Virgin Galactic Holdings Inc. (SPCE) stock is nearly perfect except the valuation

Virgin Galactic Holdings Inc. (NYSE: SPCE) closed the day trading at 5.03 down -0.98% from the previous closing price of $5.08. In other words, the price has decreased by $-0.05 from its previous closing price. On the day, 6261636 shares were traded. SPCE reached its highest trading level at $5.27 during the session, while it also had its lowest trading level at $4.95.

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For a better understanding of SPCE, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.20 and its Current Ratio is at 6.40. In the meantime, Its Debt-to-Equity ratio is 0.64 whereas as Long-Term Debt/Eq ratio is at 0.64.

Upgrades & Downgrades

On August 05, 2022, Truist Downgraded its rating to Sell which previously was Hold and also lowered its target price recommendation from $8 to $5.

On June 21, 2022, Wells Fargo started tracking the stock assigning a Underweight rating and target price of $4.Wells Fargo initiated its Underweight rating on June 21, 2022, with a $4 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 10 when Virgin Investments Ltd sold 15,600,000 shares for $19.25 per share. The transaction valued at 300,300,000 led to the insider holds 30,745,494 shares of the business.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 397.89 while its Price-to-Book (P/B) ratio in mrq is 2.00.

Stock Price History:

Over the past 52 weeks, SPCE has reached a high of $26.50, while it has fallen to a 52-week low of $5.08. The 50-Day Moving Average of the stock is 6.62, while the 200-Day Moving Average is calculated to be 8.45.

Shares Statistics:

Over the past 3-months, SPCE traded about 7.59M shares per day on average, while over the past 10 days, SPCE traded about 8.26M shares per day. A total of 258.59M shares are outstanding, with a floating share count of 207.92M. Insiders hold about 1.20% of the company’s shares, while institutions hold 38.80% stake in the company. Shares short for SPCE as of Jul 14, 2022 were 51.08M with a Short Ratio of 6.31, compared to 51.71M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 19.75% and a Short% of Float of 22.56%.

Earnings Estimates

Current recommendations for the stock of the company come from 10 analysts. On average, analysts expect EPS of $-0.36 for the current quarter, with a high estimate of $-0.31 and a low estimate of $-0.38, while EPS last year was $-0.39. The consensus estimate for the next quarter is $-0.38, with high estimates of $-0.25 and low estimates of $-0.47.

Analysts are recommending an EPS of between $-1.14 and $-1.71 for the fiscal current year, implying an average EPS of $-1.48. EPS for the following year is $-1.18, with 11 analysts recommending between $-0.71 and $-1.54.

Revenue Estimates

Based on 10 analysts’ estimates, the company’s revenue will be $37.3M in the next fiscal year. The high estimate is $71.5M and the low estimate is $22.8M. The average revenue growth estimate for next year is up 2,275.80% from the average revenue estimate for this year.