The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
After finishing at $3.38 in the prior trading day, Virgin Galactic Holdings Inc (NYSE: SPCE) closed at $3.36, down -0.59%. In other words, the price has decreased by -$0.59 from its previous closing price. On the day, 2.73 million shares were traded. SPCE stock price reached its highest trading level at $3.3887 during the session, while it also had its lowest trading level at $3.2.
Ratios:
Our goal is to gain a better understanding of SPCE by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.87 and its Current Ratio is at 2.87. In the meantime, Its Debt-to-Equity ratio is 2.10 whereas as Long-Term Debt/Eq ratio is at 2.06.
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 212352816 and an Enterprise Value of 296945824. For the stock, the TTM Price-to-Sale (P/S) ratio is 127.93 while its Price-to-Book (P/B) ratio in mrq is 0.94. Its current Enterprise Value per Revenue stands at 178.775 whereas that against EBITDA is -1.025.
Stock Price History:
The Beta on a monthly basis for SPCE is 1.98, which has changed by -0.5178317 over the last 52 weeks, in comparison to a change of 0.09654534 over the same period for the S&P500. Over the past 52 weeks, SPCE has reached a high of $7.99, while it has fallen to a 52-week low of $2.18. The 50-Day Moving Average of the stock is -11.19%, while the 200-Day Moving Average is calculated to be -2.21%.
Shares Statistics:
The stock has traded on average 3.98M shares per day over the past 3-months and 2995420 shares per day over the last 10 days, according to various share statistics. A total of 63.17M shares are outstanding, with a floating share count of 62.70M. Insiders hold about 0.80% of the company’s shares, while institutions hold 20.25% stake in the company. Shares short for SPCE as of 1761868800 were 10952523 with a Short Ratio of 2.75, compared to 1759190400 on 9845598. Therefore, it implies a Short% of Shares Outstanding of 10952523 and a Short% of Float of 19.040000000000003.
Earnings Estimates
. The current rating of Virgin Galactic Holdings Inc (SPCE) is the result of assessments by 3.0 analysts actively engaged in evaluating its market dynamics.The consensus estimate for the next quarter is -$0.77, with high estimates of -$0.7 and low estimates of -$0.88.
Analysts are recommending an EPS of between -$4.49 and -$5.81 for the fiscal current year, implying an average EPS of -$5.35. EPS for the following year is -$3.78, with 5.0 analysts recommending between -$2.21 and -$5.5.
Revenue Estimates
For the next quarter, 6 analysts are estimating revenue of $2.75M. There is a high estimate of $5M for the next quarter, whereas the lowest estimate is $500k.
A total of 7 analysts have provided revenue estimates for SPCE’s current fiscal year. The highest revenue estimate was $2.23M, while the lowest revenue estimate was $1.5M, resulting in an average revenue estimate of $1.72M. In the same quarter a year ago, actual revenue was $7.04MBased on 5 analysts’ estimates, the company’s revenue will be $34.06M in the next fiscal year. The high estimate is $56.6M and the low estimate is $14.88M.
