Virgin Galactic Holdings Inc (NYSE:SPCE) shares, rose in value on Thursday, January 02, with the stock price up by 3.15% to the previous day’s close as strong demand from buyers drove the stock to $6.07.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.88, falling within a range of $5.9 and $6.1. The value of beta (5-year monthly) is 1.701. Referring to stock’s 52-week performance, its high was $50.80, and the low was $5.26. On the whole, SPCE has fluctuated by -13.60% over the past month.
With the market capitalization of Virgin Galactic Holdings Inc currently standing at about $175.13 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Wall Street analysts also predicted that the company’s y-o-y revenues would reach 375k.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SPCE’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of SPCE currently trading nearly -4.04% and -9.46% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.14, while the 7-day volatility ratio is showing 7.03% which for the 30-day chart, stands at 6.45%. Furthermore, Virgin Galactic Holdings Inc (SPCE)’s beta value is 1.71, and its average true range (ATR) is 0.44.
A comparison of Virgin Galactic Holdings Inc (SPCE) with its peers suggests the former has fared considerably weaker in the market. SPCE showed an intraday change of 3.15% in today’s session so far, and over the past year, it shrunk by -87.20%%.
Data on historical trading for Virgin Galactic Holdings Inc (NYSE:SPCE) indicates that the trading volumes over the past 10 days have averaged 1.76 and over the past 3 months, they’ve averaged 1.74 million. According to company’s latest data on outstanding shares, there are 28.86 million shares outstanding.
Nearly 6.11% of Virgin Galactic Holdings Inc’s shares belong to company insiders and institutional investors own 31.39% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.59 million shares as on 2024-12-13, resulting in a short ratio of 4.02. According to the data, the short interest in Virgin Galactic Holdings Inc (SPCE) stood at 2634.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 7.17 million. The stock has risen by 3.15% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SPCE stock heading into the next quarter.
