Virgin Galactic Holdings Inc (NYSE:SPCE) currently has a daily average trading volume of 4.54M but it saw 2845553 shares traded in last market. With a market cap of 140.11M USD, the company’s current market price of $3.37 came falling about -1.46 while comparing to the previous closing price of $3.42. In past 52 weeks, the stock remained buoying in the range of price level as high as $20.60 and as low as $2.18.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Truist which upgraded the stock as “Hold” in its note to investors issued on January 10, 2024, recommending a price target of between $1 and $3 for it. Morgan Stanley downgraded its recommendation for the stock as a “Underweight” from “Equal-Weight” on November 22, 2023 while assigning a price target range of $4-$1.75. Alembic Global Advisors also issued its recommendations for the stock as it upgraded the price target for the stock is $4.75.
Over the week, SPCE’s stock price is moving -9.41% down while it is 13.47% when we observe its performance for the past one month. Year-to-date it is -42.69% down and over the past year, the stock is showing a downside performance of -80.33%.
The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of -2.21 while estimate for next year EPS is -8.63. In next quarter, company is expected to be making quarterly sales of $340k as analysts are expecting the sales for current fiscal year at $1.77M and seeing the company making $110.85M in sales next year. Moreover, analysts are in estimates of $450k for current-quarter revenue.
Currently, Virgin Galactic Holdings Inc’s total number of outstanding shares is 39.99M with 3.89% of that held by the insiders while 26.82% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -43.39% and return on equity (ROE) at -95.46%. Stock’s beta reads 2.17. Stock has a price to book (P/B) ratio of 0.50 while price to sale or P/S ratio amounts to 25.43. Its return on asset (ROA) is -33.22% on average.
