Virgin Galactic Holdings Inc. [NYSE: SPCE] stock went on an upward path that rose over 13.83% on Tuesday, amounting to a one-week price decrease of less than -10.57%. The company report on February 26, 2021 that Virgin Galactic Announces Fourth Quarter and Full Year 2020 Financial Results.
Rollout of Second Spaceship Scheduled to Take Place on March 30.
Announced Expected Timing of Revenue-Generating Flight with the Italian Air Force.
Over the last 12 months, SPCE stock rose by 55.35%. The one-year Virgin Galactic Holdings Inc. stock forecast points to a potential upside of 18.86. The average equity rating for SPCE stock is currently 2.40, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $7.95 billion, with 236.85 million shares outstanding and 140.66 million shares in the current float. Compared to the average trading volume of 20.97M shares, SPCE stock reached a trading volume of 14549293 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Virgin Galactic Holdings Inc. [SPCE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SPCE shares is $37.22 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SPCE stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for Virgin Galactic Holdings Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 03, 2021. While these analysts kept the previous recommendation, UBS raised their target price from $35 to $52. The new note on the price target was released on February 10, 2021, representing the official price target for Virgin Galactic Holdings Inc. stock. Previously, the target price had yet another raise to $30, while Morgan Stanley analysts kept a Equal-Weight rating on SPCE stock.
The Average True Range (ATR) for Virgin Galactic Holdings Inc. is set at 5.62, with the Price to Sales ratio for SPCE stock in the period of the last 12 months amounting to 39725.08. The Price to Book ratio for the last quarter was 10.79, with the Price to Cash per share for the same quarter was set at 2.53.
SPCE Stock Performance Analysis:
Virgin Galactic Holdings Inc. [SPCE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.57. With this latest performance, SPCE shares dropped by -44.42% in over the last four-week period, additionally plugging by 89.70% over the last 6 months – not to mention a rise of 55.35% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SPCE stock in for the last two-week period is set at 37.59, with the RSI for the last a single of trading hit 33.47, and the three-weeks RSI is set at 41.45 for Virgin Galactic Holdings Inc. [SPCE]. The present Moving Average for the last 50 days of trading for this stock 38.23, while it was recorded at 29.27 for the last single week of trading, and 24.66 for the last 200 days.
Insight into Virgin Galactic Holdings Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Virgin Galactic Holdings Inc. [SPCE] shares currently have an operating margin of -115581.51 and a Gross Margin at -4082.35. Virgin Galactic Holdings Inc.’s Net Margin is presently recorded at -114720.59.
Return on Total Capital for SPCE is now -46.54, given the latest momentum, and Return on Invested Capital for the company is -46.40. Return on Equity for this stock declined to -48.32, with Return on Assets sitting at -38.74. When it comes to the capital structure of this company, Virgin Galactic Holdings Inc. [SPCE] has a Total Debt to Total Equity ratio set at 4.15. Additionally, SPCE Total Debt to Total Capital is recorded at 3.99, with Total Debt to Total Assets ending up at 3.42. Long-Term Debt to Equity for the company is recorded at 3.73, with the Long-Term Debt to Total Capital now at 3.58.
Reflecting on the efficiency of the workforce at the company, Virgin Galactic Holdings Inc. [SPCE] managed to generate an average of -$331,756 per employee. Receivables Turnover for the company is 0.51 with a Total Asset Turnover recorded at a value of 0.00.Virgin Galactic Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.10 and a Current Ratio set at 6.30.
SPCE Stock EPS
With the latest financial reports released by the company, Virgin Galactic Holdings Inc. posted -0.3/share EPS, while the average EPS was predicted by analysts to be reported at -0.15/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -100.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SPCE.
Virgin Galactic Holdings Inc. [SPCE] Insider Position Details
There are presently around $1,477 million, or 29.80% of SPCE stock, in the hands of institutional investors. The top three institutional holders of SPCE stocks are: VANGUARD GROUP INC with ownership of 11,260,343, which is approximately 1.66% of the company’s market cap and around 2.90% of the total institutional ownership; BLACKROCK INC., holding 5,436,425 shares of the stock with an approximate value of $144.23 million in SPCE stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $105.71 million in SPCE stock with ownership of nearly 0.581% of the company’s market capitalization.
Positions in Virgin Galactic Holdings Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 184 institutional holders increased their position in Virgin Galactic Holdings Inc. [NYSE:SPCE] by around 10,369,924 shares. Additionally, 121 investors decreased positions by around 9,590,967 shares, while 46 investors held positions by with 35,708,869 shares. The mentioned changes placed institutional holdings at 55,669,760 shares, according to the latest SEC report filing. SPCE stock had 85 new institutional investments in for a total of 2,400,366 shares, while 50 institutional investors sold positions of 3,909,810 shares during the same period.