Look At Analyst Expectations For A Better Read On Virgin Galactic Holdings Inc (NYSE: SPCE)

Currently, there are 399.91M common shares owned by the public and among those 364.69M shares have been available to trade.

The company’s stock has a 5-day price change of 3.62% and -43.70% over the past three months. SPCE shares are trading -41.63% year to date (YTD), with the 12-month market performance down to -64.60% lower. It has a 12-month low price of $1.33 and touched a high of $6.17 over the same period. SPCE has an average intraday trading volume of 9.20 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 -8.27%, -17.06%, and -40.78% respectively.

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Institutional ownership of Virgin Galactic Holdings Inc (NYSE: SPCE) shares accounts for 39.00% of the company’s 399.91M shares outstanding.

It has a market capitalization of $572.06M and a beta (3y monthly) value of 1.59. The earnings-per-share (ttm) stands at -$1.57. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.55% over the week and 6.61% over the month.

Analysts forecast that Virgin Galactic Holdings Inc (SPCE) will achieve an EPS of -$0.29 for the current quarter, -$0.26 for the next quarter and -$0.74 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.37 while analysts give the company a high EPS estimate of -$0.24. Comparatively, EPS for the current quarter was -$0.57 a year ago. Earnings per share for the fiscal year are expected to increase by 34.70%, and 25.24% over the next financial year. EPS should grow at an annualized rate of 19.40% over the next five years, compared to -15.87% over the past 5-year period.

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.

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