FY2025 EPS Estimate for Virgin Galactic Increased by Analyst

Virgin Galactic Holdings, Inc. (NYSE:SPCE - Free Report) - Investment analysts at KeyCorp boosted their FY2025 earnings estimates for shares of Virgin Galactic in a research note issued to investors on Tuesday, April 22nd. KeyCorp analyst M. Leshock now anticipates that the company will post earnings per share of ($8.81) for the year, up from their previous forecast of ($10.56). The consensus estimate for Virgin Galactic's current full-year earnings is ($16.05) per share.

A number of other brokerages have also recently commented on SPCE. The Goldman Sachs Group dropped their price objective on shares of Virgin Galactic from $41.00 to $36.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. Susquehanna dropped their price objective on shares of Virgin Galactic from $4.00 to $3.25 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Virgin Galactic currently has an average rating of "Hold" and an average target price of $19.85.

Virgin Galactic Stock Performance

SPCE traded down $0.05 during trading on Friday, reaching $2.92. 702,000 shares of the company's stock were exchanged, compared to its average volume of 1,853,993. The stock has a market capitalization of $103.74 million, a P/E ratio of -0.17 and a beta of 2.11. Virgin Galactic has a 1 year low of $2.18 and a 1 year high of $28.20. The company's fifty day simple moving average is $3.17 and its 200-day simple moving average is $5.07. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.52 and a quick ratio of 4.52.

Institutional Investors Weigh In On Virgin Galactic

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPCE. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Virgin Galactic during the first quarter worth $32,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Virgin Galactic by 97.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,943 shares of the company's stock worth $47,000 after buying an additional 3,916 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Virgin Galactic during the 3rd quarter valued at about $70,000. Summit Securities Group LLC purchased a new stake in shares of Virgin Galactic in the fourth quarter valued at about $71,000. Finally, Corebridge Financial Inc. raised its stake in Virgin Galactic by 28.8% during the fourth quarter. Corebridge Financial Inc. now owns 13,172 shares of the company's stock worth $77,000 after purchasing an additional 2,942 shares during the period. Hedge funds and other institutional investors own 46.62% of the company's stock.

Virgin Galactic Company Profile

Virgin Galactic Holdings, Inc, an aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies. The company engages in the design and development, manufacturing, ground and flight testing, spaceflight operation, and post-flight maintenance of spaceflight systems for private individuals, researchers, and government agencies.