Virgin Galactic Holdings Inc. (NYSE:SPCE) saw a downside of -0.39% to close Friday at $23.12 after subtracting -$0.09 on the day. The 5-day average trading volume is 8,317,620 shares of the company’s common stock. It has gained $23.74 in the past week. An average of 12,655,675 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 15,411,834.
SPCE’s 1-month performance is -9.97% or -$2.33 on its low of $21.96 reached on 10/05/21. 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 lost -2.57% or -$0.61. However, the current price is down -63.18%% from the 52-week high price.
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On Aug 17, 55 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.
Virgin Galactic Holdings Inc. (SPCE) has a trailing price-to-earnings (P/E) ratio of 18.50 for the broader industry and 28.65 for the sector.SPCE stock has a beta of 0.38. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9951.62 while the price-to-book (PB) in the most recent quarter is 12.50.
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. 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.
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
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 08 October was 42.99% to suggest the stock is trending Neutral, with historical volatility in this time period at 82.68%.
The stock’s 5-day moving average is $22.91, reflecting a -2.98% or -$0.71 change from its current price. SPCE is currently trading -8.11% above its 20-day SMA, +34.03% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -24.89% and -9.23% respectively.
Stochastic %K and %D was 25.18% and 19.80% and the average true range (ATR) pointed at 1.38. The RSI (14) points at 42.93%, while the 14-day stochastic is at 25.55% with the period’s ATR at 1.51. The stock’s 9-day MACD Oscillator is pointing at -0.19 and -0.92 on the 14-day charts.
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 $27.00. Looking at these predictions, the average price target given by analysts is for Virgin Galactic Holdings Inc. (SPCE) stock is $31.09.