Virgin Galactic Holdings Inc. [NYSE: SPCE] traded at a low on 04/12/21, posting a -8.57 loss after which it closed the day’ session at $26.77. The company report on April 13, 2021 that Virgin Galactic Announces Date of First Quarter 2021 Financial Results and Conference Call.
Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or the “Company”), a vertically integrated aerospace and space travel company, announced that it will report its financial results for the first quarter 2021 following the close of the U.S. markets on Tuesday, May 4, 2021. Virgin Galactic will host a conference call to discuss the results that day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).
A live webcast and replay of the conference call will be available on the Company’s Investor Relations website at investors.virgingalactic.com.
The results of the trading session contributed to over 15338132 shares changing hands. Over the past one week, the price volatility of Virgin Galactic Holdings Inc. stands at 5.47% while the volatility over the past one month is 7.02%.
The market cap for SPCE stock reached $6.33 billion, with 236.85 million shares outstanding and 140.66 million shares in the current float. Compared to the average trading volume of 18.25M shares, SPCE reached a trading volume of 15338132 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $38.33 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.
Truist 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 17, 2021. While these analysts kept the previous recommendation, BofA Securities raised their target price from $35 to $50. The new note on the price target was released on March 03, 2021, representing the official price target for Virgin Galactic Holdings Inc. stock. Previously, the target price had yet another raise from $35 to $52, while UBS kept a Neutral rating on SPCE stock.
The Average True Range (ATR) for Virgin Galactic Holdings Inc. is set at 2.37, with the Price to Sales ratio for SPCE stock in the period of the last 12 months amounting to 31628.76. The Price to Book ratio for the last quarter was 9.56, with the Price to Cash per share for the same quarter was set at 2.82.
How has SPCE stock performed recently?
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 -9.56. With this latest performance, SPCE shares dropped by -20.28% in over the last four-week period, additionally plugging by 21.19% over the last 6 months – not to mention a rise of 75.31% 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 35.26, with the RSI for the last a single of trading hit 29.67, and the three-weeks RSI is set at 39.20 for Virgin Galactic Holdings Inc. [SPCE]. The present Moving Average for the last 50 days of trading for this stock 38.78, while it was recorded at 29.04 for the last single week of trading, and 26.37 for the last 200 days.
Virgin Galactic Holdings Inc. [SPCE]: Deeper insight into the 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.
Earnings analysis for Virgin Galactic Holdings Inc. [SPCE]
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.
Insider trade positions for Virgin Galactic Holdings Inc. [SPCE]
There are presently around $1,488 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 0.70% of the total institutional ownership; BLACKROCK INC., holding 5,436,425 shares of the stock with an approximate value of $145.53 million in SPCE stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $106.67 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 May and at the time of the May reporting period, where 181 institutional holders increased their position in Virgin Galactic Holdings Inc. [NYSE:SPCE] by around 10,317,823 shares. Additionally, 117 investors decreased positions by around 9,708,637 shares, while 48 investors held positions by with 35,555,460 shares. The mentioned changes placed institutional holdings at 55,581,920 shares, according to the latest SEC report filing. SPCE stock had 86 new institutional investments in for a total of 2,400,951 shares, while 46 institutional investors sold positions of 4,007,553 shares during the same period.