Virgin Galactic Holdings Inc (SPCE) Stock Could Soon Reward Patient Investors

Virgin Galactic Holdings Inc (NYSE: SPCE) is -23.85% lower on its value in year-to-date trading and has touched a low of $1.38 and a high of $6.61 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SPCE stock was last observed hovering at around $2.60 in the last trading session, with the day’s gains setting it 0.05%.

Currently trading at $2.65, the stock is 15.24% and 33.56% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.89 million and changing 1.92% at the moment leaves the stock -13.97% off its SMA200. SPCE registered -28.38% loss for a year compared to 6-month loss of -38.94%. The firm has a 50-day simple moving average (SMA 50) of $98.66 and a 200-day simple moving average (SMA200) of -$0.92.

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The stock witnessed a 26.19% gain in the last 1 month and extending the period to 3 months gives it a 62.58%, and is 7.29% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.68% over the week and 8.18% over the month.

Virgin Galactic Holdings Inc (SPCE) has around 1166 employees, a market worth around $1.06B and $4.86M in sales. Profit margin for the company is -11299.86%. Distance from 52-week low is 92.03% and -59.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-50.55%).

Virgin Galactic Holdings Inc (SPCE) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Virgin Galactic Holdings Inc (SPCE) is a “Hold”. 12 analysts offering their recommendations for the stock have an average rating of 3.33, where 4 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

Virgin Galactic Holdings Inc is expected to release its quarterly report on 02/27/2024.The EPS is expected to grow by 16.46% this year.

Virgin Galactic Holdings Inc (SPCE) Top Institutional Holders

The shares outstanding are 399.71M, and float is at 364.26M with Short Float at 21.92%.

Virgin Galactic Holdings Inc (SPCE) Insider Activity

A total of 22 insider transactions have happened at Virgin Galactic Holdings Inc (SPCE) in the last six months, with sales accounting for 21 and purchases happening 1 times.

Virgin Galactic Holdings Inc (SPCE): Who are the competitors?

The company’s main competitors (and peers) include RTX Corp. (RTX) that is trading -15.36% down over the past 12 months. Boeing Co. (BA) that is 39.00% higher over the same period.