The stock of Virgin Galactic Holdings Inc (SPCE) has seen a -20.73% decrease in the past week, with a -40.13% drop in the past month, and a -55.41% decrease in the past quarter. The volatility ratio for the week is 12.57%, and the volatility levels for the past 30 days are at 8.05% for SPCE. The simple moving average for the last 20 days is -30.52% for SPCE stock, with a simple moving average of -60.66% for the last 200 days.
Is It Worth Investing in Virgin Galactic Holdings Inc (NYSE: SPCE) Right Now?
The 36-month beta value for SPCE is at 1.69. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SPCE is 364.57M, and currently, shorts hold a 25.70% of that float. The average trading volume for SPCE on April 22, 2024 was 9.99M shares.
SPCE) stock’s latest price update
Virgin Galactic Holdings Inc (NYSE: SPCE)’s stock price has decreased by -11.74 compared to its previous closing price of 0.97. However, the company has seen a -20.73% decrease in its stock price over the last five trading sessions. Invezz reported 2024-04-19 that Virgin Galactic (NYSE: SPCE) stock price continued its strong sell-off this week after the company announced a plan to do a reverse stock. It crashed by more than 10%, moving to an all-time low of $0.85, a sharp decline since it was trading at $62.7 at its peak in 2021.
Analysts’ Opinion of SPCE
Many brokerage firms have already submitted their reports for SPCE stocks, with Truist repeating the rating for SPCE by listing it as a “Hold.” The predicted price for SPCE in the upcoming period, according to Truist is $3 based on the research report published on January 10, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see SPCE reach a price target of $1.75, previously predicting the price at $4. The rating they have provided for SPCE stocks is “Underweight” according to the report published on November 22nd, 2023.
Alembic Global Advisors gave a rating of “Neutral” to SPCE, setting the target price at $4.75 in the report published on June 14th of the previous year.
SPCE Trading at -43.69% 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 -86.12% of loss for the given period.
Volatility was left at 8.05%, however, over the last 30 days, the volatility rate increased by 12.57%, as shares sank -40.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -51.63% lower at present.
During the last 5 trading sessions, SPCE fell by -20.73%, which changed the moving average for the period of 200-days by -78.10% in comparison to the 20-day moving average, which settled at $1.2034. In addition, Virgin Galactic Holdings Inc saw -65.06% 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:
- -78.16 for the present operating margin
- -6.43 for the gross margin
The net margin for Virgin Galactic Holdings Inc stands at -73.87. The total capital return value is set at -0.53. Equity return is now at value -101.93, with -43.32 for asset returns.
Based on Virgin Galactic Holdings Inc (SPCE), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at -0.96. The debt to equity ratio resting at 0.93. The interest coverage ratio of the stock is -41.29.
Currently, EBITDA for the company is -471.25 million with net debt to EBITDA at -0.42. When we switch over and look at the enterprise to sales, we see a ratio of 79.94. The receivables turnover for the company is 0.18for trailing twelve months and the total asset turnover is 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.12.
Conclusion
In conclusion, Virgin Galactic Holdings Inc (SPCE) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
