Virgin Galactic Holdings Inc [SPCE] stock is trading at $3.05, up 4.81%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SPCE shares have gain 7.77% over the last week, with a monthly amount drifted -12.86%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Truist upgraded its rating to Hold on January 10, 2024, and elevated its price target to $3. On November 22, 2023, downgrade downgraded it’s rating to Underweight and revised its price target to $1.75 on the stock. Alembic Global Advisors upgraded its rating to a Neutral but stick to its price target of $4.75 on June 14, 2023. Wolfe Research upgraded its rating to a Peer Perform. In a note dated January 10, 2023, Morgan Stanley initiated an Equal-Weight rating and provided a target price of $4 on this stock.
Virgin Galactic Holdings Inc [SPCE] stock has fluctuated between $2.18 and $8.32 over the past year. Currently, Wall Street analysts expect the stock to reach $4 within the next 12 months. Virgin Galactic Holdings Inc [NYSE: SPCE] shares were valued at $3.05 at the most recent close of the market. An investor can expect a potential return of 31.15% based on the average SPCE price forecast.
Analyzing the SPCE fundamentals
Virgin Galactic Holdings Inc [NYSE:SPCE] reported sales of 5.51M for the trailing twelve months, which represents a drop of -76.78%. Gross Profit Margin for this corporation currently stands at -15.6% with Operating Profit Margin at -64.21%, Pretax Profit Margin comes in at -59.72%, and Net Profit Margin reading is -59.73%. To continue investigating profitability, this company’s Return on Assets is posted at -0.36, Equity is -0.97 and Total Capital is -0.47. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.55.
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 2.94 points at the first support level, and at 2.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.11, and for the 2nd resistance point, it is at 3.18.
Ratios To Look Out For
For context, Virgin Galactic Holdings Inc’s Current Ratio is 3.81. In addition, the Quick Ratio stands at 3.81 and the Cash Ratio stands at 0.98. Considering the valuation of this stock, the price to sales ratio is 23.01, the price to book ratio is 0.45.
