Virgin Orbit Holdings Inc. (NASDAQ:VORB) does about 410.34K shares in volume on a normal day but saw 375657 shares change hands in Friday trading. The company now has a market cap of 492.34M USD. Its current market price is $1.55, marking a decrease of -1.27% compared to the previous close of $1.57. The 52 week high reached by this stock is $7.59 whilst the lowest price level in 52 weeks is $1.50. The script in recent trading has seen the stock touch a high of $1.58 and a low of $1.51.
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Virgin Orbit Holdings Inc. (VORB) has a 20-day trading average at $1.6675 and the current price is -79.58% off the 52-week high compared with 3.33% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.7966 and its 200-day simple moving average is $3.1718. If we look at the stock’s price movements over the week, volatility stands at 4.91%, which increases to 6.55% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 39.99 to suggest the stock is neutral.
The consensus objective for the share price is $5.33, suggesting that the stock has a potential upside of 70.92% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 12, 2022 when Credit Suisse initiated the stock to “Underperform” and issued a price target of $1.
The current price level is -7.32%, -14.72%, and -51.49% away from its SMA20, SMA50, and SMA200 respectively, with the VORB price moving above the 50-day SMA on February 17. Virgin Orbit Holdings Inc. (VORB) stock is down -6.06% over the week and -5.49% over the past month. Its price is -16.22% year-to-date and -77.95% over the past year.
The company’s next earnings report is expected on 05/10/2023, with forecasts estimating quarterly EPS at -$0.16 and -$0.59 for whole year. Expected sales for next quarter are $25 million, which analysts say will come at $40.07 million for the current fiscal year and next year at $150 million. In addition, estimates put the company’s current quarterly revenue at an average of $10.19 million.
Its 12-month price target is $6.00. To reach the target analysts have set, the stock logically needs to grow 70.92 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $1.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $9.00.
Outstanding shares total 335.42M with insiders holding 79.99% of the shares and institutional holders owning 18.83% of the company’s common stock. The company has a return on investment of -80.30%. Price to book ratio is 5.74 and price to sales ratio is 14.84.
