Shares of Virgin Galactic Holdings, Inc. (NYSE:SPCE – Get Free Report) have been given an average rating of “Hold” by the five research firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $3.4333.
Several analysts have weighed in on the company. Wall Street Zen upgraded Virgin Galactic from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Jefferies Financial Group upgraded Virgin Galactic to a “strong-buy” rating in a research note on Wednesday, June 10th. Weiss Ratings downgraded Virgin Galactic from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, June 15th. Finally, Susquehanna upped their target price on Virgin Galactic from $2.50 to $3.00 and gave the company a “neutral” rating in a research report on Friday, April 10th.
Check Out Our Latest Research Report on Virgin Galactic
Insider Transactions at Virgin Galactic
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new position in Virgin Galactic during the fourth quarter valued at $34,000. Vista Investment Partners LLC acquired a new stake in Virgin Galactic during the 2nd quarter worth about $31,000. PharVision Advisers LLC acquired a new stake in Virgin Galactic during the 3rd quarter worth about $43,000. CTC Alternative Strategies Ltd. purchased a new position in shares of Virgin Galactic during the 1st quarter valued at about $27,000. Finally, Pitcairn Co. acquired a new position in shares of Virgin Galactic in the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 46.62% of the company’s stock.
Virgin Galactic Stock Performance
Shares of NYSE:SPCE traded down $0.06 on Friday, hitting $2.56. 8,366,092 shares of the company were exchanged, compared to its average volume of 25,351,476. The firm has a market capitalization of $258.25 million, a P/E ratio of -0.59 and a beta of 2.74. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.91. Virgin Galactic has a 1-year low of $2.13 and a 1-year high of $8.90. The stock’s 50 day moving average price is $3.40 and its 200 day moving average price is $3.00.
Virgin Galactic (NYSE:SPCE – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported ($0.81) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.86) by $0.05. The firm had revenue of $0.23 million for the quarter, compared to the consensus estimate of $0.20 million. Virgin Galactic had a negative return on equity of 103.89% and a negative net margin of 19,781.30%. Sell-side analysts predict that Virgin Galactic will post -2.59 EPS for the current year.
Virgin Galactic Company Profile
Virgin Galactic Holdings, Inc (NYSE: SPCE) is a commercial spaceflight company developing and operating spacecraft for private individuals and research customers. The firm’s primary business is suborbital human spaceflight, offering passengers a brief trip to the edge of space aboard its reusable spaceplane. In parallel, the company is building out infrastructure and support services for suborbital payload deployments and microgravity research missions.
The core flight system consists of a carrier aircraft, WhiteKnightTwo, which lifts the spaceplane SpaceShipTwo to high altitude before release.
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