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.
As of close of business last night, Virgin Galactic Holdings Inc’s stock clocked out at $0.86, down -11.74% from its previous closing price of $0.97. In other words, the price has decreased by -$11.74 from its previous closing price. On the day, 39.5 million shares were traded. SPCE stock price reached its highest trading level at $0.9314 during the session, while it also had its lowest trading level at $0.79.
Ratios:
To gain a deeper understanding of SPCE’s stock, we examine its different ratios. 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 342474240 and an Enterprise Value of -39847744. For the stock, the TTM Price-to-Sale (P/S) ratio is 50.36 while its Price-to-Book (P/B) ratio in mrq is 0.68. Its current Enterprise Value per Revenue stands at -5.86 whereas that against EBITDA is 0.078.
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 $0.90. The 50-Day Moving Average of the stock is -43.69%, while the 200-Day Moving Average is calculated to be -60.66%.
Shares Statistics:
It appears that SPCE traded 10.46M shares on average per day over the past three months and 16552020 shares per day over the past ten days. A total of 399.91M shares are outstanding, with a floating share count of 364.57M. Insiders hold about 8.87% of the company’s shares, while institutions hold 38.99% stake in the company. Shares short for SPCE as of 1711584000 were 93694490 with a Short Ratio of 8.96, compared to 1709164800 on 84419539. Therefore, it implies a Short% of Shares Outstanding of 93694490 and a Short% of Float of 25.52.
Earnings Estimates
At present, SPCX analysts are actively evaluating the performance of Virgin Galactic Holdings Inc (SPCE) in the stock market.The consensus estimate for the next quarter is $0.86, with high estimates of $0.22 and low estimates of $20.40.
