Virgin Galactic (SPCE) shares snapped six straight sessions of losses, as the stock was up 3.9% at $3.49 on Tuesday.
The aerospace and space travel company fell over 6% in the preceding six sessions. The stock has fallen nearly 41% so far this year, compared to a 14% rise in the broader S&P 500 Index (SP500).
SPCE is down 18% over the past one month.
“Given high cash burn, looming debt, and uncertain revenue, sell rating is maintained on SPCE due to the unfavorable risk-to-reward profile,” pointed out a recent Seeking Alpha analysis.
Looking at Seeking Alpha’s Quant Rating, SPCE has a Hold rating with a score of 3.1 out of 5. The company received D- in the prospect of profitability, while it got B+ growth factor.
Turning to the Wall Street community, two analysts gave SPCE a Strong Buyrating. Four analysts have given the stock a Hold recommendation, while two recommended Sell or lower.
Seeking Alpha analysts are cautious and see the stock as a Hold.
Virgin Galactic beat top- and bottom-line estimates and trimmed its third quarter loss by reducing its operating expenses.