After finishing at $1.61 in the prior trading day, Virgin Galactic Holdings Inc (NYSE: SPCE) closed at $1.60, down -0.62%. In other words, the price has decreased by -$0.0100 from its previous closing price. On the day, 7551040 shares were traded.
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 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 640.06M and an Enterprise Value of 183.91M. For the stock, the TTM Price-to-Sale (P/S) ratio is 94.13 while its Price-to-Book (P/B) ratio in mrq is 1.27. Its current Enterprise Value per Revenue stands at 27.05 whereas that against EBITDA is -0.39.
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 $1.38. The 50-Day Moving Average of the stock is 2.0114, while the 200-Day Moving Average is calculated to be 2.6445.
Shares Statistics:
The stock has traded on average 9.95M shares per day over the past 3-months and 9.74M shares per day over the last 10 days, according to various share statistics. A total of 399.91M shares are outstanding, with a floating share count of 364.89M. Insiders hold about 8.79% of the company’s shares, while institutions hold 38.99% stake in the company. Shares short for SPCE as of Feb 15, 2024 were 82.12M with a Short Ratio of 8.25, compared to 81.3M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 20.53% and a Short% of Float of 22.36%.
Earnings Estimates
Its stock is currently analyzed by 9 different market analysts. On average, analysts expect EPS of -$0.29 for the current quarter, with a high estimate of -$0.24 and a low estimate of -$0.37, while EPS last year was -$0.57. The consensus estimate for the next quarter is -$0.26, with high estimates of -$0.21 and low estimates of -$0.37.
Analysts are recommending an EPS of between -$0.74 and -$1.35 for the fiscal current year, implying an average EPS of -$1. EPS for the following year is -$0.76, with 9 analysts recommending between -$0.59 and -$1.03.
Revenue Estimates
8 analysts predict $1.99M in revenue for the current quarter. It ranges from a high estimate of $3M to a low estimate of $1.1M. As of the current estimate, Virgin Galactic Holdings Inc’s year-ago sales were $1.16M, an estimated increase of 71.60% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $3.72M, an increase of 98.80% over than the figure of $71.60% in the same quarter last year. There is a high estimate of $13.5M for the next quarter, whereas the lowest estimate is $1.1M.
A total of 8 analysts have provided revenue estimates for SPCE’s current fiscal year. The highest revenue estimate was $7.55M, while the lowest revenue estimate was $3.4M, resulting in an average revenue estimate of $5.31M. In the same quarter a year ago, actual revenue was $6.8M, down -21.90% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $3.06M in the next fiscal year. The high estimate is $6.2M and the low estimate is $500k. The average revenue growth estimate for next year is down -42.40% from the average revenue estimate for this year.
