virgin galactic stock

Why Virgin Galactic Stock Is Under Pressure Today The Motley Fool

Bank of America reduced their target price on Virgin Galactic from $7.00 to $5.00 and set an “underperform” rating on the stock in a report on Thursday, August 18th. Finally, Sanford C. Bernstein cut Virgin Galactic from a “market perform” rating to an “underperform” rating and set a $4.00 target price on the stock.

virgin galactic stock

However, in late September, it received approval from the FAA to resume flights following an inquiry by the administration. Hopefully, Virgin Galactic can shore up its finances without excessively resorting to equity sales. Most importantly, the company will definitely want to maintain a consistent flight schedule. Otherwise, more downgrades and harsh words could be imminent for Virgin Galactic. Notably, Branson has steadily sold pieces of his stake in Virgin Galactic since the company went public.


The more research that they do, the more capable they will become of making the most suitable choice in this regard for their particular preferences. It is difficult to say whether Virgin Galactic will make a good long-term investment or not. Instead, it might be more useful spce for people to figure out what makes a stock a good choice for a long-term investment before trying to see whether Virgin Galactic fits that or not. For starters, people should have a good idea of how a company makes money before they buy its stock for the long run.

virgin galactic stock

It might even be claimed that the company launched the private space flight trend of the 2020s. In part, Virgin DotBig Galactic is the victim of the market’s turn away from space stocks and other, more speculative, sectors.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, DotBig the stock moved $0.340 between high and low, or 8.27%. For the last week, the stock has had daily average volatility of 6.00%.

SPCE Company Calendar

On top of that, there is no real guarantee that the Virgin Galactic will start making a profit anytime soon, meaning that it could very well seek out further sources of funding in the near future. Something that could dilute an investor’s stake in the company through their shares. Virgin Galactic Holdings, Inc. is an aerospace and space travel company. The Company is offering access to space for private individuals, researchers, and government agencies. Wolfe Research began coverage on Virgin Galactic in a report on Monday, October 10th. They issued an “underperform” rating and a $4.00 price target on the stock. Truist Financial cut Virgin Galactic from a “hold” rating to a “sell” rating and reduced their target price for the stock from $8.00 to $5.00 in a report on Friday, August 5th.

During her time at NASA she flew in space on the STS-112 shuttle mission in 2002, and on the final shuttle flight, STS-135, in 2011. In addition, she flew to the International Space Station on STS-126 in November 2008, served as flight engineer and science officer on Expedition 18, and returned home on STS-119 after four and a half months on board. George is a licensed private pilot and certified parabolic flight coach. Watch how Virgin Galactic is defining the next generation of space travel. DotBig I remain highly bullish on Virgin Galactic and will continue to accumulate shares as the company’s share price remains at these levels. Current projections, which as I discussed earlier – remain conservative, call for the company to grow sales at a 20% to 50% clip from 2025 through 2030. But based on these expectations, the company will be trading at a price to sales ratio of about 1x, which is severely undervalued relative to other industries which are expected to grow that fast.

  • Staying with the analyst view, there is a consensus estimate of $1.57 million for the company’s annual revenue in 2022.
  • In recent times, people might have seen Virgin Galactic’s name come up in the news.
  • Gone are the days when the spaceflight industry was considered the exclusive sphere of state space agencies.
  • If you’ve already purchased stock in Virgin Galactic, and the current share price is below your purchase price, the best strategy, for now, is to hold and wait to see what happens.

Meanwhile, the vehicle is preparing for re-entry into the Earth’s atmosphere, where it utilizes our spaceflight system’s greatest innovation – feather technology. In space, the spaceship folds in half, with the wings moving upward as our pilots put the vehicle into an elegant backflip virgin galactic stock that points the windows straight back toward Earth, offering our astronauts astounding and unobstructed views. Experience weightlessness, breathtaking views of Earth, and a life-changing transformation through our unique and innovative spaceflight system, all in unparalleled comfort.

Virgin Galactic Trading Down 2.8 %

The space industry isn’t exactly what anyone would call a well-established industry, meaning that there just aren’t a lot of sources of good information that can be used to inform such guesses. Thanks to this, the prospects of Virgin Galactic are murky because it is venturing out into the unknown in a very real sense. He cut his rating to underperform, after being at market perform since he started covering the stock in April 2021. Harned lowered his stock price target to $4 from $7, virgin galactic stock with the new target implying about 36% downside from Thursday’s closing price of $6.28. The average estimate suggests sales growth for the quarter will likely fall by -84.20% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $1.57 million for the company’s annual revenue in 2022. Per this projection, the revenue is forecast to grow -52.30% below that which the company brought in 2022.

Analyst Price Targets’ SPCE price prediction

They say it and you believe it and later on they will say why did you listen to me when you sell all your shares and SPCE repeats to way above $50. Richard Branson has never failed at business venture…there’s a first time for everything. On the other hand, Blue Origin, the company’s main competitor, suffered a booster rocket error just about a month ago, as well as other companies like virgin galactic stock SpaceX experiencing major and minor malfunctions. While in the grand scheme of things, these tests have been far more safe than getting into your own automobile, the perception of safety is critical for the long-term success of these companies. This has driven the company to take in more orders than competitors like Jeff Bezos’s Blue Origin and others, since their price point is lower.

Is Virgin Galactic Stock a Solid Long Term Investment?

Every day, get fresh ideas on how to save and make money and achieve your financial goals. David Moadel has provided compelling content – and crossed the occasional line – on behalf of Motley Fool, Crush the Street, Market Realist, TalkMarkets, TipRanks, Benzinga, and He also serves as the chief analyst and market researcher for Portfolio Wealth Global and hosts the popular financial YouTube channel Looking at the Markets. Driving these points home, Harned added Virgin Galactic has needed “much more work … on the mothership and early spaceships,” and has required more cash.

One share of SPCE stock can currently be purchased for approximately $4.45. The P/E ratio of Virgin Galactic is -3.13, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. 39 people have added Virgin Galactic to their MarketBeat watchlist in the last 30 days. This is an increase of 56% compared to the previous 30 days. 54 people have searched for SPCE on MarketBeat in the last 30 days. This is an increase of 15% compared to the previous 30 days.

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