In the latest trading session, 1.71 million Virgin Galactic Holdings Inc (NYSE:SPCE) shares changed hands as the company’s beta touched 1.98. With the company’s most recent per share price at $2.39 changed hands at -$0.35 or -12.77% at last look, the market valuation stands at $84.91M. SPCE’s current price is a discount, trading about -1079.92% off its 52-week high of $28.20. The share price had its 52-week low at $2.53, which suggests the last value was -5.86% down since then. When we look at Virgin Galactic Holdings Inc’s average trading volume, we note the 10-day average is 2.05 million shares, with the 3-month average coming to 2.00 million.
Analysts gave the Virgin Galactic Holdings Inc (SPCE) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.00. 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 -2.55.
Virgin Galactic Holdings Inc (NYSE:SPCE) trade information
Instantly SPCE was in red as seen in intraday trades today. With action -21.12%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -59.35%, with the 5-day performance at -21.12% in the red. However, in the 30-day time frame, Virgin Galactic Holdings Inc (NYSE:SPCE) is -29.91% down. Looking at the short shares, we see there were 11.9 million shares sold at short interest cover period of 7.38 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.5, meaning bulls need an upside of 31.71% from its recent market value. According to analyst projections, SPCE’s forecast low is 3 with 4 as the target high. To hit the forecast high, the stock’s price needs a -67.36% plunge from its current level, while the stock would need to soar -25.52% for it to hit the projected low.
Virgin Galactic Holdings Inc (SPCE) estimates and forecasts
Year-over-year growth is forecast to reach -78.59% down from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 333.33k. 6 analysts are of the opinion that Virgin Galactic Holdings Inc’s revenue for the current quarter will be 475k. The company’s revenue for the corresponding quarters a year ago was 1.99M and 4.22M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -83.21%. The estimates for the next quarter sales put growth at -88.74%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 8.53%. The 2025 estimates are for Virgin Galactic Holdings Inc earnings to increase by 35.49%, but the outlook for the next 5-year period is at 54.52% per year.
Virgin Galactic Holdings Inc (NYSE:SPCE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.73% of Virgin Galactic Holdings Inc shares while 33.01% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 34.65%. There are 33.01% institutions holding the Virgin Galactic Holdings Inc stock share, with WOLVERINE ASSET MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 30.7247% of the shares, roughly 6.6 million SPCE shares worth $55.65 million.
PORTMAN SQUARE CAPITAL LLP holds the second largest percentage of outstanding shares, with 18.0106% or 3.87 million shares worth $1.63 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Federated Hermes MDT Series-Federated Hermes MDT Small Cap Core Fund. With 778.43 shares estimated at $1.97 million under it, the former controlled 2.19% of total outstanding shares. On the other hand, Federated Hermes MDT Series-Federated Hermes MDT Small Cap Core Fund held about 1.92% of the shares, roughly 682.76 shares worth around $1.73 million.
