Virgin Galactic Holdings Inc (NYSE: SPCE) is -40.48% lower on its value in year-to-date trading and has touched a low of $2.18 and a high of $18.60 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 $3.22 in the last trading session, with the day’s gains setting it 0.28%.
Currently trading at $3.50, the stock is -0.82% and 13.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.32 million and changing 8.70% at the moment leaves the stock -31.18% off its SMA200. SPCE registered -79.72% loss for a year compared to 6-month loss of -47.45%. The firm has a 50-day simple moving average (SMA 50) of $3.0778 and a 200-day simple moving average (SMA200) of $5.0855.
The stock witnessed a 11.46% gain in the last 1 month and extending the period to 3 months gives it a 18.64%, and is 12.18% 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 6.65% over the week and 10.18% over the month.
Virgin Galactic Holdings Inc (SPCE) has around 744 employees, a market worth around $145.51M and $5.51M in sales. Profit margin for the company is -5972.70%. Distance from 52-week low is 60.55% and -81.18% from its 52-week high. The company has generated returns on investments over the last 12 months (-43.39%).
The EPS is expected to grow by 37.23% this year.
Virgin Galactic Holdings Inc (SPCE) Top Institutional Holders
210.0 institutions hold shares in Virgin Galactic Holdings Inc (SPCE), with institutional investors hold 27.91% of the company’s shares. The shares outstanding are 41.57M, and float is at 41.09M with Short Float at 28.50%. Institutions hold 26.83% 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 SUSQUEHANNA INTERNATIONAL GROUP, LLP which holds 3.29 million shares representing 15.317% and valued at over $27.74 million, while GRAHAM CAPITAL MANAGEMENT, L.P. holds 14.3977 of the shares totaling 3.09 million with a market value of $26.08 million.
