Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of Virgin Galactic Holdings Inc (NYSE: SPCE) was $5.49 for the day, up 6.60% from the previous closing price of $5.15. In other words, the price has increased by $6.60 from its previous closing price. On the day, 5.16 million shares were traded. SPCE stock price reached its highest trading level at $5.71 during the session, while it also had its lowest trading level at $5.1.
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:
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 158526496 and an Enterprise Value of 361467. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.83 while its Price-to-Book (P/B) ratio in mrq is 0.43. Its current Enterprise Value per Revenue stands at 0.038 whereas that against EBITDA is -0.001.
Stock Price History:
Over the past 52 weeks, SPCE has reached a high of $43.20, while it has fallen to a 52-week low of $5.06. The 50-Day Moving Average of the stock is -14.44%, while the 200-Day Moving Average is calculated to be -44.66%.
Shares Statistics:
SPCE traded an average of 1.88M shares per day over the past three months and 1759770 shares per day over the past ten days. 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 31.43% stake in the company. Shares short for SPCE as of 1735603200 were 7871959 with a Short Ratio of 4.19, compared to 1732838400 on 6854279. Therefore, it implies a Short% of Shares Outstanding of 7871959 and a Short% of Float of 27.32.
Earnings Estimates
Current recommendations for the stock of the company come from 6.0 analysts. The consensus estimate for the next quarter is -$4.25, with high estimates of -$2.84 and low estimates of -$5.66.
Analysts are recommending an EPS of between -$14.24 and -$15.94 for the fiscal current year, implying an average EPS of -$14.82. EPS for the following year is -$9.36, with 8.0 analysts recommending between -$2.36 and -$13.4.
Revenue Estimates
A total of 7 analysts have provided revenue estimates for SPCE’s current fiscal year. The highest revenue estimate was $7M, while the lowest revenue estimate was $6.6M, resulting in an average revenue estimate of $6.9M. In the same quarter a year ago, actual revenue was $6.8M
