Ratio Analysis: Unpacking Virgin Galactic Holdings Inc (SPCE)’s Price-to-Cash and Price-to-Free Cash Flow

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After finishing at $8.86 in the prior trading day, Virgin Galactic Holdings Inc (NYSE: SPCE) closed at $9.52, up 7.45%. In other words, the price has increased by $7.45 from its previous closing price. On the day, 6.1 million shares were traded. SPCE stock price reached its highest trading level at $9.725 during the session, while it also had its lowest trading level at $8.55.

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 4.78 and its Current Ratio is at 4.88. In the meantime, Its Debt-to-Equity ratio is 1.18 whereas as Long-Term Debt/Eq ratio is at 1.17.

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 195808320 and an Enterprise Value of -76970728. For the stock, the TTM Price-to-Sale (P/S) ratio is 23.34 while its Price-to-Book (P/B) ratio in mrq is 0.46. Its current Enterprise Value per Revenue stands at -9.171 whereas that against EBITDA is 0.167.

Stock Price History:

The Beta on a monthly basis for SPCE is 1.71, which has changed by -0.88502413 over the last 52 weeks, in comparison to a change of 0.26238096 over the same period for the S&P500. Over the past 52 weeks, SPCE has reached a high of $123.37, while it has fallen to a 52-week low of $8.76. The 50-Day Moving Average of the stock is -47.76%, while the 200-Day Moving Average is calculated to be -70.88%.

Shares Statistics:

The stock has traded on average 1.45M shares per day over the past 3-months and 3681855 shares per day over the last 10 days, according to various share statistics. A total of 20.00M shares are outstanding, with a floating share count of 18.83M. Insiders hold about 8.45% of the company’s shares, while institutions hold 40.62% stake in the company. Shares short for SPCE as of 1715731200 were 5246267 with a Short Ratio of 3.60, compared to 1713139200 on 4941408. Therefore, it implies a Short% of Shares Outstanding of 5246267 and a Short% of Float of 25.580000000000002.

Earnings Estimates

Virgin Galactic Holdings Inc (SPCE) is presently subject to a detailed evaluation by 9.0 analysts, each offering their unique perspectives on its market standing.On average, analysts expect EPS of -$4.9 for the current quarter, with a high estimate of -$3.2 and a low estimate of -$5.8, while EPS last year was -$9.2. The consensus estimate for the next quarter is -$4.49, with high estimates of -$3.0 and low estimates of -$6.0.

Analysts are recommending an EPS of between -$14.6 and -$23.4 for the fiscal current year, implying an average EPS of -$18.99. EPS for the following year is -$14.16, with 9.0 analysts recommending between -$8.8 and -$20.6.

Revenue Estimates

7 analysts predict $3.36M in revenue for the current quarter. It ranges from a high estimate of $4M to a low estimate of $2.53M. As of the current estimate, Virgin Galactic Holdings Inc’s year-ago sales were $1.87M

A total of 8 analysts have provided revenue estimates for SPCE’s current fiscal year. The highest revenue estimate was $30.48M, while the lowest revenue estimate was $5M, resulting in an average revenue estimate of $9.14M. In the same quarter a year ago, actual revenue was $6.8MBased on 6 analysts’ estimates, the company’s revenue will be $26.42M in the next fiscal year. The high estimate is $147.5M and the low estimate is $400k.

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