In today’s recent session, 0.58 million shares of the Virgin Galactic Holdings Inc (NYSE:SPCE) have been traded, and its beta is 2.15. Most recently the company’s share price was $4.20, and it changed around -$0.09 or -2.10% from the last close, which brings the market valuation of the company to $121.28M. SPCE at last check was trading at a discount to its 52-week high of $39.60, offering almost -842.86% off that amount. The share price’s 52-week low was $4.23, which indicates that the recent value has fallen by an impressive -0.71% since then. We note from Virgin Galactic Holdings Inc’s average daily trading volume that its 10-day average is 2.01 million shares, with the 3-month average coming to 2.02 million.
Virgin Galactic Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.20. If we narrow it down even further, the data shows that 2 out of 9 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended SPCE as a Hold, whereas 2 deemed it a Buy, and 1 rated it as Underweight. Virgin Galactic Holdings Inc is expected to report earnings per share of -3.0 for the current quarter.
Virgin Galactic Holdings Inc (NYSE:SPCE) trade information
Instantly SPCE has been showing red trend so far today with a performance of -2.10% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.81 on recent trading dayincreased the stock’s daily price by 12.68%. The company’s shares are currently down -28.57% year-to-date, but still down -7.89% over the last five days. On the other hand, Virgin Galactic Holdings Inc (NYSE:SPCE) is -28.81% down in the 30-day period. We can see from the shorts that 8.7 million shares have been sold at a short interest cover period of 4.9 day(s).
The consensus price target as assigned by Wall Street analysts is $5, which translates to bulls needing to increase their stock price by 16.0% from its current value. Analyst projections state that SPCE is forecast to be at a low of $3 and a high of $10.
Virgin Galactic Holdings Inc (SPCE) estimates and forecasts
The year-over-year growth rate is expected to be 1.43%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 375k in revenue for the current quarter. 2 analysts expect Virgin Galactic Holdings Inc to make 500k in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.81M and 1.99M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -86.65%. Forecasts for the next quarter put sales growth at -74.81%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -15.86%. Virgin Galactic Holdings Inc earnings are expected to increase by 47.79% in 2025, but the outlook is positive 44.43% per year for the next five years.
SPCE Dividends
Virgin Galactic Holdings Inc’s next quarterly earnings report is expected to be released in March.
Virgin Galactic Holdings Inc (NYSE:SPCE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 6.25% of Virgin Galactic Holdings Inc shares, and 33.98% of them are in the hands of institutional investors. The stock currently has a share float of 36.24%. Virgin Galactic Holdings Inc stock is held by 204.0 institutions, with BREVAN HOWARD CAPITAL MANAGEMENT LP being the largest institutional investor. By 2024-06-30, it held 0.0038% of the shares, which is about 15249.0 shares worth $0.13 million.
IFP ADVISORS, INC, with 0.0001% or 430.0 shares worth $294.0 as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024. The former held 595.18 shares worth $2.5 million, making up 2.06% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 564.74 shares worth around $2.37 million, which represents about 1.96% of the total shares outstanding.
