The analysts of Truist Securities have recently stated covering Virgin Galactic (NYSE: SPCE) and assigned a price objective of $50 along with the rating of ‘buy’ on 16th March, Tuesday. This indicates a 53.80% potential upside from the previous close of the company.
On Tuesday, the company dropped by $2.29, trading at $32.51. Their lowest in 52 weeks is $9.06 while the highest is $62.80. They had shares 10,748,660 trading hands in comparison to 20,661,033 average volume. Their 50 days rolling average is at $43.78 while the 200 day is at $28.29.
According to their 25th February report, their quarterly EPS was $0.31 that was the same as the $0.31 consensus estimate. Sell-side analysts are anticipating the firm to release an EPS of -1.26 for the ongoing year.
Recent Market Workings Of SPCE Stock
Morgan Stanley raised their price objective of SPCE stock to $30 from $24 and demoted the rating to ‘equal weight’ from ‘overweight’. Alembic Advisors demoted the rating to ‘neutral’ from ‘overweight’ and assigned it $39.
Bank of America upped it to $50 from $35 and gave a rating of ‘buy’. UBS Group decreased it to $40 from $52 and allotted it a rating of ‘neutral’. Cowen upgraded it to $30 from $22 and gave a rating of ‘outperform’. The firm has an average ‘hold’ recommendation with a $34.64 price objective.
Jonathan Campagna, CFO, sold off 7,827 SPCE shares at $35.89 EPS worth $280,911.03. Chamath Palihapitiya, Director, sold off 3,100,000 SPCE shares at $35.28 EPS, worth $173,235,101.76. 14.30% of Virgin Galactic stock is owned by insiders.
Financial Consulting raised their holdings on SPCE stock by approximately 33.2%, owning shares worth $25,000. Financial Engines lifted their stake by nearly 5.1 and own $253,000 worth of shares. Centaurus Financial upgraded its position by nearly 11.5%, owning $152,000 worth of shares. 23.46% own institutional investors.
