During the last session, Virgin Galactic Holdings Inc (NYSE:SPCE)’s traded shares were 1.22 million, with the beta value of the company hitting 2.10. At the end of the trading day, the stock’s price was $3.36, reflecting an intraday loss of -3.72% or -$0.13. The 52-week high for the SPCE share is $36.60, that puts it down -989.29 from that peak though still a striking 2.68% gain since the share price plummeted to a 52-week low of $3.27. The company’s market capitalization is $119.37M, and the average trade volume was 1.78 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 2.88. 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 -2.55.
Virgin Galactic Holdings Inc (NYSE:SPCE) trade information
Virgin Galactic Holdings Inc (SPCE) registered a -3.72% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.72% in intraday trading to $3.36, hitting a weekly high. The stock’s 5-day price performance is -12.27%, and it has moved by -29.26% in 30 days. Based on these gigs, the overall price performance for the year is -89.57%.
The consensus price target of analysts on Wall Street is $5, which implies an increase of 32.8% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $10 respectively. As a result, SPCE is trading at a discount of -197.62% off the target high and 10.71% off the low.
Virgin Galactic Holdings Inc (SPCE) estimates and forecasts
In the rating firms’ projections, revenue will decrease -72.20% 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 600k as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 641.67k by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.99M and 4.22M respectively. In this case, analysts expect current quarter sales to shrink by -69.77% and then drop by -84.79% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 8.53%. While earnings are projected to return 32.19% in 2025, the next five years will return 48.93% per annum.
SPCE Dividends
Virgin Galactic Holdings Inc is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
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.
