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NYSE:SPCE

Virgin Galactic (SPCE) Stock Price, News & Analysis

$0.99
-0.02 (-1.99%)
(As of 05/20/2024 ET)
Today's Range
$0.97
$1.03
50-Day Range
$0.75
$1.70
52-Week Range
$0.70
$6.17
Volume
16.76 million shs
Average Volume
28.26 million shs
Market Capitalization
$405.72 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.26

Virgin Galactic MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.86 Rating Score
Upside/​Downside
129.6% Upside
$2.26 Price Target
Short Interest
Bearish
26.59% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.19mentions of Virgin Galactic in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.94) to ($0.57) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.46 out of 5 stars

Aerospace Sector

24th out of 41 stocks

Transportation Services Industry

6th out of 14 stocks

SPCE stock logo

About Virgin Galactic Stock (NYSE:SPCE)

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 Stock Price History

SPCE Stock News Headlines

How to Invest in Virgin Galactic
Why Is Virgin Galactic (SPCE) Stock Up 19% Today?
Virgin Galactic (NYSE:SPCE) PT Lowered to $0.75
The 3 Best Space Stocks to Buy in May 2024
Is Virgin Galactic Stock a Buy?
See More Headlines
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Company Calendar

Last Earnings
5/07/2024
Today
5/20/2024
Next Earnings (Estimated)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Aerospace
Industry
Transportation services
Sub-Industry
N/A
Fax
N/A
Employees
805
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$2.26
High Stock Price Target
$4.75
Low Stock Price Target
$0.75
Potential Upside/Downside
+129.6%
Consensus Rating
Reduce
Rating Score (0-4)
1.86
Research Coverage
7 Analysts

Profitability

Net Income
$-502,340,000.00
Net Margins
-5,301.61%
Pretax Margin
-5,296.78%

Debt

Sales & Book Value

Annual Sales
$6.80 million
Book Value
$1.26 per share

Miscellaneous

Free Float
406,837,000
Market Cap
$405.72 million
Optionable
Optionable
Beta
1.71
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Key Executives


SPCE Stock Analysis - Frequently Asked Questions

Should I buy or sell Virgin Galactic stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Virgin Galactic in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 target for 2024?

7 Wall Street research analysts have issued 12 month target prices for Virgin Galactic's shares. Their SPCE share price targets range from $0.75 to $4.75. On average, they anticipate the company's stock price to reach $2.26 in the next twelve months. This suggests a possible upside of 129.6% 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 2024?

Virgin Galactic's stock was trading at $2.45 at the beginning of 2024. Since then, SPCE shares have decreased by 59.7% and is now trading at $0.9863.
View the best growth stocks for 2024 here
.

When is Virgin Galactic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our SPCE earnings forecast
.

How were Virgin Galactic's earnings last quarter?

Virgin Galactic Holdings, Inc. (NYSE:SPCE) issued its earnings results on Tuesday, May, 7th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.26) by $0.01. The business had revenue of $1.99 million for the quarter, compared to the consensus estimate of $2.05 million. Virgin Galactic had a negative trailing twelve-month return on equity of 87.99% and a negative net margin of 5,301.61%. The company's revenue was up 406.4% compared to the same quarter last year. During the same period last year, the business earned ($0.57) EPS.

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

Virgin Galactic updated its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.5 million-$3.5 million, compared to the consensus revenue estimate of $3.8 million.

Who are Virgin Galactic's major shareholders?

Virgin Galactic's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.66%), Portman Square Capital LLP (0.00%), Mitsubishi UFJ Asset Management Co. Ltd. (0.20%), Swiss National Bank (0.19%), Caxton Associates LP (0.14%) and Walleye Trading LLC (0.00%). Insiders that own company stock include Craig S Kreeger 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SPCE) was last updated on 5/21/2024 by MarketBeat.com Staff

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