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NYSE:SPCE

Virgin Galactic (SPCE) Stock Forecast, Price & News

$1.78
-0.04 (-1.93%)
(As of 11:51 AM ET)
Compare
Today's Range
$1.76
$1.88
50-Day Range
$1.81
$4.28
52-Week Range
$1.76
$6.61
Volume
4.15 million shs
Average Volume
15.59 million shs
Market Capitalization
$651.67 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.21

Virgin Galactic MarketRank™ Forecast

Analyst Rating
Reduce
1.83 Rating Score
Upside/​Downside
192.9% Upside
$5.21 Price Target
Short Interest
Bearish
17.24% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.41mentions of Virgin Galactic in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.86) to ($1.41) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.54 out of 5 stars

Aerospace Sector

35th out of 40 stocks

Transportation Services Industry

16th out of 17 stocks


SPCE stock logo

About Virgin Galactic (NYSE:SPCE) Stock

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.

SPCE Price History

SPCE Stock News Headlines

The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
NEXT: Colonizing the moon
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
3 Predictions for Virgin Galactic Stock
Why Is Penny Stock Virgin Galactic (NYSE:SPCE) Trending Lower?
Why Virgin Galactic Stock Finally Stopped Sliding Today
Why Virgin Galactic Stock Continued Its Descent Today
3 Red Flags for Virgin Galactic
See More Headlines
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SPCE Company Calendar

Last Earnings
8/01/2023
Today
9/22/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Transportation services
Sub-Industry
N/A
Sector
Aerospace
Fax
N/A
Employees
1,166
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$5.21
High Stock Price Forecast
$11.00
Low Stock Price Forecast
$3.00
Forecasted Upside/Downside
+188.1%
Consensus Rating
Reduce
Rating Score (0-4)
1.83
Research Coverage
6 Analysts

Profitability

Net Income
$-500,150,000.00
Net Margins
-15,135.24%
Pretax Margin
-15,116.98%

Debt

Sales & Book Value

Annual Sales
$2.31 million
Book Value
$1.75 per share

Miscellaneous

Free Float
363,098,000
Market Cap
$664.52 million
Optionable
Optionable
Beta
1.18
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Key Executives

  • Mr. Michael A. ColglazierMr. Michael A. Colglazier (Age 56)
    CEO, Pres & Director
    Comp: $1.96M
  • Mr. Douglas T. AhrensMr. Douglas T. Ahrens (Age 56)
    Exec. VP, CFO & Treasurer
    Comp: $1.05M
  • Mr. Alistair Burns (Age 50)
    Sr. VP & Chief Information Officer
    Comp: $508.22k
  • Ms. Sarah E. Kim (Age 45)
    Exec. VP, Chief Legal Officer & Corp. Sec.
    Comp: $174.46k
  • Ms. Aparna Chitale (Age 46)
    Chief People Officer & Exec. VP
    Comp: $706.06k
  • Mr. Michael Patrick Moses (Age 54)
    Pres of Spaceline Missions & Safety
    Comp: $804.19k
  • Sir Richard Charles Nicholas Branson (Age 73)
    Founder
  • Mr. Eric Cerny
    VP of Investor Relations
  • Aleanna Crane
    VP of Communications
  • Mr. David Mackay
    Chief Pilot













SPCE Stock - Frequently Asked Questions

Should I buy or sell Virgin Galactic stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Virgin Galactic in the last twelve months. There are currently 1 sell rating and 5 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" SPCE shares.
View SPCE analyst ratings
or view top-rated stocks.

What is Virgin Galactic's stock price forecast for 2023?

6 analysts have issued 12-month price targets for Virgin Galactic's shares. Their SPCE share price forecasts range from $3.00 to $11.00. On average, they anticipate the company's share price to reach $5.21 in the next twelve months. This suggests a possible upside of 188.1% from the stock's current price.
View analysts price targets for SPCE
or view top-rated stocks among Wall Street analysts.

How have SPCE shares performed in 2023?

Virgin Galactic's stock was trading at $3.48 at the beginning of the year. Since then, SPCE shares have decreased by 48.0% and is now trading at $1.81.
View the best growth stocks for 2023 here
.

When is Virgin Galactic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our SPCE earnings forecast
.

How were Virgin Galactic's earnings last quarter?

Virgin Galactic Holdings, Inc. (NYSE:SPCE) announced its earnings results on Tuesday, August, 1st. The company reported ($0.46) earnings per share for the quarter, beating the consensus estimate of ($0.51) by $0.05. The company earned $1.87 million during the quarter, compared to analyst estimates of $2.52 million. Virgin Galactic had a negative trailing twelve-month return on equity of 121.36% and a negative net margin of 15,135.24%. The company's revenue was up 424.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.43) EPS.

What guidance has Virgin Galactic issued on next quarter's earnings?

Virgin Galactic updated its fourth quarter 2023 earnings guidance on Tuesday, August, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.00 million-$1.00 million.

What is Virgin Galactic's stock symbol?

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

Who are Virgin Galactic's major shareholders?

Virgin Galactic's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.63%), State Street Corp (5.87%), Geode Capital Management LLC (1.70%), Wolverine Asset Management LLC (0.00%), Portman Square Capital LLP (0.00%) and Northern Trust Corp (0.81%). Insiders that own company stock include Chamath Palihapitiya, Craig S Kreeger, James Ryans, Jonathan Joseph Campagna and Virgin Investments Ltd.
View institutional ownership trends
.

How do I buy shares of Virgin Galactic?

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.
Compare Top Brokerages Here.

What is Virgin Galactic's stock price today?

One share of SPCE stock can currently be purchased for approximately $1.81.

How much money does Virgin Galactic make?

Virgin Galactic (NYSE:SPCE) has a market capitalization of $664.52 million and generates $2.31 million in revenue each year. The company earns $-500,150,000.00 in net income (profit) each year or ($2.13) on an earnings per share basis.

How many employees does Virgin Galactic have?

The company employs 1,166 workers across the globe.

How can I contact Virgin Galactic?

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.

This page (NYSE:SPCE) was last updated on 9/22/2023 by MarketBeat.com Staff

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