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Virgin Galactic Holdings Inc Stock Research

SPCE

4.10USD+0.07(+1.74%)Market Closed

Market Summary

USD4.10+0.07
Market Closed
1.74%

SPCE Stock Price

SPCE RSI Chart

SPCE Valuation

Market Cap

1.1B

Price/Earnings (Trailing)

-2.26

Price/Sales (Trailing)

488.38

EV/EBITDA

-1.74

Price/Free Cashflow

-2.85

SPCE Price/Sales (Trailing)

SPCE Profitability

Operating Margin

17.56%

EBT Margin

-21607.01%

Return on Equity

-104.15%

Return on Assets

-43.88%

Free Cashflow Yield

-35.14%

SPCE Fundamentals

SPCE Revenue

Revenue (TTM)

2.3M

Revenue Y/Y

516.31%

Revenue Q/Q

13.3%

SPCE Earnings

Earnings (TTM)

-500.2M

Earnings Y/Y

-86.67%

Earnings Q/Q

-3.62%

Price Action

52 Week Range

3.2511.25
(Low)(High)

Last 7 days

-10.7%

Last 30 days

-29.2%

Last 90 days

12.3%

Trailing 12 Months

-57.9%

SPCE Financial Health

Current Ratio

5.44

SPCE Investor Care

Shares Dilution (1Y)

6.67%

Diluted EPS (TTM)

-1.89

Peers (Alternatives to Virgin Galactic Holdings)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
124.4B
66.0B
-1.04% 6.18%
21.7
1.88
-1.58% -9.23%
117.7B
66.6B
-4.00% 4.49%
-23.86
1.77
6.94% -17.44%
69.7B
36.6B
-4.56% 1.21%
14.24
1.9
2.62% -30.11%
40.2B
5.6B
-5.01% 4.17%
43.17
7.14
15.29% 17.40%
MID-CAP
9.7B
2.3B
-4.88% 6.87%
27.48
4.38
20.68% 11.62%
8.0B
10.7B
-8.87% -0.16%
13.78
0.75
12.10% 6.43%
2.4B
5.0B
-10.77% -36.34%
-5.96
0.54
27.24% -0.91%
2.3B
487.1M
5.72% -9.46%
-290.18
4.67
8.46% -5840.15%
SMALL-CAP
1.7B
898.3M
16.78% -36.62%
-45.38
1.86
10.70% -1745.00%
1.6B
1.8B
1.32% 7.30%
17.55
0.87
6.02% 23.12%
1.1B
2.3M
-29.19% -57.86%
-2.26
488.38
-29.77% -41.73%
677.9M
1.4B
-18.13% -61.81%
7.02
0.49
-10.88% 191.35%
637.3M
712.5M
-3.87% -2.52%
22.14
0.89
10.40% -78.76%
292.4M
492.8M
-14.20% -7.84%
-14.86
0.62
11.07% 41.98%

Financials for Virgin Galactic Holdings

Income Statement (Last 12 Months)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue46.0%2,312,0001,584,0003,397,0003,611,0003,292,000
Gross Profit-3,020,000----
  S&GA Expenses5.4%175,118,000166,131,000168,286,000160,502,000166,814,000
  R&D Expenses24.8%314,174,000251,804,000188,682,000160,961,000144,223,000
EBITDA-16.1%-476,326,000-410,261,000-313,500,000-300,799,000-
EBITDA Margin20.5%-206-259-92.29-83.30-
Earnings Before Taxes-16.2%-499,554,000-430,055,000-332,865,000-316,201,000-352,820,000
EBT Margin20.4%-216-271-97.99-87.57-
Interest Expenses35.8%12,130,0008,930,0005,643,0002,492,00025,000
Net Income-16.3%-500,152,000-430,129,000-332,943,000-316,262,000-352,899,000
Net Income Margin20.3%-216-271-98.01-87.58-
Free Cahsflow-20.7%-396,730,000-328,614,000-279,532,000-253,634,000-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-9.5%1,1401,2591,2681,3521,069
  Current Assets-7.8%1,0021,0861,010950679
    Cash Equivalents-23.3%302394330601524
  Inventory5.2%24.0023.0034.0029.0030.00
  Net PPE9.8%54.0049.0049.0047.0047.00
Liabilities2.2%660646618600175
  Current Liabilities7.9%184171157143132
Shareholder's Equity-21.7%480614651752894
  Retained Earnings-10.2%-1,623-1,472-1,327-1,216-1,123
  Additional Paid-In Capital0.7%2,1112,0971,9881,9762,020
Shares Outstanding0.3%275274259258258
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-21.0%-380-314-270-248-230
  Share Based Compensation-4.0%46.0048.0048.0051.0062.00
Cashflow From Investing32.1%-286-421-771-593-387
Cashflow From Financing2.1%459449847849489

Risks for SPCE

What is the probability of a big loss on SPCE?

67.7%


Probability that Virgin Galactic Holdings stock will be more than 20% underwater in next one year

67.7%


Probability that Virgin Galactic Holdings stock will be more than 30% underwater in next one year.

61.1%


Probability that Virgin Galactic Holdings stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does SPCE drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Virgin Galactic Holdings was unfortunately bought at previous high price.

Drawdowns

Returns for SPCE

Cumulative Returns on SPCE

-16.4%


5-Year Cumulative Returns

-36.9%


3-Year Cumulative Returns

What are the long-term rolling returns for SPCE?

FIve years rolling returns for Virgin Galactic Holdings.

Annualized Returns

Which funds bought or sold SPCE recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-0.04
-27,344
77,656
-%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-57.75
-52,000
23,000
-%
2023-02-28
Voya Investment Management LLC
unchanged
-
-108,808
308,192
-%
2023-02-24
NATIXIS
reduced
-1.19
-45,681
105,319
-%
2023-02-21
MACQUARIE GROUP LTD
sold off
-100
-18,000
-
-%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
added
0.5
-301
699
-%
2023-02-17
Coppell Advisory Solutions Corp.
new
-
432
432
-%
2023-02-16
HARBOUR INVESTMENTS, INC.
unchanged
-
-6,778
9,222
-%
2023-02-15
JANE STREET GROUP, LLC
added
34.47
-9,872
1,437,130
-%
2023-02-15
Apollon Wealth Management, LLC
sold off
-100
-145,000
-
-%

1–10 of 38

Latest Funds Activity

Are funds buying SPCE calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own SPCE
No. of Funds

Virgin Galactic Holdings News

Nasdaq

Guru Fundamental Report for SPCE - Benjamin Graham.

Nasdaq,
6 hours ago

StockNews.com

Schedule 13G FIlings of Virgin Galactic Holdings

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
7.28%
19,982,247
SC 13G/A
Feb 03, 2023
state street corp
6.30%
17,308,278
SC 13G
Nov 15, 2021
virgin investments ltd
11.9%
30,745,494
SC 13D/A
Nov 15, 2021
sch sponsor corp.
0.0%
0
SC 13D/A
Oct 19, 2021
mubadala investment co pjsc
4.3%
1
SC 13D/A
Aug 13, 2021
virgin investments ltd
18.0%
46,345,494
SC 13D/A
Apr 15, 2021
virgin investments ltd
24.0%
56,819,260
SC 13D/A
Mar 05, 2021
sch sponsor corp.
10.02%
23,750,000
SC 13D/A
Jan 14, 2021
mubadala investment co pjsc
5.04%
1
SC 13D/A
Dec 17, 2020
sch sponsor corp.
10.13%
23,750,000
SC 13D/A

SPCE Fair Value

Virgin Galactic Holdings fair value in different scenarios

The table shows the Fair Value estimates for Virgin Galactic Holdings for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

0.36

-91.22%

0.36

-91.22%

0.37

-90.98%

0.37

-90.98%

0.37

-90.98%
Current Inflation

0.36

-91.22%

0.36

-91.22%

0.36

-91.22%

0.37

-90.98%

0.37

-90.98%
Very High Inflation

0.36

-91.22%

0.36

-91.22%

0.36

-91.22%

0.37

-90.98%

0.37

-90.98%

Historical Virgin Galactic Holdings Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Virgin Galactic Holdings

View All Filings
Date Filed Form Type Document
Mar 20, 2023
4
Insider Trading
Mar 20, 2023
4
Insider Trading
Mar 20, 2023
4
Insider Trading
Mar 20, 2023
4
Insider Trading
Mar 13, 2023
4
Insider Trading
Mar 07, 2023
8-K
Current Report
Feb 28, 2023
10-K
Annual Report
Feb 28, 2023
8-K
Current Report
Feb 27, 2023
4
Insider Trading
Feb 13, 2023
4
Insider Trading

Latest Insider Trading transactions for SPCE

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-17
Colglazier Michael A
gifted
-
-
7,950
see remarks
2023-03-17
Colglazier Michael A
gifted
-
-
-15,900
see remarks
2023-03-16
Chitale Aparna
acquired
-
-
204,598
see remarks
2023-03-16
Burns Alistair
acquired
-
-
71,795
see remarks
2023-03-16
Ahrens Douglas T
acquired
-
-
537,068
see remarks
2023-03-16
Colglazier Michael A
acquired
-
-
159,314
see remarks
2023-03-10
Ahrens Douglas T
sold (taxes)
-5,492
4.98
-1,103
see remarks
2023-02-24
Burns Alistair
sold (taxes)
-1,260
5.48
-230
see remarks
2023-02-10
Burns Alistair
sold (taxes)
-512
4.98
-103
see remarks

1–10 of 50

Michael Colglazier
800
Virgin Galactic Holdings, Inc. focuses on the development, manufacture, and operation of spaceships and related technologies for conducting commercial human spaceflight and flying commercial research and development payloads into space. It is also involved in the ground and flight testing, and post-flight maintenance of its spaceflight system vehicles. The company serves private individuals, researchers, and government agencies. Virgin Galactic Holdings, Inc. was founded in 2017 is headquartered in Las Cruces, New Mexico. Virgin Galactic Holdings, Inc. was a former subsidiary of Virgin Orbit Holdings, Inc.

SPCE Income Statement

2022-12-31
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]   
Revenue$ 2,312$ 3,292$ 238
Operating expenses:   
Customer experience1,906272173
Selling, general and administrative175,118166,814111,203
Research and development314,174144,223154,365
Depreciation and amortization11,09811,5189,781
Total operating expenses502,296322,827275,522
Operating loss(499,984)(319,535)(275,284)
Interest income12,5021,2082,277
Interest expense(12,130)(25)(36)
Change in fair value of warrants0(34,650)(371,852)
Other income, net5818214
Loss before income taxes(499,554)(352,820)(644,881)
Income tax expense598796
Net loss(500,152)(352,899)(644,887)
Other comprehensive income (loss):   
Foreign currency translation adjustment(146)129(54)
Unrealized loss on marketable securities(5,311)(2,003)0
Total comprehensive loss$ (505,609)$ (354,773)$ (644,941)
Net loss per share:   
Basic (in dollars per share)$ (1.89)$ (1.43)$ (2.94)
Diluted (in dollars per share)$ (1.89)$ (1.43)$ (2.94)
Weighted-average shares outstanding:   
Weighted average common shares outstanding - basic (in shares)263,947247,619219,108
Weighted average common share outstanding - diluted (in shares)263,947247,619219,108

SPCE Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 302,291$ 524,481
Restricted cash40,33625,549
Marketable securities, short-term606,71679,418
Inventories24,04329,668
Prepaid expenses and other current assets28,22819,476
Total current assets1,001,614678,592
Marketable securities, long-term30,392301,463
Property, plant and equipment, net53,65847,498
Other non-current assets54,27441,281
Total assets1,139,9381,068,834
Current liabilities:  
Accounts payable16,3269,237
Accrued liabilities61,84828,787
Customer deposits102,64790,863
Other current liabilities3,2322,636
Total current liabilities184,053131,523
Non-current liabilities:  
Convertible senior notes, net415,7200
Other long-term liabilities59,94243,047
Total liabilities659,715174,570
Commitments and contingencies (Note 16)
Stockholders' Equity  
Preferred stock, $0.0001 par value; 10,000,000 authorized; none issued and outstanding00
Common stock, $0.0001 par value; 700,000,000 shares authorized; 275,397,229 and 258,166,417 shares issued and outstanding as of December 31, 2022 and 2021, respectively2826
Additional paid-in capital2,111,3162,019,750
Accumulated deficit(1,623,795)(1,123,643)
Accumulated other comprehensive loss(7,326)(1,869)
Total stockholders' equity480,223894,264
Total liabilities and stockholders' equity$ 1,139,938$ 1,068,834