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Technical aspect: The price touched the upper Bollinger Band near 9.8, and a sustained breakout is expected to be difficult.
Fundamental aspect: Ticket sales are considered a positive factor. At least after the stock price dropped from $60, it's a favorable revenue-generating stimulus. 700 tickets at $450,000 each will bring in approximately $300 million in revenue, but with only a few seats per flight, the cycle is expected to be long. They'll rely on big capital players going to space and promoting their brand.
However, under the backdrop of interest rate hikes, companies that continuously incur losses and burn cash will find it hard to maintain upward momentum.
Medium-term outlook is bearish; compared to Tesla's SPACE X and Amazon's Blue Origin, Virgin Galactic is burning cash without an advantage. Additionally, the old man is quite old now—should he fall seriously ill or pass away, the spiritual pillar would collapse. It's not advisable to go long. $Virgin Galactic (SPCE.US)$
Fundamental aspect: Ticket sales are considered a positive factor. At least after the stock price dropped from $60, it's a favorable revenue-generating stimulus. 700 tickets at $450,000 each will bring in approximately $300 million in revenue, but with only a few seats per flight, the cycle is expected to be long. They'll rely on big capital players going to space and promoting their brand.
However, under the backdrop of interest rate hikes, companies that continuously incur losses and burn cash will find it hard to maintain upward momentum.
Medium-term outlook is bearish; compared to Tesla's SPACE X and Amazon's Blue Origin, Virgin Galactic is burning cash without an advantage. Additionally, the old man is quite old now—should he fall seriously ill or pass away, the spiritual pillar would collapse. It's not advisable to go long. $Virgin Galactic (SPCE.US)$
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