57.3 F
New York
Tuesday, October 27, 2020

The Rejuvenation of Virgin Galactic Holdings Inc. (NYSE:SPCE)

Must read

GoodRx Holdings Inc. (NASDAQ:GDRX) on the Path to Ruin

GoodRx Holdings Inc. (GDRX) shares are trading at lower $49.60. To add more color to this target, the company’s high over the last year...

The Unprecedented Rise of Livongo Health Inc. (NASDAQ:LVGO)

Livongo Health Inc. (LVGO) shares are trading at lower $136.67 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Investor Confidence is Falling for SL Green Realty Corp. (NYSE:SLG)

SL Green Realty Corp. (SLG) shares are trading at lower $45.87 and the avg recommendation for the stock is Moderate Buy, while the current...

The Forecast Just Changed on Carvana Co. (NYSE:CVNA)

Carvana Co. (CVNA) shares are trading at lower $201.38 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Virgin Galactic Holdings Inc. (SPCE) shares are trading at higher $15.92 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $25.33.

To add more color to this target, the company’s high over the last year is $42.49 and the low is $6.90. Over the last 52 weeks, SPCE is up 51.04% while the S&P 500 is up 8.70%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

Find out when SPCE reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. SPCE has a short ratio of 2.17 and outstanding shares of 211.79M.

Company Outlook

SPCE has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 8.33 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.56. Virgin Galactic Holdings Inc. SPCE also noted assets of $490.98 million at the end of the last quarter. Investors should also keep an eye on sector updates as SPCE has historically followed its peers on positive news.

All told, Virgin Galactic Holdings Inc. SPCE has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SPCE represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Virgin Galactic Holdings Inc. SPCE is now commanding a market cap of 3.72B and a float of 168.10M. SPCE is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of SPCE stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in SPCE, either long or short, and we have not been compensated for this article.

Latest article

Trxade Group Inc. (NASDAQ:MEDS) is Holding Steady

Trxade Group Inc. (MEDS) shares are trading at higher $6.20 and the avg recommendation for the stock is Strong Buy. To add more color...

Investor Confidence is Falling for American Campus Communities Inc. (NYSE:ACC)

American Campus Communities Inc. (ACC) shares are trading at lower $37.05 and the avg recommendation for the stock is Moderate Buy, while the current...

State Street Corporation (NYSE:STT) is Gaining Momentum on Earnings Catalyst

State Street Corporation (STT) shares are trading at lower $63.51 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

The Rejuvenation of 2U Inc. (NASDAQ:TWOU)

2U Inc. (TWOU) shares are trading at lower $36.47 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Builders FirstSource Inc. (NASDAQ:BLDR) Recent Earnings Shows Major Concern

Builders FirstSource Inc. (BLDR) shares are trading at lower $31.69 and the avg recommendation for the stock is Strong Buy, while the current analyst...