Virgin Galactic Holdings Inc [NYSE: SPCE] plunged by -$0.84 during the normal trading session on while it closed the day at $6.28.
Virgin Galactic Holdings Inc stock has also loss -4.41% of its value over the past 7 days. However, SPCE stock has inclined by 2.28% in the 3 months of the year. Over the past six months meanwhile, it has lost -69.51% and lost -87.18% year-on date.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for SPCE stock reached $178.87 million, with 28.48 million shares outstanding and 26.72 million shares in the current float. Compared to the average trading volume of 1.33M shares, SPCE reached a trading volume of 4218845 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Virgin Galactic Holdings Inc [SPCE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SPCE shares is $13.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SPCE stock is a recommendation set at 3.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Truist have made an estimate for Virgin Galactic Holdings Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on January 10, 2024. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $4 to $1.75. The new note on the price target was released on November 22, 2023, representing the official price target for Virgin Galactic Holdings Inc stock. Previously, the target price had yet another raise to $4.75, while Alembic Global Advisors analysts kept a Neutral rating on SPCE stock.
The Average True Range (ATR) for Virgin Galactic Holdings Inc is set at 0.50, with the Price to Sales ratio for SPCE stock in the period of the last 12 months amounting to 18.99. The Price to Book ratio for the last quarter was 0.50, with the Price to Cash per share for the same quarter was set at 24.00.
SPCE stock trade performance evaluation
Virgin Galactic Holdings Inc [SPCE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.41. With this latest performance, SPCE shares gained by 2.28% in over the last four-week period, additionally sinking by -69.51% over the last 6 months – not to mention a drop of -81.95% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SPCE stock in for the last two-week period is set at 43.90, with the RSI for the last a single of trading hit 40.27, and the three-weeks RSI is set at 45.50 for Virgin Galactic Holdings Inc [SPCE]. The present Moving Average for the last 50 days of trading for this stock 6.53, while it was recorded at 6.66 for the last single week of trading, and 16.41 for the last 200 days.
Virgin Galactic Holdings Inc [SPCE]: An insightful look at the core fundamentals
Virgin Galactic Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.52 and a Current Ratio set at 4.52.
Earnings per share (EPS) analysis for Virgin Galactic Holdings Inc [SPCE] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SPCE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Virgin Galactic Holdings Inc go to 19.40%.
Virgin Galactic Holdings Inc [SPCE]: Institutional Ownership
There are presently around $26.82%, or 28.50%% of SPCE stock, in the hands of institutional investors. The top three institutional holders of SPCE stocks are: BREVAN HOWARD CAPITAL MANAGEMENT LP with ownership of 15249.0 shares, which is approximately 0.0038%. IFP ADVISORS, INC, holding 430.0 shares of the stock with an approximate value of $$294.0 in SPCE stocks shares; and IFP ADVISORS, INC, currently with $$610.0 in SPCE stock with ownership which is approximately 0.0001%.
