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.
As of close of business last night, Virgin Galactic Holdings Inc’s stock clocked out at $2.58, up 1.18% from its previous closing price of $2.55. In other words, the price has increased by $1.18 from its previous closing price. On the day, 1.15 million shares were traded. SPCE stock price reached its highest trading level at $2.665 during the session, while it also had its lowest trading level at $2.47.
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 4.19 and its Current Ratio is at 4.19. In the meantime, Its Debt-to-Equity ratio is 1.53 whereas as Long-Term Debt/Eq ratio is at 1.51.
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 91663272 and an Enterprise Value of 22028144. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.02 while its Price-to-Book (P/B) ratio in mrq is 0.26. Its current Enterprise Value per Revenue stands at 3.131 whereas that against EBITDA is -0.061.
Stock Price History:
The Beta on a monthly basis for SPCE is 2.09, which has changed by -0.87352943 over the last 52 weeks, in comparison to a change of 0.059571505 over the same period for the S&P500. Over the past 52 weeks, SPCE has reached a high of $28.20, while it has fallen to a 52-week low of $2.18. The 50-Day Moving Average of the stock is -29.61%, while the 200-Day Moving Average is calculated to be -55.78%.
Shares Statistics:
It appears that SPCE traded 2.04M shares on average per day over the past three months and 2036410 shares per day over the past ten days. A total of 33.00M shares are outstanding, with a floating share count of 31.83M. Insiders hold about 10.41% of the company’s shares, while institutions hold 37.46% stake in the company. Shares short for SPCE as of 1743379200 were 8673496 with a Short Ratio of 4.25, compared to 1740700800 on 10730882. Therefore, it implies a Short% of Shares Outstanding of 8673496 and a Short% of Float of 24.450001.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
