In yesterday’s Wall Street session, Virgin Galactic Holdings Inc. (NYSE:SPCE) shares traded at $2.59, up 1.97% from the previous session.
13 analysts cover Virgin Galactic Holdings Inc. (NYSE:SPCE), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $8.00 and a low of $2.50, we find $3.50. Given the previous closing price of $2.54, this indicates a potential upside of 37.8 percent. SPCE stock price is now -31.40% away from the 50-day moving average and -39.96% away from the 200-day moving average. The market capitalization of the company currently stands at $965.84M.
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The stock has received a hold rating from 6 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $4.25 as their price target over the next twelve months.
With the price target maintained at $4.75, Alembic Global Advisors recently Upgraded its rating from Underweight to Neutral for Virgin Galactic Holdings Inc. (NYSE: SPCE).
Insiders disposed of 266,984 shares of company stock worth roughly $0.69 million over the past 1 year. A total of 0.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SPCE stock. A new stake in Virgin Galactic Holdings Inc. shares was purchased by ADAGE CAPITAL PARTNERS GP, L.L.C. during the first quarter worth $3,878,000. AMUNDI invested $259,000 in shares of SPCE during the first quarter. In the first quarter, IMC-CHICAGO, LLC acquired a new stake in Virgin Galactic Holdings Inc. valued at approximately $227,000. MARSHALL WACE, LLP acquired a new stake in SPCE for approximately $214,000. LMR PARTNERS LLP purchased a new stake in SPCE valued at around $109,000 in the second quarter. In total, there are 338 active investors with 37.00% ownership of the company’s stock.
On Monday morning Virgin Galactic Holdings Inc. (NYSE: SPCE) stock kicked off with the opening price of $2.5900. During the past 12 months, Virgin Galactic Holdings Inc. has had a low of $2.46 and a high of $6.61. As of last week, the company has a debt-to-equity ratio of 0.86, a current ratio of 5.50, and a quick ratio of 5.40. The fifty day moving average price for SPCE is $3.7462 and a two-hundred day moving average price translates $4.3016 for the stock.
The latest earnings results from Virgin Galactic Holdings Inc. (NYSE: SPCE) was released for Jun, 2023. According to the Aerospace & Defense Company, earnings per share came in at -$0.46, beating analysts’ expectations of -$0.51 by 0.05. This compares to -$0.43 EPS in the same period last year. The company reported revenue of $1.87 million for the quarter, compared to $0.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 424.09 percent. For the current quarter, analysts expect SPCE to generate $1.07M in revenue.
Virgin Galactic Holdings Inc.(SPCE) Company Profile
Virgin Galactic Holdings, Inc. focuses on the development, manufacture, and operation of spaceships and related technologies for conducting commercial human spaceflight and flying commercial research and development payloads into space. It is also involved in the ground and flight testing, and post-flight maintenance of its spaceflight system vehicles. The company serves private individuals, researchers, and government agencies. Virgin Galactic Holdings, Inc. was founded in 2017 is headquartered in Las Cruces, New Mexico.
