In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of Virgin Galactic Holdings Inc (NYSE: SPCE) was $4.06 for the day, down -1.46% from the previous closing price of $4.12. In other words, the price has decreased by -$1.46 from its previous closing price. On the day, 1.7 million shares were traded.
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 4.52 and its Current Ratio is at 4.52. In the meantime, Its Debt-to-Equity ratio is 1.35 whereas as Long-Term Debt/Eq ratio is at 1.33.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Truist on January 10, 2024, Upgraded its rating to Hold and sets its target price to $3 from $1 previously.
On November 22, 2023, Morgan Stanley Downgraded its rating to Underweight which previously was Equal-Weight and also lowered its target price recommendation from $4 to $1.75.
Alembic Global Advisors Upgraded its Underweight to Neutral on June 14, 2023, while the target price for the stock was maintained at $4.75.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 12.45 while its Price-to-Book (P/B) ratio in mrq is 0.32.
Stock Price History:
Over the past 52 weeks, SPCE has reached a high of $38.98, while it has fallen to a 52-week low of $4.00. The 50-Day Moving Average of the stock is -23.71%, while the 200-Day Moving Average is calculated to be -49.78%.
Shares Statistics:
A total of 28.86M shares are outstanding, with a floating share count of 27.12M. Insiders hold about 6.10% of the company’s shares, while institutions hold 46.10% stake in the company.
