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What Recent Market Trends Mean for Virgin Galactic Holdings Inc.’s (SPCE) Stock

In the past week, SPCE stock has gone down by -9.22%, with a monthly decline of -31.50% and a quarterly plunge of -60.47%. The volatility ratio for the week is 8.78%, and the volatility levels for the last 30 days are 7.52% for Virgin Galactic Holdings Inc. The simple moving average for the last 20 days is -23.69% for SPCE stock, with a simple moving average of -54.55% for the last 200 days.

Is It Worth Investing in Virgin Galactic Holdings Inc. (NYSE: SPCE) Right Now?

Moreover, the 36-month beta value for SPCE is 1.20. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 1 as “sell.”

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The average price recommended by analysts for Virgin Galactic Holdings Inc. (SPCE) is $4.39, which is $2.6 above the current market price. The public float for SPCE is 333.73M and currently, short sellers hold a 18.96% of that float. On September 19, 2023, SPCE’s average trading volume was 25.20M shares.

SPCE) stock’s latest price update

Virgin Galactic Holdings Inc. (NYSE: SPCE) has seen a decline in its stock price by -8.78 in relation to its previous close of 2.05. However, the company has experienced a -9.22% decline in its stock price over the last five trading sessions. The Motley Fool reported 2023-09-17 that Virgin Galactic needs cash, and there are a few options to get it.

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 -41.07% 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 -71.71% of loss for the given period.

Volatility was left at 7.52%, however, over the last 30 days, the volatility rate increased by 8.78%, as shares sank -34.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -49.05% lower at present.

During the last 5 trading sessions, SPCE fell by -9.22%, which changed the moving average for the period of 200-days by -61.91% in comparison to the 20-day moving average, which settled at $2.40. In addition, Virgin Galactic Holdings Inc. saw -46.26% 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 71.47, 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 wrap up, the performance of Virgin Galactic Holdings Inc. (SPCE) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.