Virgin Galactic Holdings Inc (NYSE: SPCE) is -30.27% lower on its value in year-to-date trading and has touched a low of $2.85 and a high of $30.40 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 $4.26 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $4.10, the stock is 13.24% and -5.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.93 million and changing -3.76% at the moment leaves the stock -38.23% off its SMA200. SPCE registered -85.36% loss for a year compared to 6-month loss of -37.78%. The firm has a 50-day simple moving average (SMA 50) of $4.3442 and a 200-day simple moving average (SMA200) of $6.63735.
The stock witnessed a -7.45% gain in the last 1 month and extending the period to 3 months gives it a -37.60%, and is 26.93% 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 10.69% over the week and 9.65% over the month.
Virgin Galactic Holdings Inc (SPCE) has around 744 employees, a market worth around $145.67M and $7.04M in sales. Profit margin for the company is -4928.08%. Distance from 52-week low is 43.86% and -86.51% from its 52-week high. The company has generated returns on investments over the last 12 months (-42.82%).
with sales reaching $333.33k over the same period.The EPS is expected to grow by 32.03% this year, but quarterly earnings will post -79.30% year-over-year. Quarterly sales are estimated to shrink -83.21% in year-over-year returns.
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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