compared to its average ratio and a 36-month beta value of 1.19. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 1 as “sell.”
The average price point forecasted by analysts for Virgin Galactic Holdings Inc. (SPCE) is $4.39, which is $2.46 above the current market price. The public float for SPCE is 333.73M, and currently, short sellers hold a 18.96% ratio of that float. The average trading volume of SPCE on September 15, 2023 was 25.11M shares.
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SPCE) stock’s latest price update
Virgin Galactic Holdings Inc. (NYSE: SPCE) has experienced a rise in its stock price by 1.01 compared to its previous closing price of 1.99. However, the company has seen a fall of -12.23% in its stock price over the last five trading days. The Motley Fool reported 2023-09-14 that Virgin Galactic confirmed the opening of its launch window for the Galactic 04 space tourism flight. October 5 is the magic number.
SPCE’s Market Performance
SPCE’s stock has fallen by -12.23% in the past week, with a monthly drop of -27.44% and a quarterly drop of -50.49%. The volatility ratio for the week is 9.28% while the volatility levels for the last 30 days are 7.54% for Virgin Galactic Holdings Inc. The simple moving average for the past 20 days is -19.10% for SPCE’s stock, with a -51.31% simple moving average for the past 200 days.
Analysts’ Opinion of SPCE
Many brokerage firms have already submitted their reports for SPCE stocks, with Alembic Global Advisors repeating the rating for SPCE by listing it as a “Neutral.” The predicted price for SPCE in the upcoming period, according to Alembic Global Advisors is $4.75 based on the research report published on June 14, 2023 of the current year 2023.
SPCE Trading at -37.30% 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 -69.59% of loss for the given period.
Volatility was left at 7.54%, however, over the last 30 days, the volatility rate increased by 9.28%, as shares sank -24.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -44.29% lower at present.
During the last 5 trading sessions, SPCE fell by -10.48%, which changed the moving average for the period of 200-days by -56.93% in comparison to the 20-day moving average, which settled at $2.4505. In addition, Virgin Galactic Holdings Inc. saw -42.24% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SPCE
Current profitability levels for the company are sitting at:
- -21625.61 for the present operating margin
- -462.46 for the gross margin
The net margin for Virgin Galactic Holdings Inc. stands at -21632.87. The total capital return value is set at -52.84, while invested capital returns managed to touch -53.02. Equity return is now at value -121.40, with -51.50 for asset returns.
Based on Virgin Galactic Holdings Inc. (SPCE), the company’s capital structure generated 98.99 points at debt to equity in total, while total debt to capital is 49.75. Total debt to assets is 41.70, with long-term debt to equity ratio resting at 98.36. Finally, the long-term debt to capital ratio is 49.43.
When we switch over and look at the enterprise to sales, we see a ratio of 65.82, with the company’s debt to enterprise value settled at 1.07. The receivables turnover for the company is 0.68 and the total asset turnover is 0.00. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.44.
Conclusion
To put it simply, Virgin Galactic Holdings Inc. (SPCE) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
