Virgin Galactic Holdings Inc (NYSE:SPCE)’s traded shares stood at 2.27 million during the last session, with the company’s beta value hitting 1.74. At the close of trading, the stock’s price was $6.58, to imply a decrease of -7.06% or -$0.5 in intraday trading. The SPCE share’s 52-week high remains $54.60, putting it -729.79% down since that peak but still an impressive 20.06% since price per share fell to its 52-week low of $5.26. The company has a valuation of $190.00M, with an average of 2.55 million shares in intraday trading volume over the past 10 days and average of 1.50 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Virgin Galactic Holdings Inc (SPCE), translating to a mean rating of 3.10. Of 9 analyst(s) looking at the stock, 2 analyst(s) give SPCE a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -3.03.
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Virgin Galactic Holdings Inc (NYSE:SPCE) trade information
After registering a -7.06% downside in the last session, Virgin Galactic Holdings Inc (SPCE) has traded red over the past five days. The 5-day price performance for the stock is 4.78%, and -7.97% over 30 days. With these gigs, the year-to-date price performance is -86.57%. Short interest in Virgin Galactic Holdings Inc (NYSE:SPCE) saw shorts transact 6.9 million shares and set a 5.36 days time to cover.
The extremes give us $3 and $48 for target low and target high price respectively. As such, SPCE has been trading -629.48% off suggested target high and 54.41% from its likely low.
Virgin Galactic Holdings Inc (SPCE) estimates and forecasts
Looking at statistics comparing Virgin Galactic Holdings Inc share performance against respective industry, we note that the company has outperformed competitors. Virgin Galactic Holdings Inc (SPCE) shares are -68.06% down over the last 6 months, with its year-to-date growth rate higher than industry average at 45.78% against 12.90%. Revenue is forecast to grow 39.24% this quarter before jumping 38.90% for the next one. The rating firms project that company’s revenue will grow 1.18% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is 312.5k. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 500k.Earnings reports from the last fiscal year show that sales brought in 2.81M and 1.99M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -88.88% before dropping -74.81% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -15.86% for the past 5-year period. While 2024 is set for a 49.64% return in earnings, projections for the next 5 years are at 19.40% annually.
SPCE Dividends
Virgin Galactic Holdings Inc has its next earnings report out in December. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Virgin Galactic Holdings Inc (NYSE:SPCE)’s Major holders
Virgin Galactic Holdings Inc insiders hold 5.83% of total outstanding shares, with institutional holders owning 26.35% of the shares at 27.98% float percentage. In total, 26.35% institutions holds shares in the company, led by BREVAN HOWARD CAPITAL MANAGEMENT LP. As of 2024-06-30, the company held over 15249.0 shares (or 0.0038% of shares), all amounting to roughly $0.13 million.
The next major institution holding the largest number of shares is IFP ADVISORS, INC with 430.0 shares, or about 0.0001% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $294.0.
