Virgin Galactic Holdings Inc. [NYSE: SPCE] traded at a low on 05/10/21, posting a -8.47 loss after which it closed the day’ session at $17.95. The company report on May 11, 2021 that SPCE ALERT– Nationally Ranked Shareholder Rights Firm Labaton Sucharow is Investigating Virgin Galactic Holdings Inc. (NYSE: SPCE) For Potential Securities Violations and Breach of Fiduciary Duty.
Labaton Sucharow, a nationally ranked and award-winning shareholder rights law firm, is investigating potential securities violations and breach of fiduciary duty claims against Virgin Galactic Holdings Inc. (NYSE: SPCE).
On May 4, Virgin Galactic Holdings Inc. closed down over 9% on enormous volume after the space tourism company said it would restate certain past financial results in the wake of recent comments by the Securities and Exchange Commission on the accounting treatment of deals involving special-purpose acquisition companies.
The results of the trading session contributed to over 16315924 shares changing hands. Over the past one week, the price volatility of Virgin Galactic Holdings Inc. stands at 7.68% while the volatility over the past one month is 7.03%.
The market cap for SPCE stock reached $4.16 billion, with 236.85 million shares outstanding and 140.66 million shares in the current float. Compared to the average trading volume of 12.65M shares, SPCE reached a trading volume of 16315924 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]?
Bernstein have made an estimate for Virgin Galactic Holdings Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on April 13, 2021. While these analysts kept the previous recommendation, Truist raised their target price to Buy. The new note on the price target was released on March 17, 2021, representing the official price target for Virgin Galactic Holdings Inc. stock. Previously, the target price had yet another raise from $35 to $50, while BofA Securities kept a Buy rating on SPCE stock. On February 10, 2021, analysts increased their price target for SPCE shares from 35 to 52.
The Average True Range (ATR) for Virgin Galactic Holdings Inc. is set at 1.57, with the Price to Sales ratio for SPCE stock in the period of the last 12 months amounting to 20799.56. The Price to Book ratio for the last quarter was 6.41, with the Price to Cash per share for the same quarter was set at 2.87.
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 -10.87. With this latest performance, SPCE shares dropped by -38.70% in over the last four-week period, additionally sinking by -6.36% over the last 6 months – not to mention a drop of -11.05% 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 27.57, with the RSI for the last a single of trading hit 23.58, and the three-weeks RSI is set at 31.83 for Virgin Galactic Holdings Inc. [SPCE]. The present Moving Average for the last 50 days of trading for this stock 27.44, while it was recorded at 19.50 for the last single week of trading, and 26.66 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 $1,089 million, or 28.50% 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 5,409,397 shares of the stock with an approximate value of $106.08 million in SPCE stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $78.14 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 169 institutional holders increased their position in Virgin Galactic Holdings Inc. [NYSE:SPCE] by around 9,582,983 shares. Additionally, 138 investors decreased positions by around 9,565,534 shares, while 47 investors held positions by with 36,388,616 shares. The mentioned changes placed institutional holdings at 55,537,133 shares, according to the latest SEC report filing. SPCE stock had 74 new institutional investments in for a total of 2,254,192 shares, while 58 institutional investors sold positions of 3,765,622 shares during the same period.