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However, despite the company’s long-awaited accomplishment, SPCE’s share price has declined 55% over the past six months and 20% over the past month, closing yesterday’s trading session at $15.62.
In addition, SPCE is currently trading at a premium valuation considering its poor growth prospects. In terms of its forward EV/Sales, the stock is currently trading at 822.41x, which is 41465.2% higher than the 1.98x industry average. Furthermore, SPCE’s 1177.56x forward Price/Sales is 71140% higher than the 1.65x industry average. This, along with SPCE’s weak profitability, could cause the stock to suffer further price declines in the near term.
