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Virgin Galactic Holdings Inc (SPCE) Stock: Do Analysts Think You Should Sell?

Monday, December 05, 2022 10:37 AM | InvestorsObserver Analysts

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Virgin Galactic Holdings Inc (SPCE) Stock: Do Analysts Think You Should Sell?

InvestorsObserver is giving Virgin Galactic Holdings Inc (SPCE) an Analyst Rating Rank of 3, meaning SPCE is ranked higher by analysts than 3% of stocks. The average price target for SPCE is $6.111 and analyst’s rate the stock as a Hold.

Overall Score - 2.6
Wall Street analysts are rating SPCE a Hold today. Find out what this means to you and get the rest of the rankings on SPCE!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Virgin Galactic Holdings Inc Stock Today?

Virgin Galactic Holdings Inc (SPCE) stock is trading at $5.12 as of 10:25 AM on Monday, Dec 5, a drop of -$0.02, or -0.39% from the previous closing price of $5.14. The stock has traded between $5.04 and $5.18 so far today. Volume today is less active than usual. So far 579,789 shares have traded compared to average volume of 4,875,346 shares. Click Here to get the full Stock Report for Virgin Galactic Holdings Inc stock.

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