Currently, there are 399.71M common shares owned by the public and among those 364.59M shares have been available to trade.
Insiders at the company have transacted a total of 56 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 19 of these insider trades were purchases, accounting for 1,774,509 shares. Insider sales of the common stock occurred on 37 occasions, with total insider shares sold totaling 256,911 shares.
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The company’s stock has a 5-day price change of -3.21% and -12.98% over the past three months. SPCE shares are trading -26.12% year to date (YTD), with the 12-month market performance down to -69.73% lower. It has a 12-month low price of $1.38 and touched a high of $6.42 over the same period. SPCE has an average intraday trading volume of 10.22 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.45%, -15.40%, and -34.26% respectively.
Institutional ownership of Virgin Galactic Holdings Inc (NYSE: SPCE) shares accounts for 39.01% of the company’s 399.71M shares outstanding.
It has a market capitalization of $723.48M and a beta (3y monthly) value of 1.64. The earnings-per-share (ttm) stands at -$1.86. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.94% over the week and 6.80% over the month.
Analysts forecast that Virgin Galactic Holdings Inc (SPCE) will achieve an EPS of -$0.3 for the current quarter, -$0.28 for the next quarter and -$0.99 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.33 while analysts give the company a high EPS estimate of -$0.26. Comparatively, EPS for the current quarter was -$0.55 a year ago. Earnings per share for the fiscal year are expected to increase by 17.15%, and 36.75% over the next financial year.
Looking at the support for the SPCE, a number of firms have released research notes about the stock. Truist stated their Hold rating for the stock in a research note on January 10, 2024, with the firm’s price target at $1-$3. Morgan Stanley coverage for the Virgin Galactic Holdings Inc (SPCE) stock in a research note released on November 22, 2023 offered a Underweight rating with a price target of $1.75. KeyBanc Capital Markets on their part issued Sector Weight rating on January 24, 2023.
