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NYSE:SPCE

Virgin Galactic (SPCE) Stock Price, News & Analysis

Virgin Galactic logo
$6.21 +0.09 (+1.47%)
(As of 12/24/2024 05:19 PM ET)

About Virgin Galactic Stock (NYSE:SPCE)

Key Stats

Today's Range
$5.94
$6.22
50-Day Range
$5.98
$7.74
52-Week Range
$5.26
$54.60
Volume
595,958 shs
Average Volume
1.42 million shs
Market Capitalization
$179.31 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$25.50
Consensus Rating
Reduce

Company Overview

Virgin Galactic Holdings, Inc. is a trailblazing aerospace company aiming to revolutionize space travel. Founded by Sir Richard Branson, Virgin Galactic's mission is to make space accessible commercially, offering customers an extraordinary spaceflight experience. With its innovative technologies and ambitious vision, Virgin Galactic is at the forefront of developing advanced spacecraft and services for space tourism and research. 

Virgin Galactic is headquartered in Tustin, California, and operates globally. The company specializes in designing, manufacturing, and operating human spaceflight vehicles. Its flagship spacecraft, VSS Unity, is a suborbital spaceplane designed to carry passengers and scientific payloads. With a focus on safety, performance, and customer experience, Virgin Galactic aims to provide unparalleled access to space for individuals and researchers alike.

Virgin Galactic's primary product is its space tourism experience, where customers can reserve a seat for a suborbital flight on board the VSS Unity spacecraft. The journey offers a unique perspective of the Earth and the opportunity to experience weightlessness. As the demand for space tourism grows, Virgin Galactic aims to expand its fleet and increase the frequency of flights.

Additionally, Virgin Galactic collaborates with research institutions, governments, and commercial partners to conduct scientific experiments and collect data during its spaceflights. The company's research services open doors to various scientific disciplines, including astronomy, biology, and climate science.

Virgin Galactic primarily targets affluent individuals seeking a transformative and once-in-a-lifetime experience. The company's space tourism services cater to adventure enthusiasts, space enthusiasts, and those passionate about pushing the boundaries of exploration. Moreover, Virgin Galactic's research services attract scientific institutions, universities, and organizations looking to conduct experiments in a microgravity environment.

Virgin Galactic boasts an experienced management team led by Chief Executive Officer and President Mr. Michael A. Colglazier. With his extensive background in the hospitality and leisure industry, Mr. Colglazier brings a customer-centric focus to the company's operations. 

Virgin Galactic's financial performance has been influenced by its growth trajectory and the developing nature of the space tourism industry. It is important to note that Virgin Galactic is still in the early stages of commercial operations, and revenue growth is expected to accelerate in the coming years as space tourism gains traction. However, the company's annual sales numbers remain low compared to its peers. 

Substantial research and development investments and pre-operating costs associated with spacecraft development and testing have impacted key financial metrics, such as earnings and profit margins. As the company progresses towards regular commercial operations, improved economies of scale and increasing customer demand are expected to drive profitability.

Valuing a company like Virgin Galactic can be challenging due to the absence of established industry benchmarks and the dynamic nature of the space tourism sector. Virgin Galactic's stock performance has captured the attention of investors and space enthusiasts alike. Significant price movements and changes in trading volume have been observed in response to key announcements, test flights, and regulatory developments. Investor sentiment can fluctuate based on news related to operational milestones, new partnerships, and market trends.

The space tourism industry is an emerging sector with tremendous potential. Virgin Galactic operates in a competitive landscape, including established aerospace companies and ambitious startups. Key competitors include Blue Origin, SpaceX, and Boeing, each with their unique approaches and objectives in the commercial space sector. Regulatory and political factors, such as licensing requirements and government support, significantly shape the industry's growth and competitiveness.

Virgin Galactic's competitive advantage lies in its first-mover advantage, focus on customer experience, and commitment to safety. The company's pioneering efforts in space tourism have positioned it as a leader in the industry, attracting attention and interest from both customers and investors.

Like any pioneering industry, Virgin Galactic faces several risks and challenges. Market competition, technological advancements, and regulatory frameworks can impact the company's growth trajectory. Moreover, customer demand for space tourism may be influenced by economic conditions and consumer preferences, making it crucial for Virgin Galactic to adapt and innovate continuously.

The company's risk management strategies, ongoing investments in research and development, and commitment to safety and customer experience help mitigate these risks. Furthermore, collaborations with government agencies and strategic partnerships with established aerospace companies provide Virgin Galactic with valuable resources and expertise.

Virgin Galactic Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
38th Percentile Overall Score

SPCE MarketRank™: 

Virgin Galactic scored higher than 38% of companies evaluated by MarketBeat, and ranked 40th out of 54 stocks in the aerospace sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Virgin Galactic has received a consensus rating of Reduce. The company's average rating score is 1.83, and is based on 1 buy rating, 3 hold ratings, and 2 sell ratings.

  • Amount of Analyst Coverage

    Virgin Galactic has only been the subject of 1 research reports in the past 90 days.

  • Read more about Virgin Galactic's stock forecast and price target.
  • Earnings Growth

    Earnings for Virgin Galactic are expected to grow in the coming year, from ($16.05) to ($10.01) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Virgin Galactic is -0.36, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Virgin Galactic is -0.36, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Virgin Galactic has a P/B Ratio of 0.25. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    25.29% of the float of Virgin Galactic has been sold short.
  • Short Interest Ratio / Days to Cover

    Virgin Galactic has a short interest ratio ("days to cover") of 4.1.
  • Change versus previous month

    Short interest in Virgin Galactic has recently decreased by 4.46%, indicating that investor sentiment is improving.
  • Dividend Yield

    Virgin Galactic does not currently pay a dividend.

  • Dividend Growth

    Virgin Galactic does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    25.29% of the float of Virgin Galactic has been sold short.
  • Short Interest Ratio / Days to Cover

    Virgin Galactic has a short interest ratio ("days to cover") of 4.1.
  • Change versus previous month

    Short interest in Virgin Galactic has recently decreased by 4.46%, indicating that investor sentiment is improving.
  • News Sentiment

    Virgin Galactic has a news sentiment score of 0.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Aerospace companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for Virgin Galactic this week, compared to 8 articles on an average week.
  • Search Interest

    13 people have searched for SPCE on MarketBeat in the last 30 days. This is an increase of 63% compared to the previous 30 days.
  • MarketBeat Follows

    6 people have added Virgin Galactic to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Virgin Galactic insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.42% of the stock of Virgin Galactic is held by insiders.

  • Percentage Held by Institutions

    46.62% of the stock of Virgin Galactic is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Virgin Galactic's insider trading history.
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SPCE Stock News Headlines

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SPCE Stock Analysis - Frequently Asked Questions

Virgin Galactic's stock was trading at $49.00 at the start of the year. Since then, SPCE stock has decreased by 87.3% and is now trading at $6.21.
View the best growth stocks for 2024 here
.

Virgin Galactic Holdings, Inc. (NYSE:SPCE) released its quarterly earnings data on Wednesday, November, 6th. The company reported ($2.66) earnings per share for the quarter, beating analysts' consensus estimates of ($4.10) by $1.44. The business earned $0.40 million during the quarter, compared to analysts' expectations of $0.47 million. Virgin Galactic had a negative trailing twelve-month return on equity of 88.09% and a negative net margin of 3,975.27%.

Virgin Galactic's stock reverse split on Monday, June 17th 2024. The 1-20 reverse split was announced on Wednesday, June 12th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Friday, June 14th 2024. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

Virgin Galactic's top institutional investors include Wolverine Asset Management LLC, Portman Square Capital LLP, State Street Corp (1.82%) and Geode Capital Management LLC (1.78%).
View institutional ownership trends
.

Shares of SPCE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Virgin Galactic investors own include Zomedica (ZOM), Jumia Technologies (JMIA), Nano Dimension (NNDM), NIO (NIO), AST SpaceMobile (ASTS), Bakkt (BKKT) and Phunware (PHUN).

Company Calendar

Last Earnings
11/06/2024
Today
12/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Aerospace
Industry
Transportation services
Sub-Industry
Transportation
Fax
N/A
Employees
800
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$25.50
High Stock Price Target
$47.00
Low Stock Price Target
$5.00
Potential Upside/Downside
+310.6%
Consensus Rating
Reduce
Rating Score (0-4)
1.83
Research Coverage
6 Analysts

Profitability

Net Income
$-502,340,000.00
Net Margins
-3,975.27%
Pretax Margin
-3,970.41%

Debt

Sales & Book Value

Annual Sales
$9.42 million
Book Value
$25.28 per share

Miscellaneous

Free Float
28,754,000
Market Cap
$179.31 million
Optionable
Optionable
Beta
1.75

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This page (NYSE:SPCE) was last updated on 12/25/2024 by MarketBeat.com Staff
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