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In the latest session, Virgin Galactic Holdings Inc (NYSE: SPCE) closed at $7.09 down -4.83% from its previous closing price of $7.45. In other words, the price has decreased by -$4.83 from its previous closing price. On the day, 1.69 million shares were traded. SPCE stock price reached its highest trading level at $7.58 during the session, while it also had its lowest trading level at $7.09.
Ratios:
For a deeper understanding of Virgin Galactic Holdings Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.78 and its Current Ratio is at 4.88. In the meantime, Its Debt-to-Equity ratio is 1.18 whereas as Long-Term Debt/Eq ratio is at 1.17.
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 145827840 and an Enterprise Value of -126951200. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.38 while its Price-to-Book (P/B) ratio in mrq is 0.34. Its current Enterprise Value per Revenue stands at -15.126 whereas that against EBITDA is 0.275.
Stock Price History:
Over the past 52 weeks, SPCE has reached a high of $86.40, while it has fallen to a 52-week low of $6.22. The 50-Day Moving Average of the stock is -42.76%, while the 200-Day Moving Average is calculated to be -75.49%.
Shares Statistics:
For the past three months, SPCE has traded an average of 2.21M shares per day and 2556290 over the past ten days. A total of 20.00M shares are outstanding, with a floating share count of 18.82M. Insiders hold about 8.49% of the company’s shares, while institutions hold 40.66% stake in the company. Shares short for SPCE as of 1721001600 were 5949568 with a Short Ratio of 2.69, compared to 1718323200 on 5671884. Therefore, it implies a Short% of Shares Outstanding of 5949568 and a Short% of Float of 29.01.
Earnings Estimates
Virgin Galactic Holdings Inc (SPCE) is currently under the scrutiny of 8.0 analysts, each contributing to the ongoing evaluation of its stock.On average, analysts expect EPS of -$4.92 for the current quarter, with a high estimate of -$3.19 and a low estimate of -$5.8, while EPS last year was -$9.2. The consensus estimate for the next quarter is -$4.48, with high estimates of -$3.0 and low estimates of -$6.0.
Analysts are recommending an EPS of between -$14.55 and -$23.4 for the fiscal current year, implying an average EPS of -$19.17. EPS for the following year is -$13.63, with 9.0 analysts recommending between -$8.8 and -$20.6.
Revenue Estimates
A total of 7 analysts believe the company’s revenue will be $3.36M this quarter.It ranges from a high estimate of $4M to a low estimate of $2.53M. As of the current estimate, Virgin Galactic Holdings Inc’s year-ago sales were $1.87M
A total of 8 analysts have provided revenue estimates for SPCE’s current fiscal year. The highest revenue estimate was $30.48M, while the lowest revenue estimate was $5.2M, resulting in an average revenue estimate of $9.16M. In the same quarter a year ago, actual revenue was $6.8MBased on 6 analysts’ estimates, the company’s revenue will be $24.7M in the next fiscal year. The high estimate is $137.2M and the low estimate is $400k.
