With 7.36 million shares changed hands, the volume of the stock remained lighter than its average volume of 9.31 million shares. The 52-week range on SPCE shows that it touched its highest point at $6.17 and its lowest point at $1.33 during that stretch. It currently has a 1-year price target of $2.71. Beta for the stock currently stands at 1.60.
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 down-trending over the past week, with a drop of -0.71%, but this was down by -21.91% over a month. Three-month performance dropped to -46.54% while six-month performance fell -17.26%. The stock lost -66.10% in the past year, while it has lost -43.27% so far this year. A look at the trailing 12-month EPS for SPCE yields -1.57 with Next year EPS estimates of -0.73. For the next quarter, that number is -0.29. This implies an EPS growth rate of 34.70% for this year and 25.24% for next year. EPS is expected to grow by 19.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -15.87%.
Float and Shares Shorts:
At present, 399.91 million SPCE shares are outstanding with a float of 364.69 million shares on hand for trading. On Feb 29, 2024, short shares totaled 84.42 million, which was 21.10% higher than short shares on Jan 31, 2024. In addition to SPCE as the firm’s Virgin Galactic Holdings, Inc., SPCX serves as its SPCX.
Institutional Ownership:
Through their ownership of 39.26% 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.
