In yesterday’s Wall Street session, Virgin Galactic Holdings Inc (NYSE:SPCE) shares traded at $1.89, up 5.59% from the previous session.
10 analysts cover Virgin Galactic Holdings Inc (NYSE:SPCE), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $1.00, we find $2.00. Given the previous closing price of $1.79, this indicates a potential upside of 11.73 percent. SPCE stock price is now 6.01% away from the 50-day moving average and -46.97% away from the 200-day moving average. The market capitalization of the company currently stands at $693.89M.
The stock has received a hold rating from 4 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $2.54 as their price target over the next twelve months.
With the price target maintained at $4.75, Alembic Global Advisors recently Upgraded its rating from Underweight to Neutral for Virgin Galactic Holdings Inc (NYSE: SPCE).
Insiders disposed of 249,274 shares of company stock worth roughly $0.47 million over the past 1 year. A total of 9.66% of the company’s stock is owned by insiders.
During the past 12 months, Virgin Galactic Holdings Inc has had a low of $1.38 and a high of $6.61. As of last week, the company has a debt-to-equity ratio of 0.82, a current ratio of 5.97, and a quick ratio of 5.88. The fifty day moving average price for SPCE is $1.7828 and a two-hundred day moving average price translates $3.5642 for the stock.
The latest earnings results from Virgin Galactic Holdings Inc (NYSE: SPCE) was released for Sep, 2023. According to the Aerospace & Defense Company, earnings per share came in at -$0.28, beating analysts’ expectations of -$0.43 by 0.15. This compares to -$0.55 EPS in the same period last year. The net profit margin was -11299.86% and return on equity was -90.56% for SPCE. The company reported revenue of $1.73 million for the quarter, compared to $0.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 125.29 percent. For the current quarter, analysts expect SPCE to generate $3.79M in revenue.
Virgin Galactic Holdings Inc(SPCE) Company Profile
Virgin Galactic Holdings, Inc. focuses on the development, manufacture, and operation of spaceships and related technologies for conducting commercial human spaceflight and flying commercial research and development payloads into space. It is also involved in the ground and flight testing, and post-flight maintenance of its spaceflight system vehicles. The company serves private individuals, researchers, and government agencies. Virgin Galactic Holdings, Inc. was founded in 2017 is headquartered in Las Cruces, New Mexico.