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SPCE

Eternal PainWill Virgin Galactic ever provide share holders with anything but pain? The board is no help as they continue to issue more shares. However; there is a potential bright future. Currently the equity value of the company is lower than the liquidation value of the firm. The enormous cash burn is slowing as most of the capex necessary for flights is ready to go. Given their booking backlog, once they start a solid rhythm a lot of cash is going to be generated. Look at their most recent investor presentation. With conservative estimates when (if) regular flights begin one spaceport will generate $500m per annum in EBIT [ ] With profits and any sort of multiple on earnings the future could be galactic. My hopium induced reason for owning this since $5.90 is one day in the next 3-5 years this could be a legitimate 100+ bagger. Space is the ultimate growth arena and with SpaceX focused on mars and industrial matters, Blue Origin no where to be found, the moat is large and the industry is wide open.
NYSE:SPCELong
by tyjohnson123d1
6
SPCE (Virgin Galactic Holdings, Inc.) BUY TF D1 TP = 24.46On the D1 chart the trend started on Aug. 9. (linear regression channel). There is a high probability of profit taking. Possible take profit level is 24.46 This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.” Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested in it. Thank you! Good luck! Regards, WeBelievelnTrading
NYSE:SPCELong
by WeBelieveInTrading
1
The Painful Years of Doomscrolling Are Coming to an End: UpdateMade a throw in the 5th wave. Most likely a reversal. Virgin Galactic's Arguments: Virgin Galactic claims that Boeing performed substandard work and did not provide all the required data. The company also asserts that it has rights to use the transferred trade secrets according to the contract. If Virgin Galactic can convincingly prove that Boeing indeed performed inadequately and that the transferred information rightfully belongs to Virgin Galactic or is used legally, the court may rule in their favor. Chances of Success: Quality of Evidence: Strong documentary evidence of Boeing's poor performance and confirmation of intellectual property rights. Legal Strategy: Skillful legal defense and counterarguments that can persuade the judge of Virgin Galactic's position. History of Lawsuits: If Boeing has a history of losing similar cases, this could strengthen Virgin Galactic's position. Impact of Recent Events: The results of the CST-100 Starliner's mission to the ISS, which began on June 5 and was supposed to last eight days until June 13, 2024, will also significantly influence the outcome of the legal case. Forecast: Predicting the exact chances is difficult without a detailed analysis of all the case materials. However, if Virgin Galactic's evidence and arguments are convincing, the company has a real chance of success. Updates: Starliner's Extended Stay: NASA reported that the Starliner's stay at the ISS has been extended and it will not leave the station before June 22. This extension may impact the ongoing legal proceedings between the companies. Potential Boeing Scandal: American astronauts are stranded on the ISS due to a malfunction of the Boeing Starliner spacecraft. During the flight, four engines failed simultaneously, and before the departure to Earth, the astronauts discovered a significant helium leak, which is essential for the fuel system's operation. NASA is currently exploring the possibility of a rescue operation; however, the astronauts have limited time: the spacecraft can remain docked to the station for only 45 days. These issues with the spacecraft could negatively impact Boeing's position in the legal case and improve Virgin Galactic's chances of success.
NYSE:SPCELong
by Logica_Levels
3
The Painful Years of Doomscrolling Are Coming to an End:Uncovering the True Structure of Social Sentiment in NYSE:SPCE I have identified a descending five-wave impulse pattern, where the fifth wave forms a terminal diagonal. Confirmation Criteria for My Analysis: By June 22-23, the price must precisely reach the $1.38-$1.39 range, not a cent higher or lower, and then correct in the format of the 5th wave of the terminal diagonal. By October 16-18, 2024, the correction should not drop below $0.3576 for the 5th wave of the diagonal. If these conditions are met, it would be an opportunity to look for a long position targeting a new high above the (E) wave of the impulse and a subsequent long-term bullish trend (keep an eye on the golden crumbs). Additional Insight: It is possible that the 4th wave of the diagonal has already been set, and there is a slight chance that the 5th wave of the terminal diagonal is also complete. The price might drop as low as $0.36, but it might not happen until as late as September 9, 2024. Once the lows are established by September 9, 2024, they must not be broken under any circumstances. If these lows are breached, we will need to explore alternative scenarios. Alternative Scenario: I foresee a blood-red path, but this requires a more detailed explanation, which I will provide later.
NYSE:SPCELong
by Logica_Levels
2
Virgin Galactic: Sky's the Limit for Space Tourism's TrailblazerVirgin Galactic is pioneering the emerging space tourism industry, with a successful test flight marking an important milestone. With a strong brand, visionary leadership, and a growing list of customers, the company is poised to capitalize on the high-end tourism market. Moreover, Virgin Galactic has the potential to generate substantial revenue from jet propulsion sales, and its stock price has been volatile but overall bullish.
NYSE:SPCELong
by EgideSimba
MNTS- Momentus secures federal contract LONGMNTS is now contracted with the Pentagon and NASA for space exploration work including satellites and a space station pages.optimallivingdynamics.com Traders and investors reacted in the past day or two. MNTS is currently priced at about 99.9 % of its ATH of about $1250 three years ago. Accordingly, it is a penny stock with a potential 1000X upside. That is to say $ 1000 could become $1 M. 135 million shares traded in the past day. Revenue increased 4X quarter to quarter. The Price X Volime Trend had and impressive pop I will take a speculative long trade here for a long duration swing trade to see if MNTS can launch higher.
NASDAQ:MNTSLong
by AwesomeAvani
4
SPCE this penny stock could launch from the support area LONGSPCE has lots of potential but sometimes gets bogged down with "technical difficulties" It is burning cash just less than the analysts have predicted. As such it is a risky trade. Best probabilities for success on a long trade is to buy as low as possible and hope that is its now putting in a reliable double bottom on a six month trend down. On the 30 minute chart I have marked upside targets on the volume profile not shown . I am expecting 100-150% in this swing long trade which may last 4-8 months.
NYSE:SPCELong
by AwesomeAvani
LUNR a space exploation penny stock with momentum LONGLUNR got an injection of trader and investor interest this week on the news that their lunar lander ( robotic unmanned) is launch ready. While it is a publically owned company, 50% is insiders, 40% retail investors and 10% institutions. In is in the shadow of NASA in Houston from whom it has drawn employees. Of particular importance last spring when there was a news catalyst , price went to the moon into the 45 level. This time around is early in the cycle. In February from liftoff to descent and landing took two weeks. Volumes topped out at 7M shares per day. Current volume is about 760K. Price was flat in the Friday after-hours trading on expected diminished trading. I expect LUNR to be actively traded until the news starts getting old. After that, the 50% insiders some of what are just rank and file employees but some of which are executive types with larger share quantities may find away to augment the news cycle. My stop loss is 5 at the Friday afternoon low pivot. My target is near to the head and shoulders of the February high pivot. I especially note a 425% earnings beat ( they only burned 20% of the cash burning projection set by the analysts. Earnings is soon to arrive. This could turn out to be a Tim Sykes' "supernova" with news digestion associated momentum synergized with another earnings beat ( the earnings is probably all grants from NASA and the Pentagon). I assert this could turn out to a a great trade.
NASDAQ:LUNRLong
by AwesomeAvani
3
SPCE - An Excellent Long Term Investment OpportunityTechnical Analysis SPCE is starting to show some bullishness and strength here. I think SPCE will continue trending up, and my key price targets are $2.15 and $2.33 on this move up. A lot of stocks have experienced huge gains after earnings, if SPCE has a similar situation I can see a move up to the $3.07 to $3.47 resistance zone. I wouldn’t count on it, but that is the type of market that we are in right now. Virgin Galactic Holdings Inc (NYSE:SPCE) has made significant strides in the commercial spaceflight domain, as evidenced by its 2023 financial results and operational achievements. With a notable increase in revenue and efforts to reduce losses, Virgin Galactic stands at a pivotal juncture in its quest for profitability and sustainable growth in the burgeoning space tourism sector. This blog provides a comprehensive analysis of SPCE’s financial performance, highlighting the company’s strengths and weaknesses as it navigates the complexities of the aerospace industry. Financial Performance Highlights Revenue Growth In 2023, Virgin Galactic saw its annual revenue increase to $7 million, up from $2 million in 2022. This growth is primarily attributed to the commencement of commercial spaceflights and membership fees from future astronauts, signaling the company’s entry into operational commercialization. Net Loss Improvement The company’s net loss showed a marginal improvement, narrowing to $502 million in 2023 from $500 million in 2022. This slight reduction in net loss reflects Virgin Galactic’s ongoing efforts to streamline operations and manage costs effectively. Operating Expenses And Adjusted EBITDA Virgin Galactic succeeded in decreasing its GAAP total operating expenses to $538 million in 2023 from $502 million in 2022, demonstrating a focus on operational efficiency. Additionally, adjusted EBITDA improved slightly to $(427) million in 2023 from $(431) million in 2022, indicating a cautious optimization of earnings before interest, taxes, depreciation, and amortization. Strong Cash Position A pivotal strength for Virgin Galactic is its robust cash position, with cash, cash equivalents, and marketable securities totaling $982 million as of December 31, 2023. This financial cushion is essential for the company’s sustainability and future growth ambitions. Strengths Virgin Galactic’s progress in 2023 underscores its capability to increase revenue streams through its innovative space tourism services. The successful conduct of six human spaceflights within six months is a testament to the company’s operational excellence and commitment to delivering exceptional experiences to its customers. Moreover, the strong cash position enables Virgin Galactic to continue investing in research, development, and expansion, positioning it for long-term success in the space industry. Weaknesses Despite the positive developments, Virgin Galactic faces several challenges. The net cash used in operating activities and negative free cash flow highlight the capital-intensive nature of the aerospace industry and the significant investments required to maintain competitive edge and innovation. Furthermore, the marginal improvement in net loss and adjusted EBITDA suggests that while the company is moving in the right direction, achieving profitability remains a challenging endeavor that requires strategic focus and operational efficiency. Future Outlook Looking ahead, Virgin Galactic is focusing on the completion of its spaceship factory and the assembly of the initial Delta ships, with commercial service expected to commence in 2026. This forward-looking approach is crucial as the company aims to scale its operations and meet the growing demand for commercial space travel. Conclusion Virgin Galactic’s 2023 financial results reflect a company at the cusp of significant growth, armed with the strengths of increased revenue, operational achievements, and a solid cash position. However, the path to profitability is fraught with challenges, including managing high operational costs and achieving financial efficiency. As Virgin Galactic continues to pioneer the space tourism sector, its ability to navigate these challenges while capitalizing on its strengths will be key to its long-term success and profitability.
NYSE:SPCELong
by realchartchamp
1
Virgin Galactic In the process of Bottoming out? Hi, this is a Technical Analysis on Virgin Galactic (SPCE), it is viewed on the 1 Week timeframe. Our current candle is currently in the process of breaking out BELOW our UPSloping Support Trend Line, highlighted by the RED circle. Note: The candle closes, end of trading session on 7th of August, Monday. Meaning our current candle is not accurate, so we need keep a close eye. If we close ABOVE, our trend continues, giving us yet another week to tread along and hopefully break our ressistance trend lines. Our RESISTANCE is 2 FOLD 1. Upper Resistance line of DOWNWARD CHANNEL 2. RED HORIZONTAL LINE above us If we close BELOW, it means we are attempting a "Trend Change", but this candle alone is not enough, We would need to look for CONFIRMATION. This can be way of a specific single candle printing or a candle pattern formation. (I will be sure to update in the coming weeks). Our 1st Target would be the BLACK Horizontal Support line below Our 2nd Target, which is also a CRITICAL ZONE is our STOCK LOW @ around $3.11, depicted by RED LINE ->Below this, we form a lower low and make NEW LOWS Our 3rd level would be where Lower BLACK line of the DOWNWARD channel and PRICE meet, below the RED Horizontal line. Our overall DIRECTION currently, is DOWN. Evident by the DOWNWARD CHANNEL drawn with BLACK lines. **Until PROVEN OTHERWISE**. -> For us to break the downtrend, we need to break and CONFIRM ABOVE the upper trend line of DOWNWARD CHANNEL. So when im looking at the current candle, im thinking its MORE PROBABLE we go down. Notice how the Week of June 12th and June 20th, we had Large Upper Wicks form, this indicates SELLING PRESURE. The pressure was due to convergence of resistance of the BLACK and RED Resistance lines. The pressure from this event, can be whats pushing our price down. My thought process is that i actually want PRICE to hit the LOWER SUPPORT LINE of the CHANNEL. Doing so, as long as the RSI maintains Higher Lows will lead to the formation of a BULLISH DIVERGENCE. This leads to prices MOVING to the UPSIDE, in most cases. Can be a BOTTOMING pattern, in my opinion. Now lets look to my indicators for more evidence. RSI is getting tight in this symmetrical triangle pattern. We will soon see a breakout ABOVE or BELOW. If we break BELOW, look to the RED line, we want to stay above here for the possibility of a BULLISH DIVERGENCE to be in the picture. ALso note: Symmetrical triangles usually break out to the upside. ORANGE RSI line, should also stay ABOVE the Black moving average. Look left, everytime we CONFIRM below, PRICE DROPS DOWN. STOCH RSI, is in the process of a BEARISH CROSS, this if confirmed on Monday will bring in momentum to push prices DOWN. ADX which is also a momentum indicator, I would like to see the BLACK moving average, curve up, GREEN Line also curve up breaking out of the upper border of rectangle. This would indicate to me that a large amount of bullish momentum is coming in. CONCLUSION: Overall, i believe SPCE is in the process of carving out a BOTTOM. Its evident by the range highlighted by rectangle, we are in some sort of CONSOLIDATION. Our current price action must be observed. In the chance we do CONFIRM below and go lower in price, it will provide great entry levels for BUY ORDERS. If we also hit the lower support trend line of the down channel, the potential for a BULLISH DIVERGENCE may become more probable. With all the evidence being presented, it is important to observe SPCE to see what it does in the coming Weeks to Months. Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. When trading always spend majority of your time on risk management strategy.
NYSE:SPCE
by SafofAllTrades
7
Virgin Galactic (SPCE) - Q2 Interest - Potential Accumulation 📊 Fundamental Analysis: Virgin Galactic has been gaining attention in the market due to a positive Q2 performance. The company's strong quarterly results have sparked interest among investors, potentially indicating positive growth prospects ahead. 📈 Technical Analysis: The chart above illustrates a potential Wyckoff accumulation phase for SPCE. The price action appears to be forming a classic Wyckoff pattern, suggesting a potential bullish reversal. We've seen a series of higher lows forming over time, indicating increasing buying interest. 🔄 Anticipating the Spring Phase: The final confirmation for the Wyckoff accumulation pattern often comes with the "Spring" phase, which involves a liquidity grab at the bottom. In this case, we're watching for a potential dip to the 0.272 Fibonacci level around $2.36. This could act as the liquidity grab, setting the stage for a potential bullish move. 📈 Bullish Confirmation: To confirm the bullish scenario, we're looking for a higher high (an outbreak) in the price action, potentially around the $8 to $10 range. This breakout would validate the accumulation phase and signal a potential trend reversal. 🔍 Key Levels to Watch: Support: 0.272 Fibonacci at $2.36 Breakout Confirmation: $8 to $10 range Let's discuss in the comments below! What are your thoughts on SPCE's potential accumulation phase and breakout scenario? Share your insights!
NYSE:SPCELong
by S5OLDI7
Ninja Talks EP 13: Monk ModeA Bambi's biggest trading obstacle in 2023 will be over trading in a bear market, especially the crypto kiddies looking for their next pump. This is why you have to restrain from whoring yourself out to the market in the hopes of making a quick buck. We call this, monk mode. Not the whoring, the opposite. Monk mode is abstinence from indulgence and has been the theme of a couple of our past episodes - and for good reason, it's what 99% of tiktok traders these days suffer from, so as a public servant and your local connoisseur of fine trade ideas I give you the following guidance. Create a fatal funnel of filtration. Filter trades through a strict process. Example; Potential Potential high quality Triggered high quality Triggered+ confirmation on lower timeframe high quality You can use tradingviews watchlists and flag function to get the job down easy. This process will ensure you (1) Take only A+ setups (2) Remove all unnecessary trade setups (3) Maintain a higher win rate (4) Improve confidence and reduce anxiety and most importantly (5) Eradicate over trading. Does this make sense what I'm saying? Tldr version; Create a very strict filtration system to ensure you don't chase weak trades and only profit from A+ setups. Hope this helps. Follow me here and on Twitter for more. See you in the next episode Ninjas! Nick
NYSE:SPCEEducation
by NinjaTradingServices
To the Mooon?SPCE is stirring up headlines again to try and gain some trading volume it looks like. Their PR team is quite tactical in positioning articles perfectly around earnings reports. Is this some positive news to maybe provide a story to the upcoming earnings report? With the stock being essentially on a slow descent back to earth since it dropped down below the $10 price range, is this where we found some support with the double bottom structure forming. With shares at just $3.91 you can now pick up shares at a great discount compared to IPO.
NYSE:SPCELong
by AirMarketGroup
SPCE ? Consolidation ? Short Squeeze ?SPCE is at a line in the sand of the chaos of the market. On the 4H chart, price has bottomed and might be making a reversal pivot as supported by a rising line segment on the RSI out of the oversold zone. The though of a reversal is also supported by price crossing over the POC line of the volume profile. Price above the POC line shows buyers are dominating although some of the buyers are buying to cover shorts. Below the POC line, sellers are dominating. If SPCE can get a trajectory upward, a short squeeze could ignite a launch. ( Fundamentally, SPCE is dying and waiting for Eton Musk to make a good offer.) This could be worth watching with an alert set 10% above the current price and a volume alert at 50% above the moving average 20-day volume.
NYSE:SPCE
by AwesomeAvani
1
SPCE No Earnings Burning Cash Swing ShortSPCE is losing money for 4 consecutive quarters showing that it is fundamentally a losing proposition, perhaps destined for bankruptcy or alternatively share dilution to raise cash which would prejudice present shareholders. Perhaps these scenarios are baked into the price. On the 4H chart the long downtrend dating back 2 years has continued. After the turn of the calendar year SPCE got a little pullback from the downtrend but has made a head and shoulders during the most recent earnings. It is easy to see Virgin Galactic as a swing short opportunity while it is slowly turning itself into a penny stock. Perhaps it will be Mr. Musk's next project after finishing with Twitter and he will join it into Space-X which may or may not reverse the slow demise. This is a clear case the interplay between risk and reward. I will play this swing short until the week of the next earnings.
NYSE:SPCEShort
by AwesomeAvani
1