Virgin Galactic Holdings Inc (NYSE: SPCE) is -40.65% lower on its value in year-to-date trading and has touched a low of $3.27 and a high of $36.60 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 $3.40 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $3.49, the stock is -14.99% and -29.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.54 million and changing 2.65% at the moment leaves the stock -53.83% off its SMA200. SPCE registered -89.67% loss for a year compared to 6-month loss of -47.83%.
The stock witnessed a -23.46% gain in the last 1 month and extending the period to 3 months gives it a -52.19%, and is -9.11% down 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 11.38% over the week and 7.37% over the month.
Virgin Galactic Holdings Inc (SPCE) has around 744 employees, a market worth around $124.00M and $7.04M in sales. Profit margin for the company is -4928.08%. Distance from 52-week low is 6.73% and -90.46% from its 52-week high. The company has generated returns on investments over the last 12 months (-42.82%).
The EPS is expected to grow by 35.64% this year
The shares outstanding are 35.53M, and float is at 33.36M with Short Float at 29.44%.
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.
Virgin Galactic Holdings Inc (SPCE): Who are the competitors?
One of the company’s main competitors (and peers) include RTX Corp. (RTX) that is trading 43.63% up over the past 12 months.Boeing Co. (BA) lies in the list of competitors of the Virgin Galactic Holdings Inc and is -18.83% lower over the same period from SPCEAAR Corp. (AIR) is -2.03% down on the 1-year trading charts.
