In today’s recent session, 0.47 million shares of the Virgin Galactic Holdings Inc (NYSE:SPCE) have been traded, and its beta is 1.99. Most recently the company’s share price was $3.99, and it changed around -$0.11 or -2.68% from the last close, which brings the market valuation of the company to $141.76M. SPCE at last check was trading at a discount to its 52-week high of $30.40, offering almost -661.9% off that amount. The share price’s 52-week low was $2.85, which indicates that the recent value has risen by an impressive 28.57% since then. We note from Virgin Galactic Holdings Inc’s average daily trading volume that its 10-day average is 2.88 million shares, with the 3-month average coming to 1.94 million.
Virgin Galactic Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.88. 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 (NYSE:SPCE) trade information
Instantly SPCE has been showing red trend so far today with a performance of -2.68% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.44 on recent trading dayincreased the stock’s daily price by 10.14%. The company’s shares are currently down -32.14% year-to-date, but still up 14.99% over the last five days. On the other hand, Virgin Galactic Holdings Inc (NYSE:SPCE) is -5.90% down in the 30-day period. We can see from the shorts that 10.73 million shares have been sold at a short interest cover period of 6.71 day(s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to increase their stock price by 0.25% 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
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 8.53%. Virgin Galactic Holdings Inc earnings are expected to increase by 32.03% in 2025, but the outlook is positive 48.93% per year for the next five years.
Virgin Galactic Holdings Inc (NYSE:SPCE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.74% of Virgin Galactic Holdings Inc shares, and 33.03% of them are in the hands of institutional investors. The stock currently has a share float of 34.67%. Virgin Galactic Holdings Inc stock is held by 219.0 institutions, with WOLVERINE ASSET MANAGEMENT LLC being the largest institutional investor. By 2024-06-30, it held 30.7247% of the shares, which is about 6.6 million shares worth $55.65 million.
PORTMAN SQUARE CAPITAL LLP, with 18.0106% or 3.87 million shares worth $1.63 million 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 Dec 31, 2024. The former held 778.43 shares worth $3.08 million, making up 2.19% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 702.26 shares worth around $2.78 million, which represents about 1.98% of the total shares outstanding.
