The stock price of Virgin Galactic Holdings Inc (NYSE: SPCE) has jumped by 5.29 compared to previous close of 2.08. Despite this, the company has seen a gain of 22.35% in its stock price over the last five trading days. The Motley Fool reported 2023-11-19 that Virgin Galactic predicted it would book $1 million in revenue in Q3. It beat that forecast with $1.7 million in revenue.
Is It Worth Investing in Virgin Galactic Holdings Inc (NYSE: SPCE) Right Now?
Additionally, the 36-month beta value for SPCE is 1.44. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 rating it as “hold,” and 1 rating it as “sell.”
The average price predicted by analysts for SPCE is $2.54, which is $0.35 above the current price. The public float for SPCE is 361.09M and currently, short sellers hold a 20.49% ratio of that float. The average trading volume of SPCE on November 20, 2023 was 11.99M shares.
SPCE’s Market Performance
SPCE’s stock has seen a 22.35% increase for the week, with a 25.14% rise in the past month and a -21.51% fall in the past quarter. The volatility ratio for the week is 9.02%, and the volatility levels for the past 30 days are at 9.27% for Virgin Galactic Holdings Inc. The simple moving average for the past 20 days is 29.28% for SPCE’s stock, with a -37.33% 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 25.17% 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 -66.87% of loss for the given period.
Volatility was left at 9.27%, however, over the last 30 days, the volatility rate increased by 9.02%, as shares surge +33.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.37% lower at present.
During the last 5 trading sessions, SPCE rose by +22.35%, which changed the moving average for the period of 200-days by -65.46% in comparison to the 20-day moving average, which settled at $1.72. In addition, Virgin Galactic Holdings Inc saw -37.07% 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 -90.56, with -43.46 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 82.60, 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.
In conclusion, Virgin Galactic Holdings Inc (SPCE) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.