC) RQ-4B Global Hawk unmanned surveillance aircraft."><div>Source: viper-zero / Shutterstock.com</div></div><p>Northrop Grumman isn&rsquo;t just one of the best space stocks to buy &mdash; it&rsquo;s also an important player in the defense contractor space. As global tensions heat up, the firm&rsquo;s products and services stand to be in high demand.</p>



<p>As far as the space industry goes, Northrop has also made important strides. For example, the firm was previously awarded contracts to develop the OmegA rocket program. More recently, Northrop was involved in a <strong>SpaceX </strong><a href="https://www.cbsnews.com/news/spacex-launches-northrop-grumman-cargo-ship-to-space-station/">launch</a> this past January.</p>



<p>All told, Northrup is a profitable and stable company. Its revenue has grown from $35.66 billion in 2021 to $39.2 billion in 2023. Northrop also currently boasts a healthy profit margin of about 5%.</p>



<p>Trading at around $450 per share as of this writing, NOC stock is somewhat near its 52-week high of $496.89. Various hedge funds and <a href="https://finance.yahoo.com/quote/NOC/holders">institutional investors</a> have stakes in the company, <a href="https://www.insidermonkey.com/hedge-fund/yacktman+asset+management/434/">including</a> <strong>Yacktman Asset Management</strong>.</p>



<p><em>On the date of publication, Dalton Brewster did not hold (either directly or indirectly) and positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://url.us.m.mimecastprotect.com/s/ELRfCJ6AWWTKqolBfGGt2P?domain=streaklinks.com" target="_blank">Publishing Guidelines</a>.</em></p>
<div><p>Dalton Brewster is a freelance financial copywriter who has worked with leading financial companies over the last several years. He loves helping people learn about personal finance, investing, and making complex subjects simple. When he&rsquo;s not working, you can find him surfing, traveling, or even playing chess!</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/the-trillion-dollar-space-race-3-of-the-best-space-stocks-to-buy-leading-the-charge/">The Trillion-Dollar Space Race: 3 of the Best Space Stocks to Buy Leading the Charge</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

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AVGO

BITF