Virgin Galactic Holdings Inc (NYSE:SPCE) shares, rose in value on Wednesday, February 12, without any change to the previous day’s close as strong demand from buyers drove the stock to $4.10.
Actively observing the price movement in the last trading, the stock closed the session at $4.10, falling within a range of $4.0 and $4.21. The value of beta (5-year monthly) was 1.701. Referring to stock’s 52-week performance, its high was $39.60, and the low was $4.05. On the whole, SPCE has fluctuated by -25.05% over the past month.
With the market capitalization of Virgin Galactic Holdings Inc currently standing at about $118.39 million, investors are eagerly awaiting this quarter’s results, scheduled for in March.
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 100% 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 -14.60% and -28.10% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 27.47, while the 7-day volatility ratio is showing 6.29% which for the 30-day chart, stands at 6.71%. Furthermore, Virgin Galactic Holdings Inc (SPCE)’s beta value is 2.15, and its average true range (ATR) is 0.34.
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 0.00% in last session, and over the past year, it shrunk by -88.55%%.
Data on historical trading for Virgin Galactic Holdings Inc (NYSE:SPCE) indicates that the trading volumes over the past 10 days have averaged 1.65 and over the past 3 months, they’ve averaged 1.95 million. According to company’s latest data on outstanding shares, there are 28.86 million shares outstanding.
Nearly 6.52% of Virgin Galactic Holdings Inc’s shares belong to company insiders and institutional investors own 35.17% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.72 million shares as on 2025-01-31, resulting in a short ratio of 4.49. According to the data, the short interest in Virgin Galactic Holdings Inc (SPCE) stood at 3374.00 of shares outstanding as of 2025-01-31; the number of short shares registered in 2024-12-31 reached 7.87 million. The stock has fallen by -30.27% 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.
