Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
In the latest session, Virgin Galactic Holdings Inc (NYSE: SPCE) closed at $3.5 down -4.37% from its previous closing price of $3.66. In other words, the price has decreased by -$4.37 from its previous closing price. On the day, 3.04 million shares were traded. SPCE stock price reached its highest trading level at $3.675 during the session, while it also had its lowest trading level at $3.5.
Ratios:
For a deeper understanding of Virgin Galactic Holdings Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.38 and its Current Ratio is at 3.38. In the meantime, Its Debt-to-Equity ratio is 1.83 whereas as Long-Term Debt/Eq ratio is at 1.81.
On January 10, 2024, Truist Upgraded its rating to Hold which previously was Sell and also upped its target price recommendation from $1 to $3.
Morgan Stanley Downgraded its Equal-Weight to Underweight on November 22, 2023, whereas the target price for the stock was revised from $4 to $1.75.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SPCE now has a Market Capitalization of 201568368 and an Enterprise Value of 215912384. For the stock, the TTM Price-to-Sale (P/S) ratio is 118.57 while its Price-to-Book (P/B) ratio in mrq is 0.74. Its current Enterprise Value per Revenue stands at 127.157 whereas that against EBITDA is -0.708.
Stock Price History:
The Beta on a monthly basis for SPCE is 1.98, which has changed by -0.48595506 over the last 52 weeks, in comparison to a change of 0.15566266 over the same period for the S&P500. Over the past 52 weeks, SPCE has reached a high of $8.19, while it has fallen to a 52-week low of $2.18. The 50-Day Moving Average of the stock is -4.94%, while the 200-Day Moving Average is calculated to be -0.79%.
Shares Statistics:
For the past three months, SPCE has traded an average of 3.98M shares per day and 4140320 over the past ten days. A total of 57.59M shares are outstanding, with a floating share count of 56.85M. Insiders hold about 1.29% of the company’s shares, while institutions hold 20.71% stake in the company. Shares short for SPCE as of 1760486400 were 10443300 with a Short Ratio of 2.62, compared to 1757894400 on 10792832. Therefore, it implies a Short% of Shares Outstanding of 10443300 and a Short% of Float of 18.16.
Earnings Estimates
The stock of Virgin Galactic Holdings Inc (SPCE) is currently in the spotlight, with 4.0 analysts actively rating and assessing its market standing.The consensus estimate for the next quarter is -$1.38, with high estimates of -$1.2 and low estimates of -$1.6.
Analysts are recommending an EPS of between -$5.13 and -$6.97 for the fiscal current year, implying an average EPS of -$6.08. EPS for the following year is -$4.71, with 6.0 analysts recommending between -$2.21 and -$7.97.
Revenue Estimates
A total of 6 analysts have provided revenue estimates for SPCE’s current fiscal year. The highest revenue estimate was $2M, while the lowest revenue estimate was $1.6M, resulting in an average revenue estimate of $1.76M. In the same quarter a year ago, actual revenue was $7.04MBased on 4 analysts’ estimates, the company’s revenue will be $44.22M in the next fiscal year. The high estimate is $82M and the low estimate is $23.02M.
