Shares of Virgin Galactic (SPCE) have gained 4.4% over the past four weeks to close the last trading session at $6.85, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $35.67 indicates a potential upside of 420.7%. The mean estimate comprises nine short-term price targets with a standard deviation of $30.04. While the lowest estimate of $6 indicates a 12.4% decline from the curre ...

Financial Performance - Virgin Galactic reported a quarterly loss of $4.36 per share, better than the Zacks Consensus Estimate of a loss of $5.40, and an improvement from a loss of $9.20 per share a year ago, representing an earnings surprise of 19.26% [1] - The company posted revenues of $4.22 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 20.57%, compared to revenues of $1.87 million in the same quarter last year [2] Stock Performance - Virgin Galactic shares have declined approximately 88.5% since the beginning of the year, contrasting with the S&P 500's gain of 9.9% [3] - The current Zacks Rank for Virgin Galactic is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is -$5.40 on revenues of $0.55 million, and for the current fiscal year, it is -$19.67 on revenues of $6.55 million [7] - The estimate revisions trend for Virgin Galactic is mixed, and future stock movements will depend on management's commentary during the earnings call [3][4] Industry Context - The Aerospace - Defense industry, to which Virgin Galactic belongs, is currently ranked in the top 23% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Another company in the same industry, Rocket Lab USA, Inc., is expected to report a quarterly loss of $0.10 per share, with revenues projected to increase by 72.8% year-over-year [9][10]

A reverse stock split didn't help Virgin Galactic this week. A reverse stock split can't save Virgin Galactic That wasn't the case, despite no real news from Virgin Galactic itself. The company is in a pretty quiet period while it's building the Delta class spacecraft and completing both ground and flight testing. But commercial operations aren't expected to start until at least mid-2026, so the company needs to lower its cash burn dramatically and save as much cost as possible. Any turnaround is a long way ...

Risk is still high, but the reward for investors could be even higher. *Stock prices used were end-of-day prices of June 17, 2024. The video was published on June 18, 2024. Virgin Galactic (SPCE -13.42%) stock has fallen so far that it has more cash on the balance sheet than the value of the entire company. If the company can get to a commercial launch in two years, the upside for investors is tremendous, which Travis Hoium covers in this video. ...

Things are not looking great for Virgin Galactic (SPCE -14.19%). Handing out shares like monopoly money Last night, the company announced (as required by NYSE Listing Rule 303A.08) that it awarded 1,741 Virgin Galactic "restricted stock units" (RSUs) to an unnamed "new non-executive employee." These free shares don't entirely vest for four years, incentivizing the employee not to quit before then. Since confirming its decision to run a 1-for-20 reverse share split last week (shrinking its share count by 20x ...

Well, it seems I was too optimistic. Virgin Galactic is no longer a penny stock -- for now. Instead, Virgin Galactic's share price has plunged, and as of 11:50 a.m. ET Monday is down 17.2% at $11.34. This was probably unavoidable. As I explained last week, and also two months prior, Virgin Galactic is a company in decline. Its sole operational spaceplane, Unity, has been retired, and the company can't fly space tourists, or make revenue from space tourism flights, until it builds a new Delta spaceplane curr ...

Group 1 - Virgin Galactic is executing a 1-for-20 reverse stock split to comply with NYSE's minimum bid requirement, as its stock closed at 68.49 cents and had not been above $1 since May 21 [1][2] - The reverse split will reduce the number of shares outstanding by 95%, leading to an approximate 20-fold increase in share price, while the overall value of each investor's holdings will remain roughly the same [5] - The company expects to have two Delta ships operational by 2026, conducting about 750 space flights annually and generating approximately $450 million in revenue [3] Group 2 - SPCE stock has decreased by 54% over the last three months and 72% in 2024, despite a 410% increase in revenue last quarter, totaling $1.99 million [6] - The firm had $867 million in cash at the end of the first quarter, which positions it well for future operations [6] - Operating expenditures for the firm were $410 million over the 12 months ending in March, and if revenue targets are met while keeping spending flat, positive operating income is expected in 2026, potentially boosting SPCE stock [9]

It's official now. Virgin Galactic (SPCE -6.23%) is out of the space tourism business -- at least for a while. Competitors in the wings Up until last week, he seemed likely to do it in space tourism, too. Elon Musk will be able to offer space tourism flights for a fraction of Virgin Galactic's cost -- but not just yet. As a result, for the next two straight years, not a single Virgin spaceplane will get anywhere near space. A second competitor, however, may not be so fortunate. Introducing Starship: SpaceX' ...

Virgin Galactic has proven its space tourism model. Now, it is laser focused on building a profitable business. It's pretty hard to argue Virgin Galactic (SPCE -6.23%) is anything but a story stock right now. And you either believe that story or you don't. But there are some pretty compelling elements in the narrative, as well as some really big problems. Are you a glass-half-full investor or a glass-half-empty investor? Here's what you need to think about as you make the buy, sell, or hold decision on Virg ...

It'll be two years before Virgin Galactic can prove its strategy right. *Stock prices used were end-of-day prices of June 10, 2024. The video was published on June 11, 2024. Virgin Galactic (SPCE -6.23%) recently made its final flight before a two-year break, after which it will launch its Delta-class spacecraft. In this video, Travis Hoium shows what investors need to watch and when we may see the company emerge from relative silence. ...