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Sergey Savastiouk's Avatar
published in Blogs
Sep 13, 2021

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."

Related Ticker: SPCE

SPCE sees MACD Histogram just turned negative

SPCE saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on May 30, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 42 instances where the indicator turned negative. In of the 42 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

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 .

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 June 14, 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 Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

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

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 (0.675) is normal, around the industry mean (7.819). P/E Ratio (0.000) is within average values for comparable stocks, (43.316). SPCE's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.908). SPCE has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.016). SPCE's P/S Ratio (30.030) is slightly higher than the industry average of (4.617).

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.

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 12.84B. The market cap for tickers in the group ranges from 1.66K to 170.63B. GE holds the highest valuation in this group at 170.63B. 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 -3%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was 24%. ETCC experienced the highest price growth at 77%, while OBTEF experienced the biggest fall at -83%.

Volume

The average weekly volume growth across all stocks in the Aerospace & Defense Industry was 121%. For the same stocks of the Industry, the average monthly volume growth was 147% and the average quarterly volume growth was 9%

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: 55
Price Growth Rating: 55
SMR Rating: 81
Profit Risk Rating: 70
Seasonality Score: -11 (-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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