The stocks of SPCE have been issued with a price target of $20 from the previous price target of $18 by analysts. According to a report, the brokerage has put up a rating of neutral on the stocks of the company. The price objective set by the company implies an annual decrease of 64.21% on the previous close of the stock.
The Stock Commentary of SPCE
There have been quite a few research equities that have commented on the stocks of SPCE. Truist has already put up a rating of buy with a price target of $50 on the stocks in a 17th March research report. Alembic Global Advisors has also increased the price rating of the company from neutral to overweight in a 24th May research report.
Morgan Stanley has gone ahead and decreased the price target of the company from $30 to $25 with a rating of equal weight in a 25th May research report. Susquehanna Bancshares has increased the price target of the company from $20 to $32 with a rating of neutral in an 11th May research report.
Six of the investment analysts have already issued the stocks with a rating of hold while nine others have provided the company with a rating of buy. Currently, SPCE has a buy rating with a $34.86 price target.
The stocks of SPCE have traded at $15.62 on Friday. The market cap of the firm has been set at $13.45 billion, with a -37.29 PE ratio, along with a 0.36 beta. The moving average price of the company over a period of 50 days is $26.68. The year low of the company is $14.27, with the year high set at $62.80.
SPCE previously updated its quarterly report on the 10th of May. The EPS reported by the company during this period was $0.55, with the consensus estimate coming to $0.31.
