Following Its 52-Week Low, Virgin Galactic Holdings Inc. (NYSE: SPCE)’S Share Price Rose 8.05% And Its YTD Numbers Fell -56.35% – Marketing Sentinel
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Following Its 52-Week Low, Virgin Galactic Holdings Inc. (NYSE: SPCE)’S Share Price Rose 8.05% And Its YTD Numbers Fell -56.35%

During the last session, Virgin Galactic Holdings Inc. (NYSE:SPCE)’s traded shares were 16.29 million, with the beta value of the company hitting 0.54. At the end of the trading day, the stock’s price was $5.84, reflecting an intraday gain of 8.75% or $0.47. The 52-week high for the SPCE share is $57.51, that puts it down -884.76 from that peak though still a striking 8.05% gain since the share price plummeted to a 52-week low of $5.37. The company’s market capitalization is $1.66B, and the average trade volume was 18.10 million shares over the past three months.

Virgin Galactic Holdings Inc. (SPCE) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 2.70. SPCE has a Sell rating from 2 analyst(s) out of 12 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.34.

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Virgin Galactic Holdings Inc. (NYSE:SPCE) trade information

Virgin Galactic Holdings Inc. (SPCE) registered a 8.75% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 8.75% in intraday trading to $5.84 this Thursday, 05/12/22, hitting a weekly high. The stock’s 5-day price performance is -22.13%, and it has moved by -33.79% in 30 days. Based on these gigs, the overall price performance for the year is -62.32%.

The consensus price target of analysts on Wall Street is $10.41, which implies an increase of 43.9% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5.00 and $16.00 respectively. As a result, SPCE is trading at a discount of -173.97% off the target high and 14.38% off the low.

Virgin Galactic Holdings Inc. (SPCE) estimates and forecasts

Statistics show that Virgin Galactic Holdings Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Virgin Galactic Holdings Inc. (SPCE) shares have gone down -71.17% during the last six months, with a year-to-date growth rate less than the industry average at -4.90% against -1.20. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -9.70% this quarter and then jump 40.00% in the quarter after that. In the rating firms’ projections, revenue will increase 1,231.90% compared to the previous financial year.

Revenue for the current quarter is expected to be $350k as predicted by 8 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $150k by the end of Mar 2022.

While earnings are projected to return 51.60% in 2022, the next five years will return 9.90% per annum.

SPCE Dividends

Virgin Galactic Holdings Inc. is due to release its next quarterly earnings between February 23 and February 28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Virgin Galactic Holdings Inc. (NYSE:SPCE)’s Major holders

Virgin Galactic Holdings Inc. insiders own 19.71% of total outstanding shares while institutional holders control 28.70%, with the float percentage being 35.75%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 350 institutions own stock in it. As of Sep 29, 2021, the company held over 15.99 million shares (or 6.20% of all shares), a total value of $404.63 million in shares.

The next largest institutional holding, with 8.46 million shares, is of Blackrock Inc.’s that is approximately 3.28% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $214.01 million.

Also, the Mutual Funds coming in first place with the largest holdings of Virgin Galactic Holdings Inc. (SPCE) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Sep 29, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 5.11 million shares. This amounts to just over 1.98 percent of the company’s overall shares, with a $129.2 million market value. The same data shows that the other fund manager holds slightly less at 4.49 million, or about 1.74% of the stock, which is worth about $113.64 million.

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