Virgin Galactic Holdings Inc (SPCE) concluded trading on Wednesday at a closing price of $4.36, with 7.52 million shares of worth about $32.77 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -39.11% during that period and on Wednesday the price saw a gain of about 15.34%. Currently the company’s common shares owned by public are about 35.53M shares, out of which, 33.77M shares are available for trading.
Stock saw a price change of 35.40% in past 5 days and over the past one month there was a price change of -4.39%. Year-to-date (YTD), SPCE shares are showing a performance of -25.85% which decreased to -86.87% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.85 but also hit the highest price of $30.60 during that period. The average intraday trading volume for Virgin Galactic Holdings Inc shares is 1.82 million. The stock is currently trading 19.91% above its 20-day simple moving average (SMA20), while that difference is down -1.59% for SMA50 and it goes to -35.63% lower than SMA200.
Virgin Galactic Holdings Inc (NYSE: SPCE) currently have 35.53M outstanding shares and institutions hold larger chunk of about 37.46% of that.
The stock has a current market capitalization of $154.91M and its 3Y-monthly beta is at 2.01. It has posted earnings per share of -$14.65 in the same period. It has Quick Ratio of 4.19 while making debt-to-equity ratio of 1.53. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SPCE, volatility over the week remained 10.82% while standing at 9.34% over the month.
Stock’s fiscal year EPS is expected to rise by 32.03% while it is estimated to increase by 35.23% in next year. EPS is likely to grow at an annualized rate of 48.93% for next 5-years, compared to annual growth of 8.53% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Truist on January 10, 2024 offering a Hold rating for the stock and assigned a target price range of between $1 and $3 to it. Coverage by Morgan Stanley stated Virgin Galactic Holdings Inc (SPCE) stock as an Underweight in their note to investors on November 22, 2023, suggesting a price target of $1.75 for the stock. Stock get a Sector weight rating from KeyBanc Capital Markets on January 24, 2023.
