Virgin Galactic (NYSE:SPCE - Get Free Report) had its target price decreased by research analysts at The Goldman Sachs Group from $41.00 to $36.00 in a report issued on Monday,Benzinga reports. The firm currently has a "neutral" rating on the stock.
Virgin Galactic Price Performance
NYSE SPCE traded up $0.09 on Monday, hitting $3.49. 1,538,991 shares of the company's stock were exchanged, compared to its average volume of 1,812,661. The stock has a 50-day moving average of $4.92 and a 200-day moving average of $6.02. The stock has a market cap of $100.89 million, a price-to-earnings ratio of -0.20 and a beta of 2.16. The company has a current ratio of 4.52, a quick ratio of 4.52 and a debt-to-equity ratio of 1.15. Virgin Galactic has a 52 week low of $3.27 and a 52 week high of $36.60.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. boosted its holdings in Virgin Galactic by 1,246.5% in the 4th quarter. Federated Hermes Inc. now owns 833,664 shares of the company's stock worth $4,902,000 after buying an additional 771,749 shares during the period. Millennium Management LLC boosted its stake in Virgin Galactic by 62.0% in the fourth quarter. Millennium Management LLC now owns 946,956 shares of the company's stock worth $5,568,000 after buying an additional 362,421 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Virgin Galactic in the 4th quarter worth $715,000. Geode Capital Management LLC lifted its stake in shares of Virgin Galactic by 19.1% in the 4th quarter. Geode Capital Management LLC now owns 605,362 shares of the company's stock valued at $3,561,000 after acquiring an additional 97,274 shares during the last quarter. Finally, MYDA Advisors LLC purchased a new stake in shares of Virgin Galactic during the fourth quarter valued at approximately $432,000. Hedge funds and other institutional investors own 46.62% of the company's stock.
About Virgin Galactic
(
Get Free Report)
Virgin Galactic Holdings, Inc, an aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies. The company engages in the design and development, manufacturing, ground and flight testing, spaceflight operation, and post-flight maintenance of spaceflight systems for private individuals, researchers, and government agencies.
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