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Virgin Galactic Holdings (SPCE) has jumped for the wrong reasons

Virgin Galactic Holdings Inc Class A (SPCE) currently trades at $19.57 and has grown by 2.95% today. SPCE went up $0.56 from the previous closing price of $19.01. The high forecast for Virgin Galactic Holdings Inc Class A is $40.00 and the low is $24.00. The company’s market cap is $3.84 billion with a 52 week high of $42.29 and a 52 week low of $6.90. SPCE has changed in price by 9.36 per share in the last 12 months. Virgin Galactic shares jumped in trading after a headline noted that similarly-named Virgin Orbit had won a government contract. While Virgin Galactic is publicly-traded, Virgin Orbit was spun-off in 2017 and is privately held by Sir Richard Branson’s multinational conglomerate Virgin Group.

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Virgin Galactic Holdings Inc Class A has a weak EPS of -0.37. This means the company lost $-0.37 per share after paying dividends, this can indicate that the stock is a risky investment. EPS is calculated as a company’s profit divided by the outstanding shares of its common stock. The resulting number serves as an indicator of a company’s profitability. It is common for a company to report EPS that is adjusted for extraordinary items and potential share dilution. Based on this information, investorsQ rates this stock 4 out of 10. We give it this rating based on current information written in this article.

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About Virgin Galactic Holdings Inc Class A:
Virgin Galactic Holdings, Inc. engages in the manufacture of advanced air and space vehicles, and provision of spaceflight services for private individuals and researchers.

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