With 0.95 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.77 million shares. The 52-week range on SPCE shows that it touched its highest point at $36.60 and its lowest point at $3.27 during that stretch. It currently has a 1-year price target of $10.90. Beta for the stock currently stands at 2.09.
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 down-trending over the past week, with a drop of -10.26%, but this was down by -25.22% over a month. Three-month performance dropped to -49.03% while six-month performance fell -45.79%. The stock lost -89.34% in the past year, while it has lost -42.01% so far this year. A look at the trailing 12-month EPS for SPCE yields -14.65 with Next year EPS estimates of -5.70. For the next quarter, that number is -2.68. This implies an EPS growth rate of 32.19% for this year and 39.44% for next year. EPS is expected to grow by 48.93% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 8.53%.
Float and Shares Shorts:
At present, 35.53 million SPCE shares are outstanding with a float of 33.77 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 -$2.1 and the low estimate is -$2.7. The average estimate for the next quarter is thus -$2.43.
