Virgin Galactic Holdings Inc (NYSE: SPCE) is -35.71% lower on its value in year-to-date trading and has touched a low of $2.85 and a high of $33.80 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 $3.47 in the last trading session, with the day’s gains setting it 0.31%.
Currently trading at $3.78, the stock is 3.89% and -15.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.03 million and changing 8.93% at the moment leaves the stock -44.73% off its SMA200. SPCE registered -88.40% loss for a year compared to 6-month loss of -45.92%. The firm has a 50-day simple moving average (SMA 50) of $4.4738 and a 200-day simple moving average (SMA200) of $6.83895.
The stock witnessed a -13.50% gain in the last 1 month and extending the period to 3 months gives it a -40.85%, and is 25.17% 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 10.37% over the week and 8.87% over the month.
Virgin Galactic Holdings Inc (SPCE) has around 744 employees, a market worth around $134.30M and $7.04M in sales. Profit margin for the company is -4928.08%. Distance from 52-week low is 32.63% and -88.82% 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 32.03% this year.
Virgin Galactic Holdings Inc (SPCE) Top Institutional Holders
219.0 institutions hold shares in Virgin Galactic Holdings Inc (SPCE), with institutional investors hold 34.67% of the company’s shares. The shares outstanding are 35.53M, and float is at 33.77M with Short Float at 31.78%. Institutions hold 33.03% of the Float.
The top institutional shareholder in the company is WOLVERINE ASSET MANAGEMENT LLC with over 6.6 million shares valued at $55.65 million. The investor’s holdings represent 30.7247% of the SPCE Shares outstanding. As of 2024-06-30, the second largest holder is PORTMAN SQUARE CAPITAL LLP with 3.87 million shares valued at $1.63 million to account for 18.0106 of the shares outstanding. The other top investors are GRAHAM CAPITAL MANAGEMENT, L.P. which holds 3.09 million shares representing 14.3977% and valued at over $26.08 million, while CAPTION MANAGEMENT, LLC holds 6.395 of the shares totaling 1.37 million with a market value of $11.58 million.
Virgin Galactic Holdings Inc (SPCE) Insider Activity
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