At the time of writing, Virgin Galactic Holdings Inc [SPCE] stock is trading at $3.74, down -0.27%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SPCE shares have gain 15.08% over the last week, with a monthly amount glided 12.99%, and 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.
For the past year, the stock price of Virgin Galactic Holdings Inc fluctuated between $2.18 and $8.19. Currently, Wall Street analysts expect the stock to reach $211.09 within the next 12 months. Virgin Galactic Holdings Inc [NYSE: SPCE] shares were valued at $3.74 at the most recent close of the market. An investor can expect a potential return of 5544.12% based on the average SPCE price forecast.
Analyzing the SPCE fundamentals
According to Virgin Galactic Holdings Inc [NYSE:SPCE], the company’s sales were 1.70M for trailing twelve months, which represents an -90.38% plunge. Gross Profit Margin for this corporation currently stands at -43.27% with Operating Profit Margin at -189.68%, Pretax Profit Margin comes in at -178.3%, and Net Profit Margin reading is -178.28%. To continue investigating profitability, this company’s Return on Assets is posted at -0.34, Equity is -0.99 and Total Capital is -0.43. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.83.
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 3.59 points at the first support level, and at 3.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.98, and for the 2nd resistance point, it is at 4.22.
Ratios To Look Out For
It is important to note that Virgin Galactic Holdings Inc [NYSE:SPCE] has a current ratio of 3.38. As well, the Quick Ratio is 3.38, while the Cash Ratio is 1.23. Considering the valuation of this stock, the price to sales ratio is 126.70, the price to book ratio is 0.79.
