Top investors say Virgin Galactic Holdings Inc (SPCE) ticks everything they need

With 6.33 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.57 shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $1.8100 whereas the lowest price it dropped to was $1.7200. The 52-week range on SPCE shows that it touched its highest point at $6.42 and its lowest point at $1.38 during that stretch. It currently has a 1-year price target of $2.93. Beta for the stock currently stands at 1.63.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SPCE was up-trending over the past week, with a rise of 2.87%, but this was down by -22.17% over a month. Three-month performance surged to 14.74% while six-month performance fell -44.75%. The stock lost -67.86% in the past year, while it has lost -26.94% so far this year. A look at the trailing 12-month EPS for SPCE yields -1.86 with Next year EPS estimates of -0.99. For the next quarter, that number is -0.30. This implies an EPS growth rate of 17.15% for this year and 36.75% for next year.


Float and Shares Shorts:

At present, 399.71 million SPCE shares are outstanding with a float of 364.57 million shares on hand for trading. On Jan 31, 2024, short shares totaled 79.98 million, which was 20.01% higher than short shares on Dec 29, 2023. In addition to Mr. Michael A. Colglazier as the firm’s CEO, President & Director, Mr. Douglas T. Ahrens serves as its Executive VP, CFO & Treasurer.

Institutional Ownership:

Through their ownership of 35.21% of SPCE’s outstanding shares, institutional investors have minority control over the company.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SPCE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SPCE analysts setting a high price target of $5.00 and a low target of $1.75, the average target price over the next 12 months is $2.93. Based on these targets, SPCE could surge 179.33% to reach the target high and fall by -2.23% to reach the target low. Reaching the average price target will result in a growth of 63.69% from current levels.

Summary of Insider Activity:

Insiders traded SPCE stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 37 over the past year. The total number of shares bought during that period was 1,774,509 while 256,911 shares were sold.