Virgin Galactic Holdings Inc (NYSE: SPCE) is -55.68% lower on its value in year-to-date trading and has touched a low of $2.18 and a high of $8.32 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 $3.05 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $3.12, the stock is 6.79% and -1.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.32 million and changing 2.30% at the moment leaves the stock -33.51% off its SMA200. SPCE registered -46.94% loss for a year compared to 6-month loss of -50.00%. The firm has a 50-day simple moving average (SMA 50) of $3.1822 and a 200-day simple moving average (SMA200) of $4.6926.
The stock witnessed a -8.77% gain in the last 1 month and extending the period to 3 months gives it a 17.74%, and is 11.03% 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 5.42% over the week and 4.85% over the month.
Virgin Galactic Holdings Inc (SPCE) has around 744 employees, a market worth around $129.71M and $5.51M in sales. Profit margin for the company is -5972.70%. Distance from 52-week low is 43.12% and -62.50% 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 30.30% this year.
Virgin Galactic Holdings Inc (SPCE) Top Institutional Holders
208.0 institutions hold shares in Virgin Galactic Holdings Inc (SPCE), with institutional investors hold 28.03% of the company’s shares. The shares outstanding are 41.57M, and float is at 41.00M with Short Float at 27.89%. Institutions hold 26.80% 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.
