Virgin Galactic Holdings Inc [SPCE] stock prices are up 3.25% to $6.03 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The SPCE shares have gain 3.25% over the last week, with a monthly amount drifted -2.11%, 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.
The stock price of Virgin Galactic Holdings Inc [SPCE] has been fluctuating between $5.26 and $54.60 over the past year. Currently, Wall Street analysts expect the stock to reach $16.2 within the next 12 months. Virgin Galactic Holdings Inc [NYSE: SPCE] shares were valued at $6.03 at the most recent close of the market. An investor can expect a potential return of 168.66% based on the average SPCE price forecast.
Analyzing the SPCE fundamentals
The Virgin Galactic Holdings Inc [NYSE:SPCE] reported sales of 10.74M for trailing twelve months, representing a surge of 125.55%. Gross Profit Margin for this corporation currently stands at -8.94% with Operating Profit Margin at -41.1%, Pretax Profit Margin comes in at -37.61%, and Net Profit Margin reading is -37.64%. To continue investigating profitability, this company’s Return on Assets is posted at -0.38, Equity is -0.84 and Total Capital is -0.5. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.07.
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 5.81 points at the first support level, and at 5.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.16, and for the 2nd resistance point, it is at 6.28.
Ratios To Look Out For
It’s worth pointing out that Virgin Galactic Holdings Inc [NYSE:SPCE]’s Current Ratio is 4.71. On the other hand, the Quick Ratio is 4.63, and the Cash Ratio is 1.2. Considering the valuation of this stock, the price to sales ratio is 15.99, the price to book ratio is 0.37.
