With 0.98 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.85 million shares. The 52-week range on SPCE shows that it touched its highest point at $38.98 and its lowest point at $4.00 during that stretch. It currently has a 1-year price target of $10.86. Beta for the stock currently stands at 2.14.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SPCE was up-trending over the past week, with a rise of 7.56%, but this was down by -14.37% over a month. Three-month performance dropped to -32.98% while six-month performance fell -32.88%. The stock lost -88.52% in the past year, while it has lost -25.00% so far this year. A look at the trailing 12-month EPS for SPCE yields -17.33 with Next year EPS estimates of -10.29. For the next quarter, that number is -3.11. This implies an EPS growth rate of 47.79% for this year and 33.87% for next year. EPS is expected to grow by 44.43% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -15.86%.
Float and Shares Shorts:
At present, 28.86 million SPCE shares are outstanding with a float of 27.11 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SPCE since 9 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$14.25094 being high and -$16.85877 being low. For SPCE, this leads to a yearly average estimate of -$15.5597. Based on analyst estimates, the high estimate for the next quarter is -$2.84 and the low estimate is -$5.66. The average estimate for the next quarter is thus -$4.25.
