Truist has recently raised Virgin Galactic Holdings Inc (SPCE) stock to Hold rating, as announced on January 10, 2024, according to Finviz. Earlier, on November 22, 2023, Morgan Stanley had reduced the stock rating, setting a price target of $1.75 for SPCE stock. Alembic Global Advisors also raised Neutral rating with a price target of $4.75. Additionally, Wolfe Research raised Peer Perform rating on February 17, 2023. KeyBanc Capital Markets analysts, in their report published on January 24, 2023, also initiated Sector Weight rating for Virgin Galactic Holdings Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Virgin Galactic Holdings Inc (SPCE) Stock Trading Recap
On Wednesday, Virgin Galactic Holdings Inc (SPCE) stock saw a modest uptick, ending the day at $6.24 which represents a slight increase of $0.32 or 5.41% from the prior close of $5.92. The stock opened at $5.84 and touched a low of $5.77 during the day, reaching a high of $6.24. The volume of shares traded was 0.86 million falling short of the average volume of 2.18 million.
SPCE Stock Performance and Moving Averages
In recent trading, Virgin Galactic Holdings Inc (SPCE) stock price has shown some volatility, fluctuating -0.79% over the last five trades and 7.22% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -81.32%, and it has plunged by -65.37% in the previous three months. Currently, SPCE is trading at -3.80%, -7.77%, and -74.54% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, SPCE, a Industrials sector stock, is trading -88.57% below its 52-week high but remains 18.52% above its 52-week low. The Average True Range (ATR) (14 days) of 0.51 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Virgin Galactic Holdings Inc’s Profitability and Valuation Ratios
Virgin Galactic Holdings Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -4068.95% and a profit margin of -3764.43%, with a gross margin of -81.32%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Virgin Galactic Holdings Inc’s market capitalization stands at $177.72 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 16.55, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.38, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 8.58% of Virgin Galactic Holdings Inc (SPCE)’s shares, while financial institutions hold 27.67%.
