In the last trading session, 1.7 million Virgin Galactic Holdings Inc (NYSE:SPCE) shares changed hands as the company’s beta touched 2.15. With the company’s per share price at $4.06 changed hands at -$0.06 or -1.46% during last session, the market valuation stood at $117.24M. SPCE’s last price was a discount, traded about -860.1% off its 52-week high of $38.98. The share price had its 52-week low at $4.00, which suggests the last value was 1.48% up since then.
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 -10.96%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -30.95%, with the 5-day performance at -10.96% in the red. However, in the 30-day time frame, Virgin Galactic Holdings Inc (NYSE:SPCE) is -24.25% down.
The consensus price target for the stock as assigned by Wall Street analysts is 5, meaning bulls need an upside of 18.8% 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 -146.31% plunge from its current level, while the stock would need to tank 26.11% for it to hit the projected low.
Virgin Galactic Holdings Inc (SPCE) estimates and forecasts
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%, but the outlook for the next 5-year period is at 44.43% per year.
SPCE Dividends
Virgin Galactic Holdings Inc is expected to release its next quarterly earnings report in March.
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 $2.42 million under it, the former controlled 2.06% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.96% of the shares, roughly 564.74 shares worth around $2.29 million.
