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After finishing at $5.81 in the prior trading day, Virgin Galactic Holdings Inc (NYSE: SPCE) closed at $5.47, down -5.85%. In other words, the price has decreased by -$5.85 from its previous closing price. On the day, 2.28 million shares were traded. SPCE stock price reached its highest trading level at $5.69 during the session, while it also had its lowest trading level at $5.2275.
Ratios:
Our goal is to gain a better understanding of SPCE by taking a closer look at its different ratios. 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 157948976 and an Enterprise Value of -216042. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.77 while its Price-to-Book (P/B) ratio in mrq is 0.43. Its current Enterprise Value per Revenue stands at -0.023 whereas that against EBITDA is 0.001.
Stock Price History:
The Beta on a monthly basis for SPCE is 1.75, which has changed by -0.85102564 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. Over the past 52 weeks, SPCE has reached a high of $45.50, while it has fallen to a 52-week low of $5.26. The 50-Day Moving Average of the stock is -16.51%, while the 200-Day Moving Average is calculated to be -47.83%.
Shares Statistics:
The stock has traded on average 1.84M shares per day over the past 3-months and 1760740 shares per day over the last 10 days, according to various share statistics. A total of 28.86M shares are outstanding, with a floating share count of 27.11M. 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 1734048000 were 7591691 with a Short Ratio of 4.29, compared to 1731628800 on 7171674. Therefore, it implies a Short% of Shares Outstanding of 7591691 and a Short% of Float of 26.340000000000003.
