During the last session, Virgin Galactic Holdings Inc (NYSE:SPCE)’s traded shares were 1.04 million, with the beta value of the company hitting 1.74. At the end of the trading day, the stock’s price was $6.68, reflecting an intraday loss of -1.91% or -$0.13. The 52-week high for the SPCE share is $54.60, that puts it down -717.37 from that peak though still a striking 21.26% gain since the share price plummeted to a 52-week low of $5.26. The company’s market capitalization is $192.89M, and the average intraday trading volume over the past 10 days was 2.79 million shares, and the average trade volume was 1.49 million shares over the past three months.
Virgin Galactic Holdings Inc (SPCE) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.11. SPCE has a Sell rating from 2 analyst(s) out of 9 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -3.0.
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Virgin Galactic Holdings Inc (NYSE:SPCE) trade information
Virgin Galactic Holdings Inc (SPCE) registered a -1.91% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.91% in intraday trading to $6.68, hitting a weekly high. The stock’s 5-day price performance is -5.65%, and it has moved by -8.99% in 30 days. Based on these gigs, the overall price performance for the year is -85.16%. The short interest in Virgin Galactic Holdings Inc (NYSE:SPCE) is 6.9 million shares and it means that shorts have 5.36 day(s) to cover.
The consensus price target of analysts on Wall Street is $10, which implies an increase of 33.2% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $48 respectively. As a result, SPCE is trading at a discount of -618.56% off the target high and 55.09% off the low.
Virgin Galactic Holdings Inc (SPCE) estimates and forecasts
Statistics show that Virgin Galactic Holdings Inc has outperformed its competitors in share price, compared to the industry in which it operates. Virgin Galactic Holdings Inc (SPCE) shares have gone down -63.71% during the last six months, with a year-to-date growth rate more than the industry average at 45.78% against 12.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 39.82% this quarter and then jump 15.00% in the quarter after that. In the rating firms’ projections, revenue will increase 1.77% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 375k as predicted by 5 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 500k by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.81M and 1.99M respectively. In this case, analysts expect current quarter sales to shrink by -86.65% and then drop by -74.81% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -15.86%. While earnings are projected to return 50.30% in 2024, the next five years will return 19.40% per annum.
SPCE Dividends
Virgin Galactic Holdings Inc is due to release its next quarterly earnings in December. 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 5.83% of total outstanding shares while institutional holders control 31.38%, with the float percentage being 33.33%. BREVAN HOWARD CAPITAL MANAGEMENT LP is the largest shareholder of the company, while 204.0 institutions own stock in it. As of 2024-06-30, the company held over 15249.0 shares (or 0.0038% of all shares), a total value of $0.13 million in shares.
The next largest institutional holding, with 430.0 shares, is of IFP ADVISORS, INC’s that is approximately 0.0001% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $294.0.
