Virgin Galactic Holdings, Inc. (NYSE:SPCE) has seen 2,679,689 shares traded in the recent trading session. The company, currently valued at $3.2 Billion, closed the recent trade at $15.22 per share which meant it lost -$0.2 on the day or -1.3% during that session. The SPCE stock price is -179.17% off its 52-week high price of $42.49 and 54.66% above the 52-week low of $6.9. If we look at the company’s 10-day average daily trading volume, we find that it stood at 22.2 Million shares traded. The 3-month trading volume is 14.27 Million shares.
The consensus among analysts is that Virgin Galactic Holdings, Inc. (SPCE) is an Overweight stock at the moment, with a recommendation rating of 2.3. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 3 have rated it as a Hold, with 2 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.25.
Virgin Galactic Holdings, Inc. (NYSE:SPCE) trade information
Despite being -1.29% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Jun 24 when the SPCE stock price touched $16.61- or saw a rise of 9.15%. Year-to-date, Virgin Galactic Holdings, Inc. shares have moved 30.65%, while the 5-day performance has seen it change -8.27%. Over the past 30 days, the shares of Virgin Galactic Holdings, Inc. (NYSE:SPCE) have changed -11.44%. Short interest in the company has seen 29.98 Million shares shorted with days to cover at 2.1.
Wall Street analysts have a consensus price target for the stock at $25, which means that the shares’ value could jump 64.26% from current levels. The projected low price target is $22 while the price target rests at a high of $29. In that case, then, we find that the current price level is +90.54% off the targeted high while a plunge would see the stock lose 44.55% from current levels.
Virgin Galactic Holdings, Inc. (SPCE) estimates and forecasts
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +0% over the past 5 years. Earnings growth for 2020 is a modest +7.3% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Virgin Galactic Holdings, Inc. (NYSE:SPCE)’s Major holders
Insiders own 67.42% of the company shares, while shares held by institutions stand at 19.25% with a share float percentage of 59.09%. Investors are also buoyed by the number of investors in a company, with Virgin Galactic Holdings, Inc. having a total of 150 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 5.46 Million shares worth more than $80.66 Million. As of March 30, 2020, Vanguard Group, Inc. (The) held 2.59% of shares outstanding.
The other major institutional holder is Weiss Multi-Strategy Advisers, LLC, with the holding of over 1.97 Million shares as of March 30, 2020. The firm’s total holdings are worth over $29.06 Million and represent 0.93% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of March 30, 2020, the former fund manager holds about 0.81% shares in the company for having 1710321 shares of worth $25.28 Million while later fund manager owns 1.52 Million shares of worth $22.44 Million as of March 30, 2020, which makes it owner of about 0.72% of company’s outstanding stock.