Virgin Galactic Holdings Inc (NYSE:SPCE) does about 12.78M shares in volume on a normal day but saw 18137485 shares change hands in Monday trading. The company now has a market cap of 363.55M USD. Its current market price is $0.88, marking a decrease of -0.41% compared to the previous close of $0.89. The 52 week high reached by this stock is $6.17 whilst the lowest price level in 52 weeks is $0.70.
Virgin Galactic Holdings Inc (SPCE) has a 20-day trading average at $1.0376 and the current price is -85.67% off the 52-week high compared with 25.68% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.3855 and its 200-day simple moving average is $2.0721. If we look at the stock’s price movements over the week, volatility stands at 15.51%, which decreases to 10.97% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 33.53 to suggest the stock is neutral.
The consensus objective for the share price is $2.71, suggesting that the stock has a potential upside of 67.53% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 10, 2024 when Truist upgraded the stock to “Hold” and issued a price target of between $1 and $3. Morgan Stanley downgraded the stock to “Underweight” from Equal-Weight on November 22, 2023 at a price target of $4-$1.75. Alembic Global Advisors upgraded its price target at $4.75.
Virgin Galactic Holdings Inc (SPCE) stock is up 17.56% over the week and -40.28% over the past month. Its price is -63.92% year-to-date and -74.82% over the past year.
To reach the target analysts have set, the stock logically needs to grow 67.53 percent from here.
The company has a return on investment of -50.63% and return on equity of -101.93%. The beta has a value of 1.68. Price to book ratio is 0.70 and price to sales ratio is 53.46.
