Virgin Galactic Holdings Inc (NYSE: SPCE)’s stock price has increased by 8.65 compared to its previous closing price of 0.95. However, the company has seen a 16.53% increase in its stock price over the last five trading sessions. The Motley Fool reported 2024-05-06 that Virgin Galactic has opened a new facility for testing components of its new Delta spaceplane. Testing has already begun.
Is It Worth Investing in Virgin Galactic Holdings Inc (NYSE: SPCE) Right Now?
Moreover, the 36-month beta value for SPCE is 1.78. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SPCE is 374.82M and currently, short sellers hold a 26.37% of that float. On May 07, 2024, SPCE’s average trading volume was 14.17M shares.
SPCE’s Market Performance
The stock of Virgin Galactic Holdings Inc (SPCE) has seen a 16.53% increase in the past week, with a -16.94% drop in the past month, and a -37.95% fall in the past quarter. The volatility ratio for the week is 10.88%, and the volatility levels for the past 30 days are at 12.16% for SPCE. The simple moving average for the last 20 days is 6.85% for SPCE stock, with a simple moving average of -48.84% for the last 200 days.
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 -21.74% 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 -83.30% of loss for the given period.
Volatility was left at 12.16%, however, over the last 30 days, the volatility rate increased by 10.88%, as shares sank -12.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -37.58% lower at present.
During the last 5 trading sessions, SPCE rose by +16.53%, which changed the moving average for the period of 200-days by -73.59% in comparison to the 20-day moving average, which settled at $0.9565. In addition, Virgin Galactic Holdings Inc saw -57.96% 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 91.87. 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
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.
