Virgin Galactic Holdings Inc (NYSE: SPCE) on Monday, plunged -4.67% from the previous trading day, before settling in for the closing price of $4.28. Within the past 52 weeks, SPCE’s price has moved between $2.18 and $8.19.
During the last 5-year period, the sales growth of Industrials Sector giant was 8.53%. The company achieved an average annual earnings per share of 54.52%. With a float of $56.79 million, this company’s outstanding shares have now reached $57.59 million.
Virgin Galactic Holdings Inc (SPCE) Insider Activity
Observing investor behavior towards Aerospace & Defense industry stocks is more important than anything else. The insider ownership of Virgin Galactic Holdings Inc is 1.39%, while institutional ownership is 20.42%.
Virgin Galactic Holdings Inc (SPCE) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -2.66 earnings per share (EPS) for the period topping the consensus outlook (set at -4.13) by 1.47. Wall Street market experts anticipate that the next fiscal year will bring earnings of -1.38 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 54.52% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 70.77% during the next five years compared to 8.53% growth over the previous five years of trading.
Virgin Galactic Holdings Inc (NYSE: SPCE) Trading Performance Indicators
Virgin Galactic Holdings Inc (SPCE) is currently performing well based on its current performance indicators. A quick ratio of 3.38 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 138.22.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -9.05, a number that is poised to hit -1.47 in the next quarter and is forecasted to reach -3.93 in one year’s time.
Technical Analysis of Virgin Galactic Holdings Inc (SPCE)
Looking closely at Virgin Galactic Holdings Inc (NYSE: SPCE), its last 5-days average volume was 5.49 million, which is a jump from its year-to-date volume of 3.58 million. As of the previous 9 days, the stock’s Stochastic %D was 82.29%.
During the past 100 days, Virgin Galactic Holdings Inc’s (SPCE) raw stochastic average was set at 35.35%, which indicates a significant decrease from 71.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.30 in the past 14 days, which was higher than the 0.27 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.38, while its 200-day Moving Average is $3.73. However, in the short run, Virgin Galactic Holdings Inc’s stock first resistance to watch stands at $4.30. Second resistance stands at $4.51. The third major resistance level sits at $4.63. If the price goes on to break the first support level at $3.97, it is likely to go to the next support level at $3.85. Should the price break the second support level, the third support level stands at $3.64.
Virgin Galactic Holdings Inc (NYSE: SPCE) Key Stats
Market capitalization of the company is 234.97 million based on 57,591K outstanding shares. Right now, sales total 7,040 K and income totals -346,740 K. The company made 410 K in profit during its latest quarter, and -67,280 K in sales during its previous quarter.
