Virgin Galactic Holdings (SPCE) experienced an influx of unusual options trading on Tuesday, with investors acquiring 43,108 call options on the company, representing a significant 53% increase compared to the average daily volume of 28,091 call options.
The trading activity coincided with a notable surge in the stock price of Virgin Galactic, as shares opened at $4.91 on Tuesday. The company, which currently boasts a market capitalization of $1.35 billion, operates with a price-to-earnings (P/E) ratio of -2.34 and a beta of 1.08. With a debt-to-equity ratio of 1.13, the company maintains a quick ratio of 4.70 and a current ratio of 4.82. Over the past fifty days, Virgin Galactic’s stock has shown a moving average of $3.83, while its 200-day moving average stands at $4.56. The stock’s fifty-two-week range spans from a low of $2.98 to a high of $8.56.
SPCE Stock Earnings
Virgin Galactic (SPCE) posted disappointing figures, reporting an earnings per share (EPS) of ($0.57) for the quarter, falling short of the consensus estimate of ($0.50) by ($0.07). The company’s negative return on equity of 107.33% and a negative net margin of 23,751.78% raised concerns among investors. Additionally, Virgin Galactic generated revenue of $0.39 million during the quarter, significantly below the consensus estimate of $1.32 million. Comparatively, in the same period the previous year, the company had posted an EPS of ($0.36). Nevertheless, the company’s quarterly revenue showed a substantial increase of 296.5% on a year-over-year basis. Sell-side analysts anticipate that Virgin Galactic will report earnings per share of -2.04 for the current fiscal year.
Virgin Galactic Inc. Stock Forecast
According to 11 analysts, the average target price for Virgin Galactic Holdings Inc stock over the next 12 months is USD 4.85. The average rating given by Analysts on SPCE Stock is “Hold.” Stock Target Advisor’s analysis of the company’s stock indicates a bearish outlook, with 1 positive signal and 9 negative signals. The closing price of Virgin Galactic Holdings Inc’s stock was USD 4.91. Over the past week, the stock price has increased by +22.75%, while over the past month it has risen by +39.89%. However, the stock price has declined by -25.04% over the last year.