Virgin Galactic Holdings Inc (NYSE:SPCE) has a beta value of 1.73 and has seen 2.85 million shares traded in the last trading session. The company, currently valued at $219.67M, closed the last trade at $7.15 per share which meant it gained $0.43 on the day or 6.40% during that session. The SPCE stock price is -663.64% off its 52-week high price of $54.60 and 26.43% above the 52-week low of $5.26. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.55 million shares traded. The 3-month trading volume is 1.49 million shares.
The consensus among analysts is that Virgin Galactic Holdings Inc (SPCE) is Hold stock at the moment, with a recommendation rating of 3.11. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 9 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -3.0.
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Virgin Galactic Holdings Inc (NYSE:SPCE) trade information
Sporting 6.40% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SPCE stock price touched $7.15 or saw a rise of 4.28%. Year-to-date, Virgin Galactic Holdings Inc shares have moved -85.41%, while the 5-day performance has seen it change 5.61%. Over the past 30 days, the shares of Virgin Galactic Holdings Inc (NYSE:SPCE) have changed 0.00%. Short interest in the company has seen 6.9 million shares shorted with days to cover at 5.36.
Wall Street analysts have a consensus price target for the stock at $10, which means that the shares’ value could jump 28.5% from current levels. The projected low price target is $3.0 while the price target rests at a high of $48.0. In that case, then, we find that the current price level is -571.33% off the targeted high while a plunge would see the stock lose 58.04% from current levels.
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 -58.27% over the past 6 months, with this year growth rate of 45.78%, compared to 12.50% for the industry. Revenue growth from the last financial year stood is estimated to be 1.77%.
5 analysts offering their estimates for the company have set an average revenue estimate of 375k for the current quarter. 2 have an estimated revenue figure of 500k for the next ending quarter. Year-ago sales stood 2.81M and 1.99M respectively for this quarter and the next, and analysts expect sales will shrink by -86.65% for the current quarter and 1.77% 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 50.30% 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 December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Virgin Galactic Holdings Inc (NYSE:SPCE)’s Major holders
Insiders own 5.83% of the company shares, while shares held by institutions stand at 31.42% with a share float percentage of 33.37%. Investors are also buoyed by the number of investors in a company, with Virgin Galactic Holdings Inc having a total of 205.0 institutions that hold shares in the company. The top two institutional holders are BREVAN HOWARD CAPITAL MANAGEMENT LP with over 15249.0 shares worth more than $0.13 million. As of 2024-06-30, BREVAN HOWARD CAPITAL MANAGEMENT LP held 0.0038% of shares outstanding.
The other major institutional holder is IFP ADVISORS, INC, with the holding of over 430.0 shares as of 2024-06-30. The firm’s total holdings are worth over $294.0 and represent 0.0001% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Jun 30, 2024 , the former fund manager holds about 2.06% shares in the company for having 595.18 shares of worth $4.26 million while later fund manager owns 526.18 shares of worth $3.76 million as of Sep 30, 2024 , which makes it owner of about 1.82% of company’s outstanding stock.
