As this happened, Truist upgraded its Virgin Galactic Holdings Inc [SPCE] rating to a Hold from a a Sell in a research note published on January 10, 2024; the price target was increased to $3 from $1. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late November from “an Equal-weight” to “an Underweight”. Alembic Global Advisors also remained covering SPCE and has increased its forecast on June 14, 2023 with a “Neutral” recommendation from previously “an Underweight” rating. Wolfe Research revised its rating on February 17, 2023. It rated SPCE as “a Peer perform” which previously was an “an Underperform”.
Price Performance Review of SPCE
On Monday, Virgin Galactic Holdings Inc [NYSE:SPCE] saw its stock jump 2.93% to $3.16. Over the last five days, the stock has gained 7.12%. Virgin Galactic Holdings Inc shares have fallen nearly -46.26% since the year began. Nevertheless, the stocks have fallen -84.12% over the past one year. While a 52-week high of $28.20 was reached on 01/06/25, a 52-week low of $2.18 was recorded on 04/07/25. SMA at 50 days reached $3.08, while 200 days put it at $5.36.
Levels Of Support And Resistance For SPCE Stock
The 24-hour chart illustrates a support level at 3.10, which if violated will result in even more drops to 3.03. On the upside, there is a resistance level at 3.28. A further resistance level may holdings at 3.39. The Relative Strength Index (RSI) on the 14-day chart is 57.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.00%. Stochastics %K at 85.93% indicates the stock is a selling.
The most recent change occurred on January 24, 2023 when KeyBanc Capital Markets began covering the stock and recommended ‘”a Sector weight”‘ rating .
