Virgin Galactic Holdings Inc (NYSE: SPCE) is 0.34% higher on its value in year-to-date trading and has touched a low of $5.26 and a high of $48.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SPCE stock was last observed hovering at around $6.24 in the last trading session, with the day’s loss setting it -0.34%.
Currently trading at $5.90, the stock is -5.97% and -10.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.1 million and changing -5.45% at the moment leaves the stock -44.87% off its SMA200. SPCE registered -87.45% loss for a year compared to 6-month loss of -16.43%. The firm has a 50-day simple moving average (SMA 50) of $6.6508 and a 200-day simple moving average (SMA200) of $10.8108.
The stock witnessed a -8.95% gain in the last 1 month and extending the period to 3 months gives it a -4.38%, and is 0.34% 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 6.44% over the week and 6.50% over the month.
Virgin Galactic Holdings Inc (SPCE) has around 805 employees, a market worth around $170.37M and $9.42M in sales. Profit margin for the company is -3975.27%. Distance from 52-week low is 12.06% and -87.86% from its 52-week high. The company has generated returns on investments over the last 12 months (-43.86%).
The EPS is expected to grow by 50.33% this year
203.0 institutions hold shares in Virgin Galactic Holdings Inc (SPCE), with institutional investors hold 33.36% of the company’s shares. The shares outstanding are 28.86M, and float is at 27.11M with Short Float at 28.00%. Institutions hold 31.42% of the Float.
The top institutional shareholder in the company is BREVAN HOWARD CAPITAL MANAGEMENT LP with over 15249.0 shares valued at $0.13 million. The investor’s holdings represent 0.0038 of the SPCE Shares outstanding. As of 2024-06-30, the second largest holder is IFP ADVISORS, INC with 430.0 shares valued at $294.0 to account for 0.0001 of the shares outstanding. The other top investors are MATHER GROUP, LLC. which holds 412.0 shares representing 0.0001 and valued at over $610.0, while ADVISOR GROUP HOLDINGS, INC. holds 0.0001 of the shares totaling 300.0 with a market value of $204.0.
