Virgin Galactic Holdings Inc (NYSE:SPCE) shares, rose in value, with the stock price down by -1.09% to the previous day’s close as strong demand from buyers drove the stock to $0.86.
Actively observing the price movement in the last trading, the stock closed the session at $0.87. The value of beta (5-year monthly) was 1.71. Referring to stock’s 52-week performance, its high was $6.17, and the low was $0.70. On the whole, SPCE has fluctuated by -38.10% over the past month.
With the market capitalization of Virgin Galactic Holdings Inc currently standing at about $353.88 million, investors are eagerly awaiting this quarter’s results, scheduled for May 07, 2024 – May 13, 2024.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SPCE’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SPCE currently trading nearly -23.49% and -40.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.39, while the 7-day volatility ratio is showing 19.83% which for the 30-day chart, stands at 10.87%. Furthermore, Virgin Galactic Holdings Inc (SPCE)’s beta value is 1.69, and its average true range (ATR) is 0.12.
A comparison of Virgin Galactic Holdings Inc (SPCE) with its peers suggests the former has fared considerably weaker in the market. SPCE showed an intraday change of -1.09% in last session, and over the past year, it shrunk by -72.77%%.
Data on historical trading for Virgin Galactic Holdings Inc (NYSE:SPCE) indicates that the trading volumes over the past 3 months, they’ve averaged 12.36 million. According to company’s latest data on outstanding shares, there are 399.91 million shares outstanding.
Nearly 8.87% of Virgin Galactic Holdings Inc’s shares belong to company insiders and institutional investors own 37.92% of the company’s shares. The stock has fallen by -64.88% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SPCE stock heading into the next quarter.
