Does Wall Street Rate Virgin Galactic Holdings Inc. (SPCE) Shares A Sell?

As of Thursday close, Virgin Galactic Holdings Inc.’s (NYSE:SPCE) stock was down -$0.06, moving down -0.73 percent to $8.19. The average number of shares traded per day over the past five days has been 6,689,900 shares. 5 times new highs have been achieved over the past 5 days, with a $0.81 gain in that time frame. In the last twenty days, the average volume was 6,091,075, while in the previous 50 days, it was 7,805,106.

Since last month, SPCE stock rose 26.98%. Shares of the company fell to $5.84 on 07/05/22, the lowest level in the past month. A 52-week high of $35.62 was reached on 01/03/22 after having rallying from a 52-week low of $5.14. Since the beginning of this year, SPCE’s stock price has dropped by -38.79% or -$5.19, and marked a new high 1 time. However, the stock has declined by -77.01% since its 52-week high.


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Virgin Galactic Holdings Inc. (SPCE) last reported insider trading activity 268 days ago on Nov 10. Virgin Investments Ltd, the 10% Owner of the company, disposed of 15,600,000 shares for $19.25 on Nov 10. It resulted in a $300,300,000 divestment by the insider. Kreeger Craig S sold 10,000 shares at an average price of $25.15 on Aug 17. The insider now owns 33,346 shares following the transaction. On Aug 12, 10% Owner Virgin Investments Ltd sold 3,025,000 shares at $26.08 apiece. The transaction was valued at $78,879,213.

Valuation Metrics

The stock’s beta is 0.70. Besides these, the trailing price-to-sales (P/S) ratio of 568.55, the price-to-book (PB) ratio of 2.81.

Financial Health

In the three months ended March 30, Virgin Galactic Holdings Inc.’s quick ratio stood at 6.40, while its current ratio was 6.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.55, and the total debt-to-equity ratio was 0.55. On the profitability front, the trailing twelve-month gross margin is 91.80% percent. Based on annual data, SPCE earned $3.02 million in gross profit and brought in $3.29 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -35.70%. Return on equity (ROE) for the past 12 months was -41.30%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SPCE’s revenue rose 100.0% to $2.58 million during the quarter, while net income inched up to $0.32 million. While analysts expected Virgin Galactic Holdings Inc. to report -$0.32 quarterly earnings, the actual figure was -$0.36 per share, beating the consensus estimate by -12.50%. During the quarter, the company generated -$88.14 million in EBITDA. The liabilities of Virgin Galactic Holdings Inc. were 600.05 million at the end of its most recent quarter ended March 30, and its total debt was $456.54 million. The value of shareholders’ equity is $258.59 million.

Technical Picture

This quick technical analysis looks at Virgin Galactic Holdings Inc.’s (SPCE) price momentum. With a historical volatility rate of 45.30%, the RSI 9-day stood at 70.85% on 04 August.

With respect to its five-day moving average, the current Virgin Galactic Holdings Inc. price is up by +10.98% percent or $0.81. At present, SPCE shares trade +13.28% above its 20-day simple moving average and +12.50% percent above its 100-day simple moving average. However, the stock is currently trading approximately +24.85% above its SMA50 and -58.47% below its SMA200.

Stochastic coefficient K was 85.73% and Stochastic coefficient D was 79.62%, while ATR was 0.43. Given the Stochastic reading of 78.34% for the 14-day period, the RSI (14) reading has been calculated as 65.26%. As of today, the MACD Oscillator reading stands at 0.56, while the 14-day reading stands at 0.57.

Analyst Ratings

Wells Fargo launched its rating on Virgin Galactic Holdings Inc. (NYSE: SPCE) to an Underweight in a note to investors on June 21, 2022. Virgin Galactic Holdings Inc. (SPCE) has been rated Hold by analysts. According to 2 brokerage firms, SPCE is a sell, and 7 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 0 analysts rate Virgin Galactic Holdings Inc. stock as buy, with 2 recommending it as overweight.

With a median target price of $8.00, the current consensus forecast for the stock is $4.00 – $16.00. Based on these forecasts, analysts predict Virgin Galactic Holdings Inc. (SPCE) will achieve an average price target of $9.54.

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