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The closing price of Virgin Galactic Holdings Inc (NYSE: SPCE) was $3.15 for the day, down -0.63% from the previous closing price of $3.17. In other words, the price has decreased by -$0.63 from its previous closing price. On the day, 4.1 million shares were traded. SPCE stock price reached its highest trading level at $3.29 during the session, while it also had its lowest trading level at $3.11.
Ratios:
Our analysis of SPCE’s different ratios will help us gain a deeper understanding of the company. 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 199080768 and an Enterprise Value of 283673760. For the stock, the TTM Price-to-Sale (P/S) ratio is 119.93 while its Price-to-Book (P/B) ratio in mrq is 0.88. Its current Enterprise Value per Revenue stands at 170.785 whereas that against EBITDA is -0.979.
Stock Price History:
The Beta on a monthly basis for SPCE is 2.21, which has changed by -0.45438898 over the last 52 weeks, in comparison to a change of 0.1877265 over the same period for the S&P500. Over the past 52 weeks, SPCE has reached a high of $6.64, while it has fallen to a 52-week low of $2.18. The 50-Day Moving Average of the stock is -11.88%, while the 200-Day Moving Average is calculated to be -7.12%.
Shares Statistics:
SPCE traded an average of 4.60M shares per day over the past three months and 4452100 shares per day over the past ten days. 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 20.27% stake in the company. Shares short for SPCE as of 1765756800 were 14603301 with a Short Ratio of 3.18, compared to 1763078400 on 12584478. Therefore, it implies a Short% of Shares Outstanding of 14603301 and a Short% of Float of 23.13.
Earnings Estimates
The dynamic stock of Virgin Galactic Holdings Inc (SPCE) is currently being evaluated by a team of 3.0 analysts, each contributing to its current rating.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.
