Virgin Galactic Holdings Inc (NYSE:SPCE) price on Thursday, January 16, remained unchanged to $5.28.
A look at the stock’s price movement, the close in the last trading session was $5.28, moving within a range at $5.26 and $5.42. The beta value (5-Year monthly) was 1.701. Turning to its 52-week performance, $43.20 and $5.22 were the 52-week high and 52-week low respectively. Overall, SPCE moved -18.52% over the past month.
Virgin Galactic Holdings Inc’s market cap currently stands at around $152.46 million, with investors looking forward to this quarter’s earnings report slated for in February.
The average forecast suggests down to a -86.65% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 6.9M, representing a 1.43% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SPCE is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 3 recommend SPCE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SPCE’s current price about -12.17% and -18.39% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.24, while 7-day volatility ratio is 5.80% and 6.81% in the 30-day chart. Further, Virgin Galactic Holdings Inc (SPCE) has a beta value of 1.76, and an average true range (ATR) of 0.41. Analysts have given the company’s stock an average 52-week price target of $6.5, forecast between a low of $3 and high of $10. Looking at the price targets, the low is 43.18% off current price level while to achieve the yearly target high, price needs to move -89.39%. Nonetheless, investors will most likely welcome a -23.11% jump to $6.5 which is the analysts’ median price.
If we refocus on Virgin Galactic Holdings Inc (NYSE:SPCE), historical trading data shows that trading volumes averaged 1.72 over the past 10 days and 1.87 million over the past 3 months. The company’s latest data on shares outstanding shows there are 28.86 million shares.
The 6.10% of Virgin Galactic Holdings Inc’s shares are in the hands of company insiders while institutional holders own 31.43% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.87 million on 2024-12-31, giving us a short ratio of 4.52. The data shows that as of 2024-12-31 short interest in Virgin Galactic Holdings Inc (SPCE) stood at 2732.0 of shares outstanding, with shares short rising to 6.85 million registered in 2024-11-29. Current price change has pushed the stock -10.20% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SPCE stock continues to rise going into the next quarter.
