Virgin Orbit has moved 11.0% so far today on a volume of 221,261, compared to its average of 171,775. In contrast, the S&P 500 index moved -0.8%.
Over the last 52 weeks, the stock moved -82.3%, with a high of $11.28 and a low of $1.61. During this time, the stock lagged the S&P 500 index by -62.2%. 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. The small-cap Industrials company has 660 full time employees and is based in Long Beach, CA. Virgin Orbit has not offered any dividends in the last year.
Compared to the Industrials sector's average of 21.46, Virgin Orbit has a trailing twelve month price to earnings (P/E) ratio of -2.9 and, based on its Eps guidance of -0.51, an expected P/E ratio of -3.6. Virgin Orbit's price to book (P/B) ratio is 6.8 compared to its sector average of 3.7. The company may be overvalued in terms of its assets.
3 analysts are following Virgin Orbit and have set target prices ranging from $1 to $12 per share. On average, they have given the company a rating of buy. At today's prices, VORB is trading -75.17% away from its average analyst target price of $7.33 per share, implying an analyst consensus of strong upside potential for the stock.
The company has an average amount of shares sold short since 5.3% of the company's shares are tied to short positions. Institutions own 18.8% of Virgin Orbit's shares, while the insider ownership rate stands at 79.99%. The biggest shareholder is the Vanguard Group, Inc. with a 1% stake in the company worth approximately $3,938,136.
