56755e75
2021-07-12
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Virgin Galactic priced too high for Bank of America to get on board
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Further, we believe the current valuation more than reflects the underlying financial fundamentals and gives the company a more than healthy multiple premium for potential growth.\"</li>\n <li>Epstein also notes that Virgin Galactic is still several years from generating positive cash flow and trades with an estimated 2023 EV/sales ratio of ~90X and 2024 EV/sales ratio of ~60X, which marks about a 60% premium to the ARK Space Exploration & Innovation ETF.</li>\n <li>Short interest on Virgin Galactic stands at more than 20% of total float.</li>\n <li>Shares of Virgin Galactic areup 8.07%premarket to $53.17 after theweekend spaceflight.</li>\n</ul>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Virgin Galactic priced too high for Bank of America to get on board</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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