The average SPCE price target is $5.40, implying 5.88% upside potential. Analyst price targets range from a low of $3 per share to a high of $11 per share. Current records show that the company has 263.91M in outstanding shares. The insiders’ percentage https://dotbig.com/ holdings are 0.70% of outstanding shares while the percentage share held by institutions stands at 37.00%. The stats also highlight that short interest as of Oct 13, 2022, stood at 46.28 million shares, which puts the short ratio at the time at 8.35.
Nikola’s stock looks like a company heading toward delisting and bankruptcy. Its balance sheet is a mess, with an F score of 2 and a Z score of negative 2.77%. Owning this https://dotbig.com/markets/stocks/SPCE/ stock is the equivalent of putting a raging grease fire on your mantelpiece. Virgin Galactic has an F score of 2, a negative Z score, and a P/S ratio of over 769 times.
Virgin Galactic stock falls after Bernstein turns bearish, citing pattern of disappointment
Supplying the electric vehicle boom and potentially driving its stock price off the charts. But this is just one of the opportunities we have researched in our free report. The other four companies have just as much potential. Gone are the days when the spaceflight industry spce stock was considered the exclusive sphere of state space agencies. Nowadays, seeing commercial companies like Virgin Galactic in this industry is no longer that surprising. In this article, we’ll review Virgin Galactic and discuss the futureprice of Virgin Galactic’s stock .
- SPCE receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
- The stock’s price range for the 52-week period managed to maintain the performance between $4.11 and $15.20.
- The prediction gets even better in 2027 as they forecast that the price will trade as high as $72.67, higher than its current all-time high.
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Considering, the past performance of Virgin Galactic Holdings Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -69.28%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -34.24%, alongside a downfall of -71.26% for the period of the last 12 months. The shares increased approximately by -11.61% in the 7-day charts and went up by -23.32% in the period of the last 30 days. Common stock shares were lifted by -22.31% during last recorded quarter. Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status.
Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Get the latest trading and investing recommendations straight to your inbox. Imagine if you could own a stock with the insane and improbable moonshot of Virgin Galactic combined with the financial instability spce stock of Nikola. It took exactly 38 seconds to find the three rock-bottom worst publicly traded companies out there. This info isn’t a recommendation for what you should personally do, so please don’t take the data as investment advice. Explore other stocks like SPCE in these curated Themes.
It’s tough to imagine even the upper-class paying $450,000 in flight tickets during a financial crisis. Therefore, expect a significant slowdown in demand for the firm. Cash burn in the quarter totaled $107 million, twice the amount it burned in the same quarter last DotBig year. Furthermore, Virgin Galactic CFO, Douglas Ahrens, states its cash burn will rise to $120 million or more in the upcoming quarter. Courtney Carlsen has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends AeroVironment.
Earnings and Valuation
The company has wasted millions of dollars on flawed prototypes, and its current crop of engineers is woefully incompetent. As a result, Virgin Galactic is nowhere close to achieving its goals, and it is unlikely that it ever will be.
Meme Stocks to Sell Before They Die
Virgin Galactic has received a consensus rating of Sell. The company’s average rating score is 1.40, and is based on no buy ratings, 4 hold ratings, and 6 sell ratings. There’s a lot to DotBig be optimistic about in the Technology sector as 2 analysts just weighed in on Virgin Galactic Holdings (SPCE – Research Report) and Boeing (BA – Research Report) with bullish sentiments.
The company serves private individuals, researchers, and government agencies. Virgin Galactic Holdings, Inc. was founded in 2017 is https://dotbig.com/markets/stocks/SPCE/ headquartered in Las Cruces, New Mexico. Virgin Galactic Holdings, Inc. was a former subsidiary of Virgin Orbit Holdings, Inc.
Virgin Galactic has been promising space tourism for over seven years but has yet to deliver on its promises. An incompetent team is leading the company with a horrible track record of delays. Moreover, it’s been burning through cash at an alarming pace and will have to raise financing soon in a recession. Though its space tourism idea isn’t bad, we believe that the company is not in a great position to succeed in what DotBig is shaping up to be a highly competitive industry. Its products integrate real-time positioning technology, including global positioning systems and global navigation satellite systems, which are crucial to space exploration. Electron is its small launch vehicle, and since its first launch in 2017, it has flown 27 missions for government and commercial customers, during which it put a total of 150 spacecraft into orbit.