Virgin Galactic Holdings Inc (NYSE:SPCE) has a beta value of 1.70 and has seen 15.8 million shares traded in the last trading session. The company, currently valued at $365.03M, closed the last trade at $0.89 per share which meant it gained $0.03 on the day or 3.15% during that session. The SPCE stock price is -593.26% off its 52-week high price of $6.17 and 21.35% above the 52-week low of $0.70. The 3-month trading volume is 12.67 million shares.
Virgin Galactic Holdings Inc (NYSE:SPCE) trade information
Sporting 3.15% in the green in last session, the stock has traded in the green over the last five days, when the SPCE stock price touched $0.89 or saw a rise of 10.91%. Year-to-date, Virgin Galactic Holdings Inc shares have moved -63.78%, while the 5-day performance has seen it change 3.67%. Over the past 30 days, the shares of Virgin Galactic Holdings Inc (NYSE:SPCE) have changed -39.21%.
Virgin Galactic Holdings Inc (SPCE) estimates and forecasts
Figures show that Virgin Galactic Holdings Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -37.50% over the past 6 months, with this year growth rate of 35.14%, compared to 16.20% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 49.10% and 43.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be -20.70%.
7 analysts offering their estimates for the company have set an average revenue estimate of $1.92 million for the current quarter. 7 have an estimated revenue figure of $3.8 million for the next quarter concluding in Jun 2024. Year-ago sales stood $1.16 million and $1.87 million respectively for this quarter and the next, and analysts expect sales will grow by 65.50% for the current quarter and 103.10% for the next.
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 -15.87% over the past 5 years. Earnings growth for 2024 is a modest 33.70% while over the next 5 years, the company’s earnings are expected to increase by 19.40%.
SPCE Dividends
Virgin Galactic Holdings Inc is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
