SPCE Stock Summary and Trading Ideas (Virgin Galactic Hldgs | NYSE:SPCE)

Virgin Galactic Holdings Inc is a United States-based vertically integrated aerospace company pioneering human spaceflight for private individuals & researchers, and it also manufactures advanced air and space vehicles. Using technologies, the company is developing a spaceflight system designed to offer its customers a multi-day, and transformative experience. This culminates in a spaceflight that includes views of Earth from space and several minutes of weightlessness that will launch from Spaceport America, New Mexico.

Virgin Galactic Hldgs trades on the NYSE stock market under the symbol SPCE.

As of April 23, 2024, SPCE stock price climbed to $0.93 with 40,556,329 million shares trading.

SPCE has a beta of 3.68, meaning it tends to be more sensitive to market movements. SPCE has a correlation of 0.32 to the broad based SPY ETF.

SPCE has a market cap of $371.74 million. This is considered a Small Cap stock.

Last quarter Virgin Galactic Hldgs reported $3 million in Revenue and -$.26 earnings per share. This fell short of revenue expectation by $-181,000 and exceeded earnings estimates by $.04.

In the last 3 years, SPCE stock traded as high as $57.51 and as low as $.70.

The top ETF exchange traded funds that SPCE belongs to (by Net Assets): XAR, VTI, VB, VXF, VBK.

SPCE has underperformed the market in the last year with a price return of -73.5% while the SPY ETF gained +24.0%. SPCE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -54.6% and -21.2%, respectively, while the SPY returned +4.7% and -2.8%, respectively.

SPCE support price is $.71 and resistance is $.79 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPCE stock will trade within this expected range on the day.