03:25 PM EDT, 06/17/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target price by $9.50 to $10 to reflect a 1-for-20 reverse stock split. We move our 2024 loss per share (LPS) estimate to -$18.60 from a LPS of -$0.93 and move 2025's to a LPS of -$14.60 from a LPS of -$0.73. On June 9, SPCE completed the final commercial flight of the VSS Unity with four customers. We now have to wait at least two years for the rollout of its next-generation Delta class ships. We are worried there will be delays and that SPCE will run out of cash in the meantime, requiring new debt or another stock issue.