Virgin Galactic Holdings Inc [SPCE] stock is trading at $0.88, down -0.41%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SPCE shares have gain 17.56% over the last week, with a monthly amount drifted -40.28%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Virgin Galactic Holdings Inc [NYSE: SPCE] stock has seen the most recent analyst activity on January 10, 2024, when Truist upgraded its rating to a Hold and also boosted its price target to $3 from $1. Previously, Morgan Stanley downgraded its rating to Underweight on November 22, 2023, and dropped its price target to $1.75. On June 14, 2023, upgrade upgraded it’s rating to Neutral but maintained its price target of $4.75 on the stock. Wolfe Research upgraded its rating to a Peer Perform. KeyBanc Capital Markets initiated its recommendation with a Sector Weight. Morgan Stanley started tracking with a Equal-Weight rating for this stock on January 10, 2023, and assigned it a price target of $4. In a note dated October 11, 2022, Wolfe Research initiated an Underperform rating and provided a target price of $4 on this stock.
Virgin Galactic Holdings Inc [SPCE] stock has fluctuated between $0.70 and $6.17 over the past year. Currently, Wall Street analysts expect the stock to reach $16.75 within the next 12 months. Virgin Galactic Holdings Inc [NYSE: SPCE] shares were valued at $0.88 at the most recent close of the market. An investor can expect a potential return of 1803.41% based on the average SPCE price forecast.
Analyzing the SPCE fundamentals
Virgin Galactic Holdings Inc [NYSE:SPCE] reported sales of 6.80M for the trailing twelve months, which represents a growth of 223.25%. Gross Profit Margin for this corporation currently stands at -6.43% with Operating Profit Margin at -78.16%, Pretax Profit Margin comes in at -73.81%, and Net Profit Margin reading is -73.87%. To continue investigating profitability, this company’s Return on Assets is posted at -0.43, Equity is -1.03 and Total Capital is -0.53. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.93.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.8426 points at the first support level, and at 0.8012 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.9227, and for the 2nd resistance point, it is at 0.9614.
Virgin Galactic Holdings Inc [SPCE] reported earnings per share of -$0.26 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.3/share, meaning a difference of $0.04 and a surprise factor of 13.30%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were -$0.28 per share as compared to estimates of -$0.43 per share, a difference of $0.15 representing a surprise of 34.90%.
Ratios To Look Out For
For context, Virgin Galactic Holdings Inc’s Current Ratio is 5.12. Further, the Quick Ratio stands at 5.03, while the Cash Ratio is 1.17. Considering the valuation of this stock, the price to sales ratio is 53.46, the price to book ratio is 0.70.
