Virgin Galactic Holdings Inc (NYSE:SPCE) saw a downside of -1.75% to close Monday at $1.68 after subtracting -$0.03 on the day. The 5-day average trading volume is 10,703,880 shares of the company’s common stock. It has gained $2.0200 in the past week and touched a new high 2 times within the past 5 days. An average of 14,958,560 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 15,741,246.
SPCE’s 1-month performance is -34.88% or -$0.8600 on its low of $1.6300 reached on 09/25/23. The company’s shares have touched a 52-week low of $1.70 and high of $6.61, with the stock’s rally to the 52-week high happening on 02/06/23. YTD, SPCE has lost -51.72% or -$1.8000 and has reached a new high 11 times. However, the current price is down -74.58% from the 52-week high price.
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Valuation Metrics
SPCE stock has a beta of 1.25. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 158.15 while the price-to-book (PB) in the most recent quarter is 1.17.
Virgin Galactic Holdings Inc’s quick ratio for the period ended June 29 was 5.35, with the current ratio over the same period at 5.45. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.98, while the total debt to equity was 0.98. In terms of profitability, the gross margin trailing 12 months is -261.09%. The trailing 12-month EBITDA margin is -21145.59% while for the period ending June 29, Virgin Galactic Holdings Inc’s operating margin was -15435.86%. The firm’s gross profit as reported stood at $2.31 million against revenue of $2.31 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 17.59% to -$134.36 million, while revenue of -$159.39 million was -18.63% off the previous quarter. Analysts expected SPCE to announce -$0.51 per share in earnings in its latest quarter, but it posted -$0.46, representing a 9.80% surprise. EBITDA for the quarter stood at more than -$135.83 million. SPCE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 662.24 million, with total debt at $477.17 million. Shareholders hold equity totaling $367.14 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 25 September was 22.89% to suggest the stock is trending oversold, with historical volatility in this time period at 59.77%.
The stock’s 5-day moving average is $1.8240, reflecting a -10.16% or -$0.1900 change from its current price. SPCE is currently trading -33.86% above its 20-day SMA, -51.16% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -55.79% and SMA200 by-63.64%.
Stochastic %K and %D was 2.76% and 5.83% and the average true range (ATR) pointed at 0.1560. The RSI (14) points at 24.96%, while the 14-day stochastic is at 5.08% with the period’s ATR at 0.1725. The stock’s 9-day MACD Oscillator is pointing at -0.1489 and -0.2781 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Virgin Galactic Holdings Inc (NYSE: SPCE), Alembic Global Advisors upgraded it to a Neutral rating. They previously had an Underweight rating on the stock. 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.” 3 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 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 $3.00 and a high of $8.00, with their median price target at $3.88. Looking at these predictions, the average price target given by analysts is for Virgin Galactic Holdings Inc (SPCE) stock is $4.63.
