Virgin Galactic Holdings (NYSE: SPCE) was sliding in pre-market trading on Thursday even as the spaceflight company announced that the flight window for its fifth spaceflight this year, the Galactic 04 will open on October 5. This will be the company’s ninth spaceflight to date.
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The company completed its second private astronaut flight, Galactic 03, back in September and it was the fourth successfully completed flight in four months.
Even with this announcement, shares of Virgin Galactic have not fared well. SPCE stock is down by more than 35% in the past month as investors have been concerned about its profitability.
As a result, analysts remain bearish about SPCE stock with a Moderate Sell rating based on three Holds and Sells each.