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Spcebuy

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
SPCE Ready to Go? Virgin Galactic Holdings Short Term - We look to Buy at 10.11 (stop at 9.18) Broken out of the channel formation to the upside. Trading volume is increasing. Dip buying offers good risk/reward. Previous resistance, now becomes support at 10.00. Our profit targets will be 14.31 and 16.41 Resistance: 14.00 / 17.00 / 20.00 Support: 10.00 / 7.00 / 5.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:SPCELong
by Saxo
Virgin Galactic delayed commercial flights until Q4 2022 Virgin Galactic delayed the start of start commercial flights until Q4 2022. I expect it will touch the 16.20usd strong support from which it should consolidate before another leg up. Virgin Galactic reopened ticket sales with prices starting at $450,000 per seat. They sold 600 tickets so far. Jefferies sees Virgin Galactic's total addressable market at $120 billion and Virgin Galactic's revenue hitting $1.7 billion by 2023. If the brokerage firm is right, then the 4.775Bil mk cap is undervalued right now. I`m looking forward to read your opinion about it.
NYSE:SPCE
by TopgOptions
8
$SPCE is nearing the bottom of its multi-year channel! 200% +$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 - LONG - PRICE TARGET 31.72 - 32.75LONG POSITION ENTERED AT $30.70 SPCE: Lots of technical confluence present in the 30m chart of SPCE. As you can tell in the chart, there is a big fat double-top which seems to have failed. This is your classic example of "what should happen, doesn't." (Peter Reznicek). This seems to be a common theme with SPCE latley, as you can see you had two previous 30m candle break below the trendline but price still continued upwards. When this occurs you should prepare to the exact opposite of what should've happened, in this case go long as the price should of went lower. In a solid double top, you should see the price break below on the second touch of the neckline. This is not the case as it broke out of a 30m balance zone to the upside, while also bouncing off the trendline indicating a bullish trend continuation. RSI is continuing upward. Also looks like you have people loading up long last minute with large volume on the last 30m of the day. There's really two options here: The double top has failed, continues upward to form a triple top(more likely IMO), or it breaks all the way up to the top of the trendline. The only objection I have to the triple top is the volume profile shows that price has not stayed around that range for a long duration and it's possible it'lI gap up right past it Monday morning to get closer to the Point of Control. If a gap-up above 31.70 doesnt occur Monday, I plan on taking profits at the 31.70 mark as the price will likely quickly reverse if it does form a triple top. I will re-enter if the triple top fails at the 31.70 mark and set my stop slightly under and target the upper trendline at $32.75. Thank you for your time, for the sake of increasing my own personal knowledge, while also sharing what i've learned so far, you can look forward to more of my technical analysis in the future. Weekends will be the days I will publish. I would like harsh criticism from any fellow traders, especially more experienced ones. Feel free to give me your thoughts. Thanks and have a happy Easter!!
NYSE:SPCELong
by GeneticHustle
4
SPCE Long- Catching the Falling KnifeSPCE has gotten destroyed after the announcement that their first test flight is to be pushed back until May. Despite this massive downturn I want to buy the dip and hold through April and maybe May. One of the imminent risks with any aircraft stock is the potential of failure. This would likely cause even more selling of the stock. In part this is why I like the swing trade to April. It will give time for the market as a whole to recover as well as the individual stock. My target for this stock is $43.98 by April 20th.
NYSE:SPCELong
by crawfordpaul
4
SPCE update Spce has a little more to drop looking for a bounce at 22.68 was to focused on my minor count in my previous charts, under 21.35 I would cut short term options but good area to add long term shares. Spce is a great company and has potential to run over ATH but this is al on speculation next space launch date is announced early next year. Keep in mind this could really mean we wont get a launch till mid or late 2021. But If history repeats we will run. Take a look at the last time Spce was at 20 and announced launch date
NYSE:SPCELong
by jUiCE_Trades