Virgin Galactic Holdings Inc. (NYSE:SPCE) traded at $5.07 at last check on Tuesday, November 22, made an upward move of 0.63% on its previous day’s price.
Looking at the stock we see that its previous close was $5.04 and the beta (5Y monthly) reads 1.18 with the day’s price range being $5.00 – $5.25. In terms of its 52-week price range, SPCE has a high of $17.65 and a low of $4.11. The company’s stock has gained about 13.26% over that past 30 days.
Virgin Galactic Holdings Inc. has a market cap of $1.39 billion and is expected to release its quarterly earnings report on Feb 20, 2023 – Feb 24, 2023. Estimates by analysts give the company expected earnings per share (EPS) of -$0.41, with the EPS growth for the year raised at -$1.59 for 2022 and -$1.34 for next year. These figures represent -11.20% and 15.70% growth in EPS for the two years respectively.
The median projection represents growth adding up to -95.00% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $1.16 million, or -64.80% down from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the SPCE stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Based on estimates by 12 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the Virgin Galactic Holdings Inc. (SPCE) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 3 of them rated it as underweight, whereas 3 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 2.07% off its SMA20 and 2.67% from its 50-day simple moving average. The RSI (14) is pointing at 50.52 while the volatility over the past week is 4.81% and jumps to 6.00% over the past one month. The beta value is 0.84, while the average true range (ATR) is currently pointing at 0.31. The average price target for the stock over the next 12 months is $6.09, with the estimates having a low of $3.00 and a high of $12.00. These price ends are 40.83% and -136.69% off the today’s price level respectively, although investors could be excited at the prospect of a 1.38% if the SPCE share price touches on the median price of $5.00.
Let’s briefly compare Virgin Galactic Holdings Inc. (SPCE) stock to its peers. We find that today’s price change of 0.63% and -70.78% over the past 12 months for SPCE competes that of Raytheon Technologies Corporation (RTX), which has seen its stock price rise 0.75% in the latest trading session and is 12.61% over the last one year. Another of its peers The Boeing Company (BA) has gained 0.56% today, and was -19.24% down over the past year, while AAR Corp. (AIR) is also up 0.69% yet, while its price remains in the green at 26.68% over the same period. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.72% and 0.82%, respectively, in early deals.
Coming back to Virgin Galactic Holdings Inc. (NYSE:SPCE), we note that the average 3-month trading volume was 5.80 million, while that of the preceding 10-day period stands at 5.43 million. Current shares outstanding are 263.91 million.
The insiders hold 1.20% of the company’s shares while institutions hold 37.00%. The data shows that short shares as of Oct 13, 2022, stood at 46.28 million at a short ratio of 8.35. This represents a 17.89% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 48.05 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -62.33% down in year-to-date price movement.