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Virgin Galactic Holdings Inc (NYSE: SPCE) closed the day trading at $3.02 down -6.79% from the previous closing price of $3.24. In other words, the price has decreased by -$6.79 from its previous closing price. On the day, 9.5 million shares were traded. SPCE stock price reached its highest trading level at $3.31 during the session, while it also had its lowest trading level at $2.92.
Ratios:
For a better understanding of SPCE, let’s 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 190864736 and an Enterprise Value of 275457728. For the stock, the TTM Price-to-Sale (P/S) ratio is 114.98 while its Price-to-Book (P/B) ratio in mrq is 0.84. Its current Enterprise Value per Revenue stands at 165.838 whereas that against EBITDA is -0.95.
Stock Price History:
The Beta on a monthly basis for SPCE is 2.02, which has changed by -0.5068493 over the last 52 weeks, in comparison to a change of 0.12838376 over the same period for the S&P500. Over the past 52 weeks, SPCE has reached a high of $6.82, while it has fallen to a 52-week low of $2.18. The 50-Day Moving Average of the stock is -21.54%, while the 200-Day Moving Average is calculated to be -11.49%.
Shares Statistics:
Over the past 3-months, SPCE traded about 4.38M shares per day on average, while over the past 10 days, SPCE traded about 4912540 shares per day. A total of 63.17M shares are outstanding, with a floating share count of 62.74M. Insiders hold about 0.73% of the company’s shares, while institutions hold 20.25% stake in the company. Shares short for SPCE as of 1764288000 were 13924872 with a Short Ratio of 3.18, compared to 1761868800 on 10952523. Therefore, it implies a Short% of Shares Outstanding of 13924872 and a Short% of Float of 22.06.
Earnings Estimates
The market rating of Virgin Galactic Holdings Inc (SPCE) is currently shaped by the ongoing analysis conducted by 3.0 analysts closely monitoring its performance.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 -$3.57 and -$5.69 for the fiscal current year, implying an average EPS of -$4.9. EPS for the following year is -$4.19, with 4.0 analysts recommending between -$2.61 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.
