Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Virgin Galactic Holdings Inc (NYSE: SPCE) was $1.01 for the day, down -1.94% from the previous closing price of $1.03. In other words, the price has decreased by -$1.94 from its previous closing price. On the day, 20.73 million shares were traded. SPCE stock price reached its highest trading level at $1.05 during the session, while it also had its lowest trading level at $0.941.
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 5.03 and its Current Ratio is at 5.12. In the meantime, Its Debt-to-Equity ratio is 0.97 whereas as Long-Term Debt/Eq ratio is at 0.96.
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:
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 415415040 and an Enterprise Value of 21718414. For the stock, the TTM Price-to-Sale (P/S) ratio is 61.09 while its Price-to-Book (P/B) ratio in mrq is 0.80. Its current Enterprise Value per Revenue stands at 3.194 whereas that against EBITDA is -0.042.
Stock Price History:
Over the past 52 weeks, SPCE has reached a high of $6.17, while it has fallen to a 52-week low of $0.70. The 50-Day Moving Average of the stock is -22.53%, while the 200-Day Moving Average is calculated to be -49.48%.
Shares Statistics:
SPCE traded an average of 14.37M shares per day over the past three months and 27755990 shares per day over the past ten days. A total of 399.91M shares are outstanding, with a floating share count of 374.82M. Insiders hold about 8.87% of the company’s shares, while institutions hold 38.06% stake in the company. Shares short for SPCE as of 1713139200 were 98828176 with a Short Ratio of 6.88, compared to 1710460800 on 84712577. Therefore, it implies a Short% of Shares Outstanding of 98828176 and a Short% of Float of 24.46.
