Virgin Galactic (SPCE) Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Virgin Galactic in the last twelve months. There are currently 4 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street 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 12 month price targets for Virgin Galactic's shares. Their SPCE share price forecasts range from $3.00 to $11.00. On average, they expect the company's stock price to reach $5.08 in the next twelve months. This suggests a possible upside of 33.1% from the stock's current price.
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Virgin Galactic's stock was trading at $3.48 at the start of the year. Since then, SPCE shares have increased by 9.8% and is now trading at $3.82.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Virgin Galactic Holdings, Inc. (NYSE:SPCE) posted its quarterly earnings data on Tuesday, May, 9th. The company reported ($0.57) earnings per share for the quarter, missing the consensus estimate of ($0.50) by $0.07. The business earned $0.39 million during the quarter, compared to analyst estimates of $1.32 million. Virgin Galactic had a negative net margin of 23,751.78% and a negative trailing twelve-month return on equity of 107.33%. The firm's revenue for the quarter was up 296.5% on a year-over-year basis. During the same period last year, the firm 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 many different retail and institutional investors. Top institutional shareholders 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 $3.82.

Virgin Galactic (NYSE:SPCE) has a market capitalization of $1.08 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.