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
Spcesignal
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.
SPCE: Ready to go (down) Virgin Galactic Holdings
Short Term - We look to Sell at 7.33 (stop at 8.19)
Preferred trade is to sell into rallies. Broken out of the channel formation to the downside. Mixed and choppy price action resulted in the early move lower being sustained and prices closing lower. Our overall sentiment remains bearish looking for lower levels.
Our profit targets will be 5.27 and 4.18
Resistance: 7.00 / 9.00 / 11.00
Support: 5.00 / 4.00 / 3.00
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$SPCE is nearing the bottom of its multi-year channel! 200% +$SPCE has been very predictable in the past and has the potential to bounce over 200% here as it's nearing the bottom of a very long channel.
Virgin Galactic Holdings, Inc. , an integrated aerospace company, develops human spaceflight for private individuals and researchers in the United States. It also manufactures air and space vehicles. The company's spaceship operations include commercial human spaceflight, flying commercial research, and development payloads into space. In addition, it engages in the design and development, manufacturing, ground and flight testing, and post-flight maintenance of spaceflight vehicles. The company was founded in 2017 is headquartered in Las Cruces, New Mexico.
SPCE: A chance that comes once in your lifeExtremely focus on chart details, please. We all can be reach if we dealt with what will happen on the 11th of July wisely
Massive run ahead, be wise, and aware of your resistances, take care!
TP1: All-time highs level (recommend you to hold because it will be weak)
TP2: 65$ (sell 50% then add above 70$)
TP3: 90$ (sell 90% of your shares, and just hold 10% till 100$)
SPCE Virgin Galactic Ready For Selloff? This is when i told you about the Buying opportunity of Virgin Galactic stocks, at 21 usd:
Test flight failed to reach outer space!
The company said that during a test flight launched on Dec. 12, the rocket motor “did not fire due to the ignition sequence not completing,” keeping the flight from reaching space. (marketwatch.com)
The indicators gave a sell signal on Friday.
f you are interested to test some amazing BUY and SELL INDICATORS that i use, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
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%.
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
SPCE LONG SET UP ON PULLBACK (MOON TIME)BUY SPCE LONG SET UP ON PULLBACK
ENTRY 1 23.68
ENTRY 2 20.48
SL 14.00
TP.1 32.44 & TP.2 34.48
TP.3 38.00 & TP.5 44.00
stock dropped 15.5% in Wednesday trading. Don't cry too hard for the company, though -- the stock is still up 300% in the past couple of months.
Why did Virgin Galactic go down so much today, though? One word tells the tale: earnings.
SPCE LONG ON PULLBACKBUY 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...
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
SPCE LONG SET UP ON PULLBACKBUY SPCE LONG SET UP ON PULLBACK
ENTRY 1 23.68
ENTRY 2 20.48
SL 14.00
TP.1 32.44
TP.2 34.48
TP.3 38.00 & TP.5 40.00
Virgin Galactic is one step closer to blastoff.
The aerospace company's stock price surged as much as 19% on Friday to an all-time high of $28.23 per share, capping off five straight days of gains.
Virgin Galactic announced on Thursday that it had relocated its SpaceShipTwo, named the VSS Unity, from Mojave, California, to its commercial headquarters at Spaceport America's Gateway to Space building in New Mexico.
Moving the spacecraft is a milestone for Virgin Galactic, as the VSS Unity will eventually shuttle paying customers to space and back from the Spaceport America facility, the company said. At the beginning of 2020, it set a goal of sending its founder, Sir Richard Branson, into space this year, for this 70th birthday, CEO George Whitesides told CNBC.
Virgin Galactic's stock has more than doubled so far in 2020, fueled in part by bullish ratings from Wall Street firms that recommended investors buy shares, citing the company's near-term monopoly on space travel and comparing it to Tesla.
That hasn't stopped short-sellers from pouring $388 million into bets against Virgin Galactic, roughly 31% of the company's float, Bloomberg reported, citing data from the financial-analytics firm S3 Partners. Short-sellers are down $214 million in mark-to-market losses since November, including a $10 million loss on Friday's stock spike, according to the report.
As of September 30, Virgin Galactic had a waitlist with more than 600 people from 60 countries signed up to take a space-tourism flight. Each ticket costs about $250,000, adding up to $80 million in collected deposits and $120 million in potential revenue, Virgin Galactic confirmed in its third-quarter earnings report.
Virgin Galactic became the first publicly traded space-tourism stock on the market in October when it began trading under the ticker SPCE. Its main competitors are Blue Origin, owned by Jeff Bezos, and SpaceX, owned by Elon Musk.
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