SPCE

Virgin Galactic Holdings Inc - Ordinary Shares - Class A

Industrial/Transportation, Event Driven/Special Sit


Presented:02/07/2020
Price:$18.93
Cap:$3.71B
Current Price:$6.77
Cap:$0.19B

Presented

Date02/07/2020
Price$18.93
Market Cap$3.71B
Ent Value$0.88B
P/E Ratio187.43x
Book Value$7.83
Div Yield0%
Shares O/S196.00M
Ave Daily Vol6,100,579
Short Int19.76%

Current

Price$6.77
Market Cap$0.19B
Virgin Galactic Holdings, Inc. operates as a holding company, which engages in the business of owning and operating privately built spaceships. It designs spaceships which can fly anyone to space safely without the need for expertise or exhaustive time consuming training. The company develops passenger carrying manned spacecraft. The company was founded on May 5, 2017 and is headquartered in Las Cruces, NM.

Publicly traded companies mentioned herein: Seacor Holdings Inc (CKH), Virgin Galactic Holdings Inc (SPCE)

Highlights

The presenter is short shares of Virgin Galactic Holdings Inc (SPCE), based on Virgin Atlantic’s recent investment in hypersonic competitor Boom Technology and what he feels is over ambitious guidance by management. Based on management’s 2021 guidance, the expected spacecraft turnaround time is about four days. The presenter believes that 10 days is more realistic, and that aspirationally they could potentially get to seven. Assuming spacecraft turnaround eventually gets to seven days, revenue in 2021 would be ~$91MM, which is ~57% below management’s guidance. 

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.