Small-cap Industrials company Virgin Orbit has logged a -10.9% change today on a trading volume of 863,072. The average volume for the stock is 179,072.
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. Based in Long Beach, United States the company has 660 full time employees and a market cap of $633,586,368.
The company is now trading -74.35% away from its average analyst target price of $7.33 per share. The 3 analysts following the stock have set target prices ranging from $1 to $12, and on average give Virgin Orbit a rating of buy.
Over the last year, VORB shares have gone down by -73.8%, which represents a difference of -57.2% when compared to the S&P 500. The stock's 52 week high is $11.28 per share and its 52 week low is $1.6. With its gross margins declining an average -1269.3% over the last four years, Virgin Orbit may not have a strong enough business to reverse this trend.
| Date Reported | Revenue ($ MM) | Cost of Revenue ($ MM) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2021-12-31 | 7 | 38 | -412.82 | -2458.97 |
| 2020-12-31 | 4 | 3 | 17.5 | -79.64 |
| 2019-12-31 | 0 | 0 | 85.95 | n/a |
