SPCE Stock Price, Virgin Galactic Holdings Inc

Virgin Galactic Holdings Inc.

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Overview

Key Data

  • Open $20.81
  • Day Range 19.31 – 21.12
  • 52 Week Range 6.90 – 42.49
  • Market Cap $3.81B
  • Shares Outstanding 195.59M
  • Public Float 53.65M
  • Beta 0.51
  • Rev. per Employee n/a
  • P/E Ratio n/a
  • EPS $-0.32
  • Yield n/a
  • Dividend n/a
  • Ex-Dividend Date n/a
  • Short Interest 19.27M 02/14/20
  • % of Float Shorted 35.92%
  • Average Volume 17.76M

Performance

Recent News

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Chamath Palihapitiya, who used a previous blank-check initial public offering to place Virgin Galactic Holdings Inc. on the public markets, has filed for two more such funds that seek to raise $900 million in total. Filings with the Securities and Exchange Commission on Friday afternoon show an attempt to raise $300 million for Social Capital Hedosophia Holdings Corp. II and $600 million for Social Capital Hedosophia Holdings Corp. III. The first Social Capital Hedosophia blank-check IPO raised $600 million in 2017 and sat dormant for more than 20 months before announcing a deal with Virgin Galactic. The space-travel company began trading in October and has more than doubled in price since, closing Friday at $24.60 for a market capitalization of $4.8 billion.

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Virgin Galactic Stock Falls Back to Earth After Downgrades

Wall Street is weighing after Virgin Galactic reported its first quarter as a publicly traded company. Two downgraded the stock. Another says investors would be wise to hang on.

Virgin Galactic’s stock plunges 21% after analyst downgrades, but pared earlier loss of as much as 33.5%

Virgin Galactic Stock Falls Back to Earth After Downgrades

Wall Street is weighing after Virgin Galactic reported its first quarter as a publicly traded company. Two downgraded the stock. Another says investors would be wise to hang on.

Virgin Galactic gets another downgrade as Morgan Stanley waits ‘for fundamentals to catch up’

Virgin Galactic Holdings Inc.’s meteoric run looks poised to hit a snag Thursday after a second downgrade of the high-flying spaceflight stock. The stock is down 20% in premarket trading Thursday after Morgan Stanley analyst Matthew Sharpe cut his rating on the shares to equal weight from overweight, writing that he is “waiting for [Virgin Galactic’s] fundamentals to catch up” to the big expectations around the company’s potential. “In our opinion, the stock is nearly fully discounting a highly successful space tourism business at scale, a moderately successful space tourism business with early credit for the hypersonic opportunity, or a combination of both,” Sharpe wrote. He joins Credit Suisse analyst Robert Spingran, who also downgraded the stock Thursday on valuation concerns. Shares have risen nearly 300% over the past three months, while the S&P 500 has lost about 1% in that span.

Virgin Galactic stock craters after Credit Suisse downgrade

Shares of Virgin Galactic Holdings Inc. are off 17% in premarket trading Thursday after Credit Suisse analyst Robert Spingarn downgraded the stock to neutral from outperform. “While SPCE remains a compelling story from the perspectives of near-term catalysts toward first revenue flight, its leading market position, strong incremental margin potential, and the scarcity value of the investment opportunity (all points outlined in our initiation), we find ourselves no longer able to recommend SPCE shares after a

185% [year-to-date] run (through Feb. 25) and commensurate expansion in the stock’s multiple,” he wrote. He sees limited opportunity for upside to his estimates given the “relatively more limited scalability of the business model.” He upped his price target to $25 from $15 in conjunction with the downgrade. Virgin Galactic shares are up 293% over the past three months, as the S&P 500 has lost about 1%.

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