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12/07/2023 16:13:00 EST
Virgin Galactic Holdings Inc (SPCE)
Industry: Aerospace & Defense
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 30 trading days, SPCE has been trading in a range between $2.25 and $1.38 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
SPCE is trading between resistance at $3.15 about 41% to the upside and support at $1.91 -14% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $3.90, about a 75% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Virgin Galactic Holdings Inc (SPCE) entered a Green zone 2 days ago on the AI powered stock chart. Wall Street analysts have a recent rating of 2.700, which is a Hold. The current analyst target price is $4.22, which gives it a potential upside of 89.24 % from the recent price of 2.23. The stock is trading 196.41% (potential upside) below its 52 week high of $6.61 and 61.59 % (potential downside) above its 52 week low of $1.38 - based on the recent price.
Company Summary
Virgin Galactic Holdings, Inc focuses on the development, manufacture, and operation of spaceships and related technologies for conducting commercial human spaceflight and flying commercial research and development payloads into space. It is also involved in the ground and flight testing, and post-flight maintenance of its spaceflight system vehicles.
News
| Virgin Galactic's stock rises 10%, on pace for biggest daily percentage gain in three weeks Shares of Virgin Galactic Holdings Inc. rose 10% Wednesday, putting the stock on pace for its biggest daily percentage gain since Nov. 14, when it rose 12.7%. Source: Market Watch Wed, 06 Dec 2023 12:51:00 -0500 Sentiment: Positive |
| Richard Branson Isn't Going to Save Virgin Galactic The market didn't react well to Branson's recent comments about the company. Source: The Motley Fool Tue, 05 Dec 2023 14:54:08 -0500 Sentiment: Negative |
| SPCE stock price forecast: sell Virgin Galactic and don't look back Virgin Galactic (NYSE: SPCE) stock price has come under intense pressure amid rising going concerns risks. The shares plunged by more than 17% on Monday after Richard Branson ruled out making further investments in the company. Source: Invezz Tue, 05 Dec 2023 06:49:53 -0500 Sentiment: Negative |
| Warning Signal: 3 Growth Stocks to Avoid at All Costs Investing in growth stocks has proved to be the winning strategy over the past 15 years. However, investors have also seen the downside of owning speculative growth names during downturns. Source: InvestorPlace Mon, 04 Dec 2023 17:13:45 -0500 Sentiment: Negative |
| Virgin Galactic Shares Crater After Richard Branson Tells Company To Fly Solo Virgin Galactic Holdings Inc. (SPCE) shares took a nosedive Monday after founder Richard Branson said in an interview that he wouldn't be investing more money in the space-flight company. Source: Investopedia Mon, 04 Dec 2023 14:50:34 -0500 Sentiment: Negative |
Technicals 52 Week Hi: 6.61 52 Week Low: 1.38 Beta: 1.767 50 Day MA: 1.7998 200 Day MA: 3.2589 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0 Qtr Revenue Growth YOY: 1.253 Forward PE: 0 Trailing PE: 0