Virgin Galactic Holdings Inc. (SPCE): What the Financials Tell Us

Virgin Galactic Holdings Inc. (NYSE:SPCE) saw a downside of -5.81% to close Friday at $23.83 after subtracting -$1.47 on the day. The 5-day average trading volume is 19,781,820 shares of the company’s common stock. It has gained $26.50 in the past week and touched a new high 2 times within the past 5 days. An average of 14,661,185 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 16,012,380.

SPCE’s 1-month performance is -11.05% or -$2.96 on its low of $22.53 reached on 09/29/21. The company’s shares have touched a 52-week low of $14.27 and high of $62.80, with the stock’s rally to the 52-week high happening on 02/04/21. YTD, SPCE has achieved 0.42% or $0.10 and has reached a new high 13 times. However, the current price is down -62.05%% from the 52-week high price.


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Insider Transactions

On Aug 17, 48 days have gone by since the last insider trading activity for Virgin Galactic Holdings Inc. (SPCE). Kreeger Craig S (Director) most recently sold 10,000 shares at $25.15 per share on Aug 17. This transaction cost the insider $251,500. 10% Owner, Virgin Investments Ltd, sold 3,025,000 shares at a price of $26.08 on Aug 12. Then, on Aug 11, 10% Owner Virgin Investments Ltd sold 3,641,000 shares at a price of $27.47 per share. This transaction amounted to $100,003,705.

Valuation Metrics

Virgin Galactic Holdings Inc. (SPCE) has a trailing price-to-earnings (P/E) ratio of 26.17 for the broader industry and 28.42 for the sector, meaning that investors are optimistic about the stock’s future prospects.SPCE stock has a beta of 0.39. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 10847.81 while the price-to-book (PB) in the most recent quarter is 12.88.

Virgin Galactic Holdings Inc.’s quick ratio for the period ended June 29 was 5.20, with the current ratio over the same period at 5.40 meaning that SPCE stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 89.00%The trailing 12-month EBITDA margin is -111471.85%. The firm’s gross profit as reported stood at $65000.0 against revenue of $0.24 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Analysts expected SPCE to announce -$0.33 per share in earnings in its latest quarter, but it posted -$0.39, representing a -18.20% surprise. EBITDA for the quarter stood at more than -$71.03 million. SPCE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 238.79 million, with total debt at $26.49 million. Shareholders hold equity totaling $257.26 million

Technical Picture

Let’s look briefly at Virgin Galactic Holdings Inc. (SPCE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 44.40% to suggest the stock is trending Neutral, with historical volatility in this time period at 81.84%.

The stock’s 5-day moving average is $24.02, reflecting a -4.83% or -$1.21 change from its current price. SPCE is currently trading -8.31% above its 20-day SMA, +31.51% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -22.68% and -2.77% respectively.

Stochastic %K and %D was 34.41% and 28.01% and the average true range (ATR) pointed at 1.72. The RSI (14) points at 44.08%, while the 14-day stochastic is at 32.75% with the period’s ATR at 1.76. The stock’s 9-day MACD Oscillator is pointing at -0.74 and -0.76 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Virgin Galactic Holdings Inc. (NYSE: SPCE), Jefferies launched coverage with a Buy rating. Analysts offering their rating for SPCE stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate SPCE as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.

What is SPCE’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $20.00 and a high of $50.00, with their median price target at $30.00. Looking at these predictions, the average price target given by analysts is for Virgin Galactic Holdings Inc. (SPCE) stock is $31.82.

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