KeyBanc analyst Philip Gibbs maintained a Hold rating on Virgin Galactic Holdings (SPCE – Research Report) today. The company’s shares closed yesterday at $1.03.
Gibbs covers the Basic Materials sector, focusing on stocks such as Materion, Universal Stainless & Alloy Products, and Commercial Metals Company. According to TipRanks, Gibbs has an average return of 21.2% and a 66.82% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Virgin Galactic Holdings with a $2.09 average price target, a 102.91% upside from current levels. In a report released on May 8, Susquehanna also maintained a Hold rating on the stock with a $1.10 price target.
Based on Virgin Galactic Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.99 million and a GAAP net loss of $102.01 million. In comparison, last year the company earned a revenue of $392 thousand and had a GAAP net loss of $159.39 million
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Virgin Galactic Holdings (SPCE) Company Description:
Virgin Galactic Holdings Inc is a United States-based vertically-integrated aerospace company pioneering human spaceflight for private individuals & researchers, and it also manufactures advanced air and space vehicles. Using its technologies, it is developing a spaceflight system designed to offer its customers a unique, multi-day, and transformative experience. This culminates in a spaceflight that includes views of Earth from space and several minutes of weightlessness that will launch from Spaceport America, New Mexico.
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