In the last trading session, 2.99 million Virgin Galactic Holdings Inc (NYSE:SPCE) shares changed hands as the company’s beta touched 2.11. With the company’s per share price at $2.73 changed hands at -$0.13 or -4.55% during last session, the market valuation stood at $113.50M. SPCE’s last price was a discount, traded about -221.98% off its 52-week high of $8.79. The share price had its 52-week low at $2.18, which suggests the last value was 20.15% up since then. When we look at Virgin Galactic Holdings Inc’s average trading volume, we note the 10-day average is 2.48 million shares, with the 3-month average coming to 5.00 million.
Analysts gave the Virgin Galactic Holdings Inc (SPCE) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.75. 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 (NYSE:SPCE) trade information
Instantly SPCE was in red as seen at the end of in last trading. With action -7.46%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -69.26%, with the 5-day performance at -7.46% in the red. However, in the 30-day time frame, Virgin Galactic Holdings Inc (NYSE:SPCE) is -18.99% down. Looking at the short shares, we see there were 12.86 million shares sold at short interest cover period of 1.22 days.
The consensus price target for the stock as assigned by Wall Street analysts is 4, meaning bulls need an upside of 31.75% from its current market value. According to analyst projections, SPCE’s forecast low is 4 with 4 as the target high. To hit the forecast high, the stock’s price needs a -46.52% plunge from its current level, while the stock would need to soar -46.52% for it to hit the projected low.
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 34.51%, but the outlook for the next 5-year period is at 57.90% per year.
SPCE Dividends
Virgin Galactic Holdings Inc is expected to release its next quarterly earnings report on 2025-May-15.
Virgin Galactic Holdings Inc (NYSE:SPCE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.39% of Virgin Galactic Holdings Inc shares while 26.80% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 28.03%. There are 26.80% 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.
