Virgin Galactic Holdings Inc. (NYSE:SPCE) finished Tuesday with a subtraction of -$0.2 to close at $22.53, a downside of -0.88 percent. An average of 18,934,059 shares of common stock have been traded in the last five days. There was a fall of -$0.86 in the past week. The last 20 days have seen an average of 13,409,479 shares traded, while the 50-day average volume stands at 15,705,554.
SPCE stock has decreased by -7.21% in the last month. The company shares reached their 1-month lowest point of $21.96 on 10/05/21. With the stock rallying to its 52-week high on 02/04/21, shares of the company touched a low of $14.27 and a high of $62.80 in 52 weeks. In spite of this, the price is down -64.12% from the 52-week high.
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50 days have passed since Virgin Galactic Holdings Inc. (SPCE) last reported insider trading activity. Kreeger Craig S, who is Director, most recently acquired $10,000 shares at $25.15 per share on Aug 17. In this transaction, the insider spent $251,500. 10% Owner, Virgin Investments Ltd, disposed of 3,025,000 shares at a price of $26.08 on Aug 12. The insider now owns more than $78,879,213 worth of shares. Prior to that, 10% Owner Virgin Investments Ltd went on to Sale 3,641,000 shares at $27.47 each on Aug 11. An amount of $100,003,705 was transacted.
Virgin Galactic Holdings Inc. (SPCE) has a trailing price-to-earnings (P/E) ratio of 18.50 for the broader industry and 28.38 for the sector. This means investors are optimistic about the stock’s future prospects. The stock’s beta is 0.39. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 10256.03, the price-to-book (PB) ratio at 12.18.
The quick ratio of Virgin Galactic Holdings Inc. for the three months ended June 29 was 5.20, and the current ratio was 5.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Virgin Galactic Holdings Inc.’s EBITDA margin for the year ending June 29 is -111471.85%. Its gross profit as reported stood at $65000.0 compared to revenue of $0.24 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Virgin Galactic Holdings Inc.’s return on assets was -54.10%. For the broader industry, ROE averaged 8.06 over the past year.
From a technical analysis perspective, let’s take a brief look at Virgin Galactic Holdings Inc. (SPCE) price momentum. RSI 9-day as of the close on 05 October was 38.40%, suggesting the stock is Neutral, with historical volatility in this time frame at 81.54%.
As of today, SPCE’s price is $23.39 -3.68% or -$0.86 from its 5-day moving average. SPCE is currently trading -8.45% lower than its 20-day SMA and +45.35% higher than its 100-day SMA. However, the stock’s current price level is -26.42% below the SMA50 and -11.65% below the SMA200.
The stochastic %K and %D were 16.78% and 29.01%, respectively, and the average true range (ATR) was 1.59. With the 14-day stochastic at 12.56% and the average true range at 1.67, the RSI (14) stands at 40.14%. The stock has reached -1.00 on the 9-day MACD Oscillator while the 14-day reading was at -1.44.
Jefferies launched coverage on Virgin Galactic Holdings Inc. (NYSE: SPCE) in its analyst report released on August 31, 2021. The firm assigned the stock a a Buy rating.The consensus rating for Virgin Galactic Holdings Inc. (SPCE) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell SPCE, while 5 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.
What is SPCE’s price target for the next 12 months?
Analysts predict a range of price targets between $20.00 and $50.00, with a median target of $27.00. Taking a look at these predictions, the average price target given by analysts for Virgin Galactic Holdings Inc. (SPCE) stock is $31.09.