In the last trading session, 10,621,107 Virgin Galactic Holdings, Inc. (NYSE:SPCE) shares changed hands as the company’s beta touched 0.35. With the company’s per share price at $36.02 changed hands at -$0.78 or -0.02% during last session, the market valuation stood at $8.67 Billion. SPCE’s last price was a discount, traded about -74.35% off its 52-week high of $62.8. The share price had its 52-week low at $14.27, which suggests the last value was 60.38% up since then. When we look at Virgin Galactic Holdings, Inc.’s average trading volume, we note the 10-day average is 13.62 Million shares, with the 3-month average coming to 20.01 Million.
Analysts gave the Virgin Galactic Holdings, Inc. (SPCE) stock a consensus recommendation rating of Overweight, calculated at a mean rating of 2.2. If we narrow down to specifics, the data shows that none out of 10 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 4 recommended SPCE as a Hold, 6 felt it is a Buy and none rated the stock as Underweight. Virgin Galactic Holdings, Inc.’s EPS for the current quarter is expected to be -$0.33.
Virgin Galactic Holdings, Inc. (NYSE:SPCE) trade information
Although SPCE has turned red as seen at the end of in last trading. With action -2.12%, the performance over the past five days has been red. The jump to weekly highs of $37.54 on Friday, Jun 18 added 4.05% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.52%, with the 5-day performance at -0.01% in the red. However, in the 30-day time frame, Virgin Galactic Holdings, Inc. (NYSE:SPCE) is 0.71% up. Looking at the short shares, we see there were 45.92 Million shares sold at short interest cover period of 2.29 days.
The consensus price target for the stock as assigned by Wall Street analysts is $30, meaning bulls need a downside of -16.71% from its current market value. According to analyst projections, SPCE’s forecast low is $18 with $50 as the target high. To hit the forecast high, the stock’s price needs a +38.81% upsurge from its current level, while the stock would need to tank -50.03% for it to hit the projected low.
Virgin Galactic Holdings, Inc. (SPCE) estimates and forecasts
Data shows that the Virgin Galactic Holdings, Inc. share is not performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot +41.25% over the past 6 months, a 4% in annual growth rate that is considerably lower than the industry average of 25.5%. But despite this, analysts have looked to lower expectations by downgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Virgin Galactic Holdings, Inc. will drop -10%, while the growth in revenue is estimated to hit 17.6% for the next quarter. Year-over-year growth is forecast to reach 1173.1% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of $380Million. 7 analysts are of the opinion that Virgin Galactic Holdings, Inc.’s revenue for the quarter ending September 01, 2021 will be $1.56 Million. The company’s revenue for the corresponding quarter a year ago was $880Million. According to analysts, the company will likely register a drop in its current quarter sales, forecast at -56.8%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. The 2021 estimates are for Virgin Galactic Holdings, Inc. earnings to decrease by -166%, but the outlook for the next 5-year period is at 0% per year.
Virgin Galactic Holdings, Inc. (NYSE:SPCE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 29.61% of Virgin Galactic Holdings, Inc. shares while 25.95% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 36.86%. There are 378 institutions holding the Virgin Galactic Holdings, Inc. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Mar 30, 2021, the company held 4.77% of the shares, roughly 11.48 Million SPCE shares worth $351.65 Million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 2.25% or 5.41 Million shares worth $165.69 Million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 3643734 shares estimated at $111.61 Million under it, the former controlled 1.51% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 1.31% of the shares, roughly 3.14 Million shares worth around $96.28 Million.