Virgin Galactic Holdings, Inc. (NYSE:SPCE) Given Average Recommendation of “Hold” by Analysts

Virgin Galactic Holdings, Inc. (NYSE:SPCE) has been assigned an average recommendation of “Hold” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $5.00.

A number of equities analysts have recently issued reports on SPCE shares. Susquehanna restated a “neutral” rating and set a $4.00 price objective (up from $3.25) on shares of Virgin Galactic in a research report on Thursday, October 9th. Wall Street Zen raised shares of Virgin Galactic from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Wolfe Research restated a “peer perform” rating on shares of Virgin Galactic in a research report on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Virgin Galactic in a research note on Wednesday, October 8th.

Virgin Galactic Stock Performance

Shares of Virgin Galactic stock opened at $3.85 on Friday. The stock has a market cap of $221.72 million, a price-to-earnings ratio of -0.52 and a beta of 2.28. Virgin Galactic has a twelve month low of $2.18 and a twelve month high of $7.59. The company’s fifty day moving average is $3.81 and its 200 day moving average is $3.49. The company has a quick ratio of 2.87, a current ratio of 2.87 and a debt-to-equity ratio of 1.87.

Virgin Galactic (NYSE:SPCE) last announced its earnings results on Thursday, November 13th. The company reported ($1.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.51) by $0.42. The business had revenue of $0.37 million during the quarter, compared to analyst estimates of $0.32 million. Virgin Galactic had a negative return on equity of 108.00% and a negative net margin of 17,615.71%. Sell-side analysts forecast that Virgin Galactic will post -16.05 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SPCE. Catalyst Funds Management Pty Ltd acquired a new position in shares of Virgin Galactic in the 2nd quarter valued at about $27,000. Gladstone Institutional Advisory LLC acquired a new stake in Virgin Galactic during the third quarter worth approximately $42,000. Baader Bank Aktiengesellschaft bought a new stake in Virgin Galactic in the third quarter worth approximately $42,000. PharVision Advisers LLC bought a new stake in Virgin Galactic in the third quarter worth approximately $43,000. Finally, Pitcairn Co. acquired a new position in Virgin Galactic in the second quarter valued at approximately $31,000. 46.62% of the stock is owned by institutional investors.

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.