In yesterday’s Wall Street session, Virgin Orbit Holdings Inc. (NASDAQ:VORB) shares traded at $1.12, down -8.20% from the previous session.
3 analysts cover Virgin Orbit Holdings Inc. (NASDAQ:VORB), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $9.00 and a low of $1.00, we find $6.00. Given the previous closing price of $1.22, this indicates a potential upside of 391.8 percent. VORB stock price is now -31.75% away from the 50-day moving average and -62.59% away from the 200-day moving average. The market capitalization of the company currently stands at $371.85M.
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The stock has received a hold rating from 0 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $5.33 as their price target over the next twelve months.
With the price target of $1, Credit Suisse recently initiated with Underperform rating for Virgin Orbit Holdings Inc. (NASDAQ: VORB). On February 28, 2022, Canaccord Genuity recently initiated its ‘Buy’ rating on the stock quoting a target price of $20.
In other news, MCFARLAND KATHARINA G., Director bought 2,884 shares of the company’s stock on Jun 15. The stock was bought for $8,364 at an average price of $2.90. Upon completion of the transaction, the Director now directly owns 10,993 shares in the company, valued at $12312.16. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VORB stock. A new stake in Virgin Orbit Holdings Inc. shares was purchased by LMR PARTNERS LLP during the first quarter worth $1,515,000. RENAISSANCE TECHNOLOGIES LLC invested $30,000 in shares of VORB during the first quarter. In the first quarter, EISLER CAPITAL (UK) LTD. acquired a new stake in Virgin Orbit Holdings Inc. valued at approximately $28,000. ARETE WEALTH ADVISORS, LLC acquired a new stake in VORB for approximately $2,000. COLUMN CAPITAL ADVISORS, LLC purchased a new stake in VORB valued at around $1,000 in the second quarter. In total, there are 29 active investors with 18.80% ownership of the company’s stock.
On Tuesday morning Virgin Orbit Holdings Inc. (NASDAQ: VORB) stock kicked off with the opening price of $1.2200. During the past 12 months, Virgin Orbit Holdings Inc. has had a low of $1.22 and a high of $7.59. As of last week, the company has a debt-to-equity ratio of 0.50, a current ratio of 2.10, and a quick ratio of 1.20. The fifty day moving average price for VORB is $1.6411 and a two-hundred day moving average price translates $2.9942 for the stock.
The latest earnings results from Virgin Orbit Holdings Inc. (NASDAQ: VORB) was released for Sep, 2022. According to the Aerospace & Defense Company, earnings per share came in at -$0.13, inline with analysts’ expectations of -$0.13. This compares to -$0.13 EPS in the same period last year. The company reported revenue of $30.91 million for the quarter, compared to $2000.0 a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1545250.0 percent. For the current quarter, analysts expect VORB to generate $10.19M in revenue.
Virgin Orbit Holdings Inc.(VORB) Company Profile
Virgin Orbit Holdings, Inc., a vertically integrated aerospace company, designs and develops commercial space orbital air pad launch solutions for small satellites across government, research, and education industries. It offers launch services for national security and defense; rideshare satellite launch services; civil spaceports; and space solutions. The company is headquartered in Long Beach, California.
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