Virgin Galactic has postponed its first commercial research mission in collaboration with the Italian Air Force until at least mid-October, owing to a potential issue.
The space travel company is examining a component provided by a third-party vendor for the flight control actuation system in its SpaceShipTwo vehicles. However, it does not know yet if there is a defect or if repairs are required.
According to Virgin Galactic, it will make a further update and designate a specific flight window for its Unity 23 test flight mission in coordination with the Italian Air Force once the inspection is done.
"We have a robust pre-flight readiness approach that is rooted in our thorough, proactive and safety-first culture," said Virgin Galactic CEO Michael Colglazier. "There is nothing more important to us than the integrity of our vehicles. Our test flight processes and procedures are rigorous and structured to identify and resolve these types of issues. We look forward to taking to the skies again soon."
The Moving Average Convergence Divergence (MACD) for SPCE turned positive on April 29, 2024. Looking at past instances where SPCE's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SPCE's RSI Indicator exited the oversold zone, of 35 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 03, 2024. You may want to consider a long position or call options on SPCE as a result. In of 69 past instances where the momentum indicator moved above 0, the stock continued to climb. 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.
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPCE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for SPCE entered a downward trend on May 01, 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.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued 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 (0.771) is normal, around the industry mean (6.674). P/E Ratio (0.000) is within average values for comparable stocks, (35.430). SPCE's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.862). SPCE has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.017). SPCE's P/S Ratio (46.948) is very high in comparison to the industry average of (4.680).
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 Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average 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 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 71, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a holding company, which engages in the business of owning and operating privately built spaceships
Industry AerospaceDefense