In the last trading session, 24.64 million Virgin Galactic Holdings Inc (NYSE:SPCE) shares changed hands as the company’s beta touched 2.38. With the company’s per share price at $4.33 changed hands at -$0.47 or -9.79% during last session, the market valuation stood at $180.02M. SPCE’s last price was a discount, traded about -431.18% off its 52-week high of $23.00. The share price had its 52-week low at $2.18, which suggests the last value was 49.65% up since then.
Analysts gave the Virgin Galactic Holdings Inc (SPCE) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.00. 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 -2.19.
Virgin Galactic Holdings Inc (NYSE:SPCE) trade information
Instantly SPCE was in red as seen at the end of in last trading. With action 37.03%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -26.36%, with the 5-day performance at 37.03% in the green. However, in the 30-day time frame, Virgin Galactic Holdings Inc (NYSE:SPCE) is 71.15% up.
The consensus price target for the stock as assigned by Wall Street analysts is 3.5, meaning bulls need a downside of -23.71% from its current 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 7.62% surge from its current level, while the stock would need to tank 30.72% for it to hit the projected low.
Virgin Galactic Holdings Inc (SPCE) estimates and forecasts
Year-over-year growth is forecast to reach -75.84% 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 491.67k. 5 analysts are of the opinion that Virgin Galactic Holdings Inc’s revenue for the current quarter will be 390k. The company’s revenue for the corresponding quarters a year ago was 4.22M and 402k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -88.35%. The estimates for the next quarter sales put growth at -2.99%.
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 36.90%, but the outlook for the next 5-year period is at 57.90% per year.
Virgin Galactic Holdings Inc (NYSE:SPCE)’s Major holders
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 $3.37 million under it, the former controlled 1.87% of total outstanding shares. On the other hand, Federated Hermes MDT Series-Federated Hermes MDT Small Cap Core Fund held about 1.64% of the shares, roughly 682.76 shares worth around $2.96 million.
