Currently, there are 39.99M common shares owned by the public and among those 39.53M shares have been available to trade.
The company’s stock has a 5-day price change of 56.35% and 9.84% over the past three months. SPCE shares are trading -18.37% year to date (YTD), with the 12-month market performance down to -81.10% lower. It has a 12-month low price of $2.18 and touched a high of $23.00 over the same period. SPCE has an average intraday trading volume of 1.92 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 57.20%, 54.81%, and -9.26% respectively.
Institutional ownership of Virgin Galactic Holdings Inc (NYSE: SPCE) shares accounts for 27.96% of the company’s 39.99M shares outstanding.
It has a market capitalization of $199.56M and a beta (3y monthly) value of 2.16. The earnings-per-share (ttm) stands at -$11.94. Price movements for the stock have been influenced by the stock’s volatility, which stands at 22.42% over the week and 10.27% over the month.
Earnings per share for the fiscal year are expected to increase by 38.64%, and 36.40% over the next financial year. EPS should grow at an annualized rate of 54.52% over the next five years, compared to 8.53% 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.
