Truist raised the price target for the Virgin Galactic Holdings Inc. (NYSE:SPCE) stock to “a Buy”. The rating was released on March 17, 2021. We previously noted in another research note published on March 03, 2021 by BofA Securities that reiterated the stock to a Buy with a price target of $50 for SPCE stock. The research report from UBS has downgraded the stock from Buy to Neutral, with a price target set at $52. The stock was downgraded by Morgan Stanley, who disclosed in a research note on February 01, 2021, from Overweight to Equal-Weight and set the price objective to $30. In their research brief published January 19, 2021, Susquehanna analysts downgraded the Virgin Galactic Holdings Inc. stock from Positive to Neutral.
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Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of -$0.31 during the last quarter as opposed to a consensus estimate of -$0.31, which indicates the company missed its estimate by $0, which implies that the company surprised the market by 0.00%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2021) is -$0.26. This is an average of 9 analysts’ earnings, where the high earnings per share estimate is -$0.16 and the low earnings per share estimate is -$0.31. According to 3 analyst estimates, an average revenue estimate of $330k is projected for the current quarter with a high revenue estimate of $500k.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Virgin Galactic Holdings Inc. (NYSE:SPCE) raised 2.71% to close Thursday’s market session at $29.58, higher as compared to yesterday’s close. The stock price fluctuated between $27.58 and $29.9484 throughout the trading session with the volume trading being 8806073 shares, which represented a significant variation when compared to the three months average volume of 18.80 million shares. The firm’s stock price fluctuated -7.45% within the last five trades and -35.86% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 88.05% in the last 6 months and 16.14% was added to its value over the previous 3 months. SPCE stock is trading at a margin of -9.62%, -26.07% and 15.85% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, SPCE deals in the Industrials domain. The stock is trading -52.90 percent below its 52-week high and 144.46 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 82.28. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Virgin Galactic Holdings Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the company has reported a gross margin of 27.30 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $6.76 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The stock has achieved an effective Price-to-Sales Ratio of 33796.63 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 10.56, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.30 percent of Virgin Galactic Holdings Inc. shares are owned by insiders, and 29.80 percent are held by financial institutions. Kley Michelle, the See Remarks at Virgin Galactic Holdings Inc. (SPCE) has sold 25,000 shares of firm on Mar 09 at a price of $30.42 against the total amount of $0.76 million. In another inside trade, Palihapitiya Chamath, Director of Virgin Galactic Holdings Inc. (NYSE:SPCE) sold 3,100,000 shares of the firm on Mar 03 for a total worth of $103.4 million at a price of $33.35. An inside trade which took place on Mar 02, Director of Virgin Galactic Holdings Inc. Palihapitiya Chamath sold 3,100,000 shares of firm against total price of $109.37 million at the cost of $35.28 per share.