Virgin Galactic(SPCE, $25.17) postpones Italian Air Force test flight
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."
SPCE in upward trend: 10-day moving average moved above 50-day moving average on May 17, 2023
The 10-day moving average for SPCE crossed bullishly above the 50-day moving average on May 17, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 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 .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 44 cases where SPCE's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
SPCE moved above its 50-day moving average on June 02, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPCE advanced for three days, in of 212 cases, the price rose further within 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.
The Aroon Indicator entered an Uptrend today. In of 150 cases where SPCE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for SPCE moved out of overbought territory on May 24, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 27 similar instances where the indicator moved out of overbought territory. In of the 27 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on May 25, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SPCE as a result. In of 55 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 26, 2023. 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 32 similar instances when the indicator turned negative. In of the 32 cases the stock turned lower in the days that followed. This puts the odds of success at .
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 .
Fundamental Analysis (Ratings)
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 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly 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 (3.205) is normal, around the industry mean (25.474). P/E Ratio (50.000) is within average values for comparable stocks, (309.299). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (7.846). SPCE has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.023). P/S Ratio (476.190) is also within normal values, averaging (169.876).
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 77, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a holding company, which engages in the business of owning and operating privately built spaceships
Industry AerospaceDefense
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| Fidelity Advisor® Worldwide A | |||
| JRASX | 55.66 | -0.99 | -1.75% |
| Janus Henderson Research S | |||
SPCE and
Correlation & Price change
A.I.dvisor indicates that over the last year, SPCE has been loosely correlated with ASTR. These tickers have moved in lockstep 57% of the time. This A.I.-generated data suggests there is some statistical probability that if SPCE jumps, then ASTR could also see price increases.
| Ticker / NAME | Correlation To SPCE | 1D Price Change % | ||
|---|---|---|---|---|
| SPCE | 100% | +4.26% | ||
| ASTR - SPCE | 57% Loosely correlated | +1.24% | ||
| RKLB - SPCE | 54% Loosely correlated | -0.97% | ||
| RDW - SPCE | 49% Loosely correlated | -3.54% | ||
| ACHR - SPCE | 42% Loosely correlated | +0.64% | ||
| MNTS - SPCE | 41% Loosely correlated | -14.29% | ||
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