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Sergey Savastiouk's Avatar
published in Blogs
Aug 15, 2021

Branson sells $300 million stake in Virgin Galactic (SPCE, $25.40)

Virgin Galactic  founder Richard Branson sold about $300 million of shares, in order to support his other businesses hurt by the pandemic.

According to a regulatory filing, Branson sold off about 10.5 million shares, or 4%, of the company stock. That leaves him with  an 18% stake. The Virgin Group continues to be the largest single shareholder in Virgin Galactic.

The proceeds from the sale will go partly toward Branson's travel and leisure businesses.

The stake sale in Virgin Galactic is Branson’s third since taking it public through a SPAC in 2019. His earlier stake sales were worth $504.5 million and $150.3 million in May 2020 and April 2021, respectively. Branson recovered more than $950 million of his investment in the space company through stake sales since taking it public.

Related Ticker: SPCE

SPCE in -24.36% downward trend, declining for three consecutive days on June 20, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where SPCE declined for three days, in of 317 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on May 29, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SPCE as a result. In of 69 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for SPCE turned negative on May 22, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 41 similar instances when the indicator turned negative. In of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at .

The Aroon Indicator for SPCE entered a downward trend on June 24, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

SPCE moved above its 50-day moving average on June 17, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for SPCE crossed bullishly above the 50-day moving average on June 17, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

SPCE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 89%.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. SPCE’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.469) is normal, around the industry mean (8.081). P/E Ratio (0.000) is within average values for comparable stocks, (43.385). SPCE's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.939). SPCE has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.016). SPCE's P/S Ratio (20.877) is slightly higher than the industry average of (4.478).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SPCE’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 70, placing this stock worse than average.

Notable companies

The most notable companies in this group are GE Aerospace (NYSE:GE), Lockheed Martin Corp (NYSE:LMT), Boeing Company (NYSE:BA), Northrop Grumman Corp (NYSE:NOC), Spirit Aerosystems Holdings (NYSE:SPR), Virgin Galactic Holdings (NYSE:SPCE).

Industry description

Aerospace & Defense is one of largest industries in the U.S., mainly comprising the following areas: commercial airliners, military aircraft, missiles, space, and general aviation. Focused heavily on research & development, it is also one of the fastest growing industries. Military aircraft has the largest market share in the industry’s sales, followed by space systems, civil aircraft, and missiles. Aerospace exports, directly and indirectly, support more jobs than the export of any other commodity, according to a study by the U.S. Department of Commerce. Boeing Company, Lockheed Martin Corporation and General Electric Company are some of the most prominent players in this space.

Market Cap

The average market capitalization across the Aerospace & Defense Industry is 13.21B. The market cap for tickers in the group ranges from 1.66K to 179.78B. GE holds the highest valuation in this group at 179.78B. The lowest valued company is ASDN at 1.66K.

High and low price notable news

The average weekly price growth across all stocks in the Aerospace & Defense Industry was 1%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was 26%. HWKE experienced the highest price growth at 79%, while SPCE experienced the biggest fall at -31%.

Volume

The average weekly volume growth across all stocks in the Aerospace & Defense Industry was -25%. For the same stocks of the Industry, the average monthly volume growth was 156% and the average quarterly volume growth was 29%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 47
P/E Growth Rating: 56
Price Growth Rating: 49
SMR Rating: 80
Profit Risk Rating: 69
Seasonality Score: -10 (-100 ... +100)
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General Information

a holding company, which engages in the business of owning and operating privately built spaceships

Industry AerospaceDefense

Profile
Fundamentals
Details
Industry
N/A
Address
1700 Flight Way
Phone
+1 949 774-7640
Employees
805
Web
https://www.virgingalactic.com
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