In the last trading session, 1.07 million Virgin Galactic Holdings Inc (NYSE:SPCE) shares changed hands as the company’s beta touched 1.76. With the company’s per share price at $5.32 changed hands at -$0.15 or -2.74% during last session, the market valuation stood at $153.62M. SPCE’s last price was a discount, traded about -712.03% off its 52-week high of $43.20. The share price had its 52-week low at $5.22, which suggests the last value was 1.88% up since then. When we look at Virgin Galactic Holdings Inc’s average trading volume, we note the 10-day average is 1.81 million shares, with the 3-month average coming to 1.86 million.
Analysts gave the Virgin Galactic Holdings Inc (SPCE) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.20. If we narrow down to specifics, the data shows that 2 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended SPCE as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Virgin Galactic Holdings Inc’s EPS for the current quarter is expected to be -3.0.
Virgin Galactic Holdings Inc (NYSE:SPCE) trade information
Instantly SPCE was in red as seen at the end of in last trading. With action -17.26%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -9.52%, with the 5-day performance at -17.26% in the red. However, in the 30-day time frame, Virgin Galactic Holdings Inc (NYSE:SPCE) is -18.03% down. Looking at the short shares, we see there were 7.87 million shares sold at short interest cover period of 4.52 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6.5, meaning bulls need an upside of 18.15% from its current market value. According to analyst projections, SPCE’s forecast low is 3 with 10 as the target high. To hit the forecast high, the stock’s price needs a -87.97% plunge from its current level, while the stock would need to tank 43.61% for it to hit the projected low.
Virgin Galactic Holdings Inc (SPCE) estimates and forecasts
Data shows that the Virgin Galactic Holdings Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -29.54% over the past 6 months, a 45.78% in annual growth rate that is considerably higher than the industry average of 13.20%. Year-over-year growth is forecast to reach 1.43% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 375k. 2 analysts are of the opinion that Virgin Galactic Holdings Inc’s revenue for the current quarter will be 500k. The company’s revenue for the corresponding quarters a year ago was 2.81M and 1.99M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -86.65%. The estimates for the next quarter sales put growth at -74.81%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -15.86%. The 2025 estimates are for Virgin Galactic Holdings Inc earnings to increase by 47.79%.
SPCE Dividends
Virgin Galactic Holdings Inc is expected to release its next quarterly earnings report in February.
Virgin Galactic Holdings Inc (NYSE:SPCE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.83% of Virgin Galactic Holdings Inc shares while 31.42% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 33.36%. There are 31.42% institutions holding the Virgin Galactic Holdings Inc stock share, with BREVAN HOWARD CAPITAL MANAGEMENT LP the top institutional holder. As of 2024-06-30, the company held 0.0038% of the shares, roughly 15249.0 SPCE shares worth $0.13 million.
IFP ADVISORS, INC holds the second largest percentage of outstanding shares, with 0.0001% or 430.0 shares worth $294.0 as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . With 595.18 shares estimated at $3.17 million under it, the former controlled 2.06% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.80% of the shares, roughly 520.47 shares worth around $2.77 million.
