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Spceanalysis

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
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 New All Time Lows & Price Decline TargetsHi Guys! This is a Technical Analysis on Virgin Galactic Holdings (SPCE) on the 3 Day Timeframe. We have been on a continual PRICE DECLINE since our MAJOR REJECTION, June 22, 2023. Its depicted by the Massive ENGULFING BEAR Candle. This area was also a Major RESISTANCE area with convergence of the RED and PURPLE lines. Note that Previous times we've had touch points on the PURPLE Upper Trendline of the Channel we've had massive PRICE DECLINES. 1st one = 53% 2nd one = 60% 3rd one = 54% At the time of my previous posted Idea, we had closed below the BLACK SUPPORT trendline. But i mentioned we needed "Confirmation". Well its absolutely CONFIRMED, and thus continual price decline. (Check out my previous idea on SPCE BELOW for more context.) We have also reached 2 of our 3 TARGETS mentioned on my previous idea, with continual BEARISH momentum therefore the update. We are Currently in the process of printing a New Lower Low for SPCE, with the break of our MAJOR SUPPORT RED Dashed line. Note also: Since this is a 3 day chart, we close the candle on the 17th of August. We also would need atleast 1 more candle after that if not more, that confirms the BREAK of SUPPORT. With our current momentum i believe we may have further DECLINE. 1st Target = BLUE Support Trendline 2nd Target = PURPLE Lower Support Trendline of Channel For Awareness -> It is possible we bounce from the BLUE line, a potential retracement being the BLACK trendline we initially broke out of. Keep an eye for Confirmation of Support. But I still do think its PROBABLE we touch the PURPLE Channel as our Final Target, and potential BOTTOM. Whether right away or after the bounce play mentioned above, hard to tell currently. I like this area because it would Strengthen the BULLISH DIVERGENCE currently forming. (Provided the signs of BULLISH DIvergence remain in our indicators). I see this as a necessary capitulatory move, flushing out weak hands and setting out a Bottom Base. At the end of each PRICE DECLINE, when we interact with the PURPLE Lower Trendline of the Channel. It leads to a significant bounce back up to the Upper Trendline of Channel. I won't highlight the % gains. I want you to Measure them for yourself but there MASSIVE gains. Keep that in mind. On the RSI, we've been REJECTED. Now we are moving towards the lower Support line that coincides with the BULLISH DIVERGENCE Play. We need to maintain SUPPORT here. Furthermore, for our BULLISH DIVERGENCE to play out we need to BREAK ABOVE Rejection zone. STOCH RSI is currently Below the 20 level. We don't want to be here for too long. We need to see a BULLISH cross above the 20 level. It moving towards the direction of the 80 level. The BULLISH cross should occur after touching one of the 2 TARGETS. Just keep in mind, if we are going to go to the PURPLE line, we may be staying down here for weeks to couple months. Keep an eye Notice also our VOLUME -> Our volume has been picking up since RJECTION. Which validates this Downtrend. Was giving us some hints before New Lows. Just food for thought: As a trader always have your options open and be flexible. We do not have crystal balls of what price will do. Being unpredictable, markets do what they want based on human psychology so never fixate on one target. Keep an open mind to different possibilities. __________________________________________________________________________________ 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. ***Read my Previous Analysis BELOW From 08/06/23 For More Context! Stay tuned for more updates on SPCEin the near future. 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. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NYSE:SPCEShort
by SafofAllTrades
13
$SPCE is nearing the bottom of its multi-year channel! 200% +$SPCE has been very predictable in the past and has the potential to bounce over 200% here as it's nearing the bottom of a very long channel. Virgin Galactic Holdings, Inc. , an integrated aerospace company, develops human spaceflight for private individuals and researchers in the United States. It also manufactures air and space vehicles. The company's spaceship operations include commercial human spaceflight, flying commercial research, and development payloads into space. In addition, it engages in the design and development, manufacturing, ground and flight testing, and post-flight maintenance of spaceflight vehicles. The company was founded in 2017 is headquartered in Las Cruces, New Mexico.
NYSE:SPCELong
by jeffreytesterman
SPCE: ALL SUPPORTS AND RESISTANCESNYSE:SPCE Here is the chart showing all Fibonacci levels . What now? Three different scenarios: -1. consolidation at the current level, and bullish continuation to 40 in a few days. -2. Immediate bullish continuation. -3. We pull back to retest the orange line. From a technical point of view, my opinion is that we will retest the orange line before going higher. From a fundamental perspective, December is a bullish month for stocks and SPCE could announce the date of its test flight very soon, which would send the stock to the moon. What's your favorite scenario?
NYSE:SPCE
by Elpidaldo
6
SPCE GETS PRICE UPGRADE TO $35 TARGET (LONG SET UP)TITLE- BUY SPCE ON PULLBACK Asset-Stock ENTRY 1 19.90 ENTRY 2 16.90 SL 13.90 TP.1 24.90 TP.2 29.90 TP.3 34.90 Shares of Virgin Galactic Holdings (SPCE) jumped 3.4% in premarket trading Monday, after a bullish call from Cowen analyst Oliver Chen, saying the spaceflight services company is the way to won the "final luxury frontier." Chen initiated coverage of Virgin Galactic with an outperform rating and stock price target of $22, which is 26% above Friday's closing price of $17.46. " is uniquely positioned to benefit from the growing consumer interest toward luxury experiences, especially among high-net-worth individuals," Chen wrote in a note to clients. "We believe a substantial growth opportunity lies ahead with the commercial spaceflight business, which already has 600 reservations, and the development of high-speed point-to-point travel." He said a Cowen survey indicated there was a large addressable market for commercial spaceflight, with high long-term engagement and awareness. The stock has rallied 51.2% year to date through Friday, while the S&P 500 has advanced 8.6%.
NYSE:SPCELong
by MavRich_Trading
SPCE OVERVIEW Why Virgin Galactic Could Keep Falling as Investor Unease Increases In the first quarter of 2020, Virgin Galactic (NYSE:SPCE) defied gravity. The stock peaked at an incredible $42.89 by late February. The impossible valuations came to a quick end when market selling accelerated. The nearly full shutdown across the United States and in Europe put an end to reckless stock buying. SPCE stock fell below $10 last month and is in danger of forging new lows ahead.Source: Christopher Penler / Shutterstock.com Why would investors speculate on Virgin Galactic when the com Yahoo Finance · Apr 9
NYSE:SPCELong
by MavRich_Trading
SPCE LONG SET UP ON PULLBACK FOR NEW ALL TIME HIGH of $50-$55)BUY SPCE LONG SET UP ON PULLBACK ENTRY 1 30.68 &SL 28.00 TP.1 39.44 TP.2 45.48 TP.3 50.00 In this wild stock market, some investors favor Tesla and Virgin Galactic over Apple and Amazon Both Virgin Galactic and Tesla provide short-term trading opportunities for sophisticated investors both from the long side and the short side. Our system gave a signal to short-sell Virgin Galactic for a very short-term trade near the highs. However, there was no point in publishing that signal because the shares were not readily available to short. The plan is to trade only those setups where there is reasonable risk control. It is also important to pay attention to Arora’s 14th Law: “To be successful at investing and trading, become a master of position sizing.” BUY SPCE LONG SET UP ON PULLBACK ENTRY 1 30.68 SL 28.00 TP.1 39.44 TP.2 45.48 TP.3 50.00 Virgin Galactic is one step closer to blastoff. In this wild stock market, some investors favor Tesla and Virgin Galactic over Apple and Amazon
NYSE:SPCELong
by MavRich_Trading