Virgin Galactic Holdings Inc (NYSE:SPCE) price on Wednesday, February 05, fall -4.00% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.56.
A look at the stock’s price movement, the close in the last trading session was $4.75, moving within a range at $4.545 and $4.81. The beta value (5-Year monthly) was 1.701. Turning to its 52-week performance, $39.60 and $4.39 were the 52-week high and 52-week low respectively. Overall, SPCE moved -30.17% over the past month.
Virgin Galactic Holdings Inc’s market cap currently stands at around $131.67 million, with investors looking forward to this quarter’s earnings report slated for in March.
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 -11.87% and -23.81% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.64, while 7-day volatility ratio is 6.48% and 6.73% in the 30-day chart. Further, Virgin Galactic Holdings Inc (SPCE) has a beta value of 2.14, and an average true range (ATR) of 0.37. Analysts have given the company’s stock an average 52-week price target of $5, forecast between a low of $3 and high of $10. Looking at the price targets, the low is 34.21% off current price level while to achieve the yearly target high, price needs to move -119.3%. Nonetheless, investors will most likely welcome a -9.65% jump to $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 2.23 over the past 10 days and 2.07 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 32.61% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.7 million on 2025-01-15, giving us a short ratio of 4.9. The data shows that as of 2025-01-15 short interest in Virgin Galactic Holdings Inc (SPCE) stood at 3020.0002 of shares outstanding, with shares short rising to 7.59 million registered in 2024-12-13. Current price change has pushed the stock -22.45% 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.
