Virgin Galactic Holdings Inc (SPCE) Has A Bright Growth Prospects For 2024

Virgin Galactic Holdings Inc (NYSE:SPCE) has a beta value of 1.70 and has seen 2.57 million shares traded in the last trading session. The company, currently valued at $173.41M, closed the last trade at $8.43 per share which meant it lost -$0.32 on the day or -3.66% during that session. The SPCE stock price is -1060.14% off its 52-week high price of $97.80 and -1.3% below the 52-week low of $8.54. The 3-month trading volume is 1.63 million shares.

Virgin Galactic Holdings Inc (NYSE:SPCE) trade information

Sporting -3.66% in the red in last session, the stock has traded in the red over the last five days, when the SPCE stock price touched $8.43 or saw a rise of 13.72%. Year-to-date, Virgin Galactic Holdings Inc shares have moved -82.80%, while the 5-day performance has seen it change -11.45%. Over the past 30 days, the shares of Virgin Galactic Holdings Inc (NYSE:SPCE) have changed -55.70%.

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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 -84.39% over the past 6 months, with this year growth rate of 36.66%, compared to 15.20% for the industry. Revenue growth from the last financial year stood is estimated to be 34.70%.

7 analysts offering their estimates for the company have set an average revenue estimate of 3.36M for the current quarter. 7 have an estimated revenue figure of 2.14M for the next ending quarter. Year-ago sales stood 1.87M and 1.73M respectively for this quarter and the next, and analysts expect sales will grow by 79.60% for the current quarter and 34.70% 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 -15.86% over the past 5 years. Earnings growth for 2024 is a modest 38.14% 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 August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.