Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
Virgin Galactic Holdings Inc (NYSE: SPCE) closed the day trading at $3.21 down -4.75% from the previous closing price of $3.37. In other words, the price has decreased by -$4.75 from its previous closing price. On the day, 2.77 million shares were traded.
Ratios:
For a better understanding of SPCE, let’s look at its different ratios. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 24.22 while its Price-to-Book (P/B) ratio in mrq is 0.47.
Stock Price History:
Over the past 52 weeks, SPCE has reached a high of $19.54, while it has fallen to a 52-week low of $2.18. The 50-Day Moving Average of the stock is 1.99%, while the 200-Day Moving Average is calculated to be -38.07%.
Shares Statistics:
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 26.94% stake in the company.
Earnings Estimates
The current rating of Virgin Galactic Holdings Inc (SPCE) is the result of assessments by 6.0 analysts actively engaged in evaluating its market dynamics.The consensus estimate for the next quarter is -$2.09, with high estimates of -$1.6 and low estimates of -$2.31.
Analysts are recommending an EPS of between -$6.89 and -$11.02 for the fiscal current year, implying an average EPS of -$8.63. EPS for the following year is -$5.34, with 7.0 analysts recommending between -$2.42 and -$8.65.
Revenue Estimates
A total of 5 analysts have provided revenue estimates for SPCE’s current fiscal year. The highest revenue estimate was $2M, while the lowest revenue estimate was $1.6M, resulting in an average revenue estimate of $1.77M. In the same quarter a year ago, actual revenue was $7.04MBased on 6 analysts’ estimates, the company’s revenue will be $110.85M in the next fiscal year. The high estimate is $204.38M and the low estimate is $22.21M.
