Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The price of Virgin Galactic Holdings Inc (NYSE: SPCE) closed at $4.03 in the last session, down -6.93% from day before closing price of $4.33. In other words, the price has decreased by -$6.93 from its previous closing price. On the day, 12.52 million shares were traded. SPCE stock price reached its highest trading level at $4.72 during the session, while it also had its lowest trading level at $3.935.
Ratios:
We take a closer look at SPCE’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.81 and its Current Ratio is at 3.81. In the meantime, Its Debt-to-Equity ratio is 1.81 whereas as Long-Term Debt/Eq ratio is at 1.79.
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 167546448 and an Enterprise Value of 170811632. For the stock, the TTM Price-to-Sale (P/S) ratio is 30.41 while its Price-to-Book (P/B) ratio in mrq is 0.59. Its current Enterprise Value per Revenue stands at 30.989 whereas that against EBITDA is -0.505.
Stock Price History:
The Beta on a monthly basis for SPCE is 2.31, which has changed by -0.78097826 over the last 52 weeks, in comparison to a change of 0.11936104 over the same period for the S&P500. Over the past 52 weeks, SPCE has reached a high of $23.00, while it has fallen to a 52-week low of $2.18. The 50-Day Moving Average of the stock is 28.32%, while the 200-Day Moving Average is calculated to be -23.44%.
Shares Statistics:
According to the various share statistics, SPCE traded on average about 4.05M shares per day over the past 3-months and 16394440 shares per day over the past 10 days. A total of 39.99M shares are outstanding, with a floating share count of 39.53M. Insiders hold about 4.91% of the company’s shares, while institutions hold 26.90% stake in the company. Shares short for SPCE as of 1745971200 were 10715809 with a Short Ratio of 2.65, compared to 1743379200 on 8673496. Therefore, it implies a Short% of Shares Outstanding of 10715809 and a Short% of Float of 26.299998000000002.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
