With the global cannabis market valued at just over $15 billion today, the path to a projected $194B gives companies and their investors room to run. Lovell has served on virgin galactic’s Board since 2017 and is the Chief Investment Officer of the Virgin Group. He is a seasoned private equity investor and operator, having invested and participated in global private equity and M&A over the past 20 years, working previously at TPG Capital and Culligan International. In short, if you own Virgin Galactic and like the looks of today’s price spike, enjoy it while it lasts, because such gains might be few and far between. One share of SPCE stock can currently be purchased for approximately $8.23.
So, far from considering the stock overpriced, Bernstein actually sees Virgin stock as priced at an 8% discount to its true value. Founded in 1993 by brothers Tom and David Gardner, DotBig The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
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This suggests a possible upside of 156.1% from the stock’s current price. View analysts’ price targets for https://dotbig.com/markets/stocks/SPCE/ or view top-rated stocks among Wall Street analysts.
- Virgin Galactic does not have a long track record of dividend growth.
- View institutional ownership trends for Virgin Galactic.
- What’s more, the analyst’s new price target — $10 a share — is actually above the $9.20 or so price at which Virgin Galactic trades today.
- View our full suite of financial calendars and market data tables, all for free.
- Virgin Galactic’s stock is owned by many different retail and institutional investors.
- There are currently 3 sell ratings, 7 hold ratings and 4 buy ratings for the stock.
Company insiders that have bought stock in the last two years include Craig S Kreeger, Enrico Liberato Palermo, George Thomas Whitesides, and Michelle Kley. View insider buying and selling activity for Virgin Galactic or or view top insider-buying stocks. Virgin Galactic’s stock is owned by many different retail and institutional investors.
Industry, Sector And Symbol
Consumers are now more willing to spend on lifestyle enhancements along with necessary spending on life-saving treatments. In addition, the survival of the Affordable Care Act has kept the ranks of insured U.S. citizens above the historical average, further increasing consumer spending on healthcare services and products. Meanwhile, companies with experience in diagnostic testing, vaccines, and antiviral medicines, as well as suppliers of protective equipment and other hospital https://dotbig.com/ products, should benefit from efforts to contain the pandemic. The sector accounts for 13.7% of the S&P 500, and includes companies in the pharmaceuticals, medical devices, healthcare services, and insurance industries. The sector is outperforming the market thus far in 2022, with a gain of 1.3% through early April, while the S&P 500 has declined 6%. The following are examples of how we use our analysts’ Healthcare sector ideas in our Focus List and Model Portfolios.
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Virgin Galactic Announces Board Changes
Questioning an investing thesis – even one of our own – helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. That being said, it’s not all unicorns and rainbows at https://smartasset.com/checking-account/the-top-ten-banks-by-assets-held. Early warning notwithstanding, the quickness of this cash raise seems to have taken the analyst by surprise, and indicated "that near-term cash requirements are greater than expected." © 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
A Banker Cuts Its Price Target, And Virgin Galactic’s Stock Price Goes Up What?
View our full suite of financial calendars and market data tables, all for free. Real-time analyst ratings, insider transactions, earnings data, and more. https://dotbig.com/markets/stocks/SPCE/ has received a consensus rating of Hold. The company’s average rating score is 2.07, and is based on 4 buy ratings, 7 hold ratings, and 3 sell ratings.