Virgin Galactic (SPCE) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Virgin Galactic in the last year. There are currently 4 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SPCE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPCE, but not buy additional shares or sell existing shares.
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8 Wall Street research analysts have issued 1-year price targets for Virgin Galactic's stock. Their SPCE share price forecasts range from $3.00 to $11.00. On average, they anticipate the company's stock price to reach $5.08 in the next year. This suggests a possible upside of 39.3% from the stock's current price.
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Virgin Galactic's stock was trading at $3.48 at the beginning of 2023. Since then, SPCE stock has increased by 4.9% and is now trading at $3.65.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our SPCE earnings forecast.

Virgin Galactic Holdings, Inc. (NYSE:SPCE) released its quarterly earnings data on Tuesday, May, 9th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.50) by $0.07. The firm had revenue of $0.39 million for the quarter, compared to analyst estimates of $1.32 million. Virgin Galactic had a negative trailing twelve-month return on equity of 107.33% and a negative net margin of 23,751.78%. The company's quarterly revenue was up 296.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.36) EPS.

ETFs with the largest weight of Virgin Galactic (NYSE:SPCE) stock in their portfolio include Procure Space ETF (UFO), SPDR S&P Aerospace & Defense ETF (XAR), SPDR S&P Kensho Final Frontiers ETF (ROKT), Direxion Moonshot Innovators ETF (MOON), First Trust Indxx Aerospace & Defense ETF (MISL), Direxion Daily Travel & Vacation Bull 2X Shares (OOTO), iShares U.S. Aerospace & Defense ETF (ITA) and SoFi Social 50 ETF (SFYF).

Virgin Galactic trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPCE."

Virgin Galactic's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.40%), State Street Corp (6.47%), Geode Capital Management LLC (1.66%), Portman Square Capital LLP (0.00%), Wolverine Asset Management LLC (0.00%) and SG Americas Securities LLC (0.61%). Insiders that own company stock include 10 Ltd Vieco, Chamath Palihapitiya, Craig S Kreeger, James Ryans, Jonathan Joseph Campagna and Virgin Investments Ltd.
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Shares of SPCE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SPCE stock can currently be purchased for approximately $3.65.

Virgin Galactic (NYSE:SPCE) has a market capitalization of $1.03 billion and generates $2.31 million in revenue each year. The company earns $-500,150,000.00 in net income (profit) each year or ($2.10) on an earnings per share basis.

The company employs 1,166 workers across the globe.

Virgin Galactic's mailing address is 166 North Roadrunner Parkway Suite 1C, Las Cruces NM, 88011. The official website for the company is www.virgingalactic.com. The company can be reached via phone at 949-774-7640 or via email at virgingalactic-svc@sardverb.com.