Virgin Galactic Holdings Inc. (NYSE:SPCE) went up by 6.79% from its latest closing price compared to the recent 1-year high of $11.25. The company’s stock price has collected 12.34% of gains in the last five trading sessions. Barron’s reported on 01/13/23 that Virgin Galactic Shakes Up Management. The Stock Is Soaring for Another Reason.
Is It Worth Investing in Virgin Galactic Holdings Inc. (NYSE :SPCE) Right Now?
Plus, the 36-month beta value for SPCE is at 1.00. Opinions of the stock are interesting as 2 analysts out of 13 who provided ratings for Virgin Galactic Holdings Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 5 rated it as “hold,” and 3 as “sell.”
The average price from analysts is $5.00, which is -$0.11 below the current price. SPCE currently public float of 223.91M and currently shorts hold a 22.17% ratio of that float. Today, the average trading volume of SPCE was 7.01M shares.
SPCE’s Market Performance
SPCE stocks went up by 12.34% for the week, with a monthly jump of 36.58% and a quarterly performance of 15.85%, while its annual performance rate touched -42.90%. The volatility ratio for the week stands at 12.08% while the volatility levels for the past 30 days are set at 8.24% for Virgin Galactic Holdings Inc. The simple moving average for the period of the last 20 days is 29.47% for SPCE stocks with a simple moving average of -13.22% for the last 200 days.
Analysts’ Opinion of SPCE
Many brokerage firms have already submitted their reports for SPCE stocks, with Morgan Stanley repeating the rating for SPCE by listing it as a “Equal-Weight.” The predicted price for SPCE in the upcoming period, according to Morgan Stanley is $4 based on the research report published on January 10th of the current year 2023.
Wolfe Research, on the other hand, stated in their research note that they expect to see SPCE reach a price target of $4. The rating they have provided for SPCE stocks is “Underperform” according to the report published on October 11th, 2022.
Bernstein gave a rating of “Underperform” to SPCE, setting the target price at $4 in the report published on September 09th of the previous year.
SPCE Trading at 13.76% from the 50-Day Moving Average
After a stumble in the market that brought SPCE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -53.87% of loss for the given period.
Volatility was left at 8.24%, however, over the last 30 days, the volatility rate increased by 12.08%, as shares surge +41.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.38% lower at present.
During the last 5 trading sessions, SPCE rose by +12.34%, which changed the moving average for the period of 200-days by -50.76% in comparison to the 20-day moving average, which settled at $4.08. In addition, Virgin Galactic Holdings Inc. saw 49.14% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for SPCE
Current profitability levels for the company are sitting at:
- -9700.33 for the present operating margin
- -258.14 for the gross margin
The net margin for Virgin Galactic Holdings Inc. stands at -10719.90. Equity return is now at value -59.10, with -34.80 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 5.16.