Is Virgin Galactic Holdings Inc (NYSE: SPCE) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Virgin Galactic Reports Inducement Awards Under NYSE Listing Rule 303A.08.

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Stocks Info

SPCE belongs to the Industrials sector of the NYSE while operating in the Aerospace & Defense industry. The current market capitalization of Virgin Galactic Holdings Inc is $572.06M. A total of 6.53 million shares were traded on the day, compared to an average of 9.20M shares.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, SPCE has a high of $6.17 and a low of $1.33.

As of this writing, SPCE has an earnings estimate of -$0.29 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.24 per share and a lower estimate of -$0.37. The company reported an EPS of -$0.28 in the last quarter, which was 34.90% higher than expectations of -$0.43.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. SPCE’s latest balance sheet shows that the firm has $603.90M in Cash & Short Term Investments as of fiscal 2021. There were $27.52M in debt and $131.52M in liabilities at the time. Its Book Value Per Share was $1.26, while its Total Shareholder’s Equity was $894.26M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SPCE is Buy with a score of 2.88.

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