Million

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Virgin Galactic Holdings, Inc. stock price declined over 36.27% of its trading value in the monthly time frame.</a> </li> 
 <li> <span>2</span> <a>For the second quarter, the reported revenue was 25% lesser than the estimated figure.</a> </li> 
 <li> <span>3</span> <a>If the bearishness continues, it may register fresh 52 weeks low.&nbsp;</a> </li> 
</ul> 
<p>SPCE stock lost 63.58% of its trading value in the 52 weeks time frame. Virgin Galactic Holdings, Inc. has a market capitalization of $664.517 Million.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-virgin-galactic-holdings-inc-financial-updates-strong"><strong>Virgin Galactic Holdings, Inc. Financial Updates&nbsp;</strong></h2> 
<p>In the weekly and monthly time frame, SPCE stock price declined over 4.74% and 36.27%. The annual price target of Virgin Galactic Holdings, Inc. is $4.63 and is 155.52% greater than its press time trading price.</p> 
<p>The&nbsp; MACD line seems to be intersecting the signal line in the negative territory, reflecting seller dominance over the past two trading sessions.</p> 
<p>The RSI line is approaching negative territory steadily, and if selling pressure continuous, SPCE stock will enter the oversold zone.&nbsp;&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized">
  <img decoding="async" loading="lazy" src="https://lh3.googleusercontent.com/iyxOpBp_M3H26AcVxSdraQ6C5gJe7Qlm6mM-9oqVLAXEzmYF8Q0zpFzIfUFmice93MvMHb80QNKoBayzXRDxSjeTxg1yHln8gbQgWEDFs_kdotmfzEOlXlf6EJlfzW7MnH_rm5zlkezhQisCJkVgjLs" alt="SPCE Stock Price Nears 52 Weeks Low Amid Negative Revenue" style="width: 100%;height:581px" width="1170" height="581">
  <figcaption class="wp-element-caption">
   Source: SPCE stock price chart from <a href="https://www.tradingview.com/x/2E470s1W/">TradingView&nbsp;</a>
  </figcaption>
 </figure>
</div> 
<p>At the time of publishing, the Virgin Galactic stock was trading below 20,50,100 and 200 day exponential moving averages (EMA). Market analysts believes that if price continue to fall, SPCE stock is likely to register its fresh 52 weeks low very soon.&nbsp;</p> 
<p>In the 52 weeks time frame, SPCE stock price peaked at $6.61 and its lowest trading price was $1.79. At the time of writing, Virgin Galactic Holdings, Inc. stock was trading near to its 52 weeks low of $1.79.&nbsp;</p> 
<p>If sellers continued to dominate, Virgin Galactic stock might fall further and meet immediate support of $1.79 &amp; $1.60.</p> 
<p>The trading volume shows that on September 15 2023, bulls tried hard to hold the price at upper level but the decline seems to be continuing for the longer term.&nbsp;&nbsp;&nbsp;</p> 
<p>TradingView data shows that 331.611 Million SPCE shares are free floating and remaining 9.68% are closely held.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-virgin-galactic-holdings-inc-financial-updates-strong"><strong>Virgin Galactic Holdings, Inc. Financial Updates&nbsp;</strong></h3> 
<p>The steady decline in SPCE stock seems to be fueled up after the company reported 25.85% less revenue then estimation. <a href="https://www.thecoinrepublic.com/2023/08/17/virgin-galactic-stock-spce-stock-hit-52-week-low-end-is-near/">Virgin Galactic Holdings, Inc.</a> was expected to report $2.52 Million in revenue in Q2, 2023.&nbsp;</p> 
<p>Despite negative revenue, the reported EPS of the company was 9.48% greater than the estimated figure. In the financial year 2022, Virgin Galactic Holdings, Inc. reported 43.26% more revenue than estimated.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support level: $1.79 &amp; $1.60&nbsp;</p> 
<p>Resistance Level: $2.12 &amp; $2.76</p> 
<h4 class="wp-block-heading"><strong>Conclusion: </strong></h4> 
<p>At the time of writing SPCE stock was trading near to its 52 weeks low and market analysts believe that further downfall is expected. The MACD is reflecting a bearish crossover and the RSI line is constantly approaching negative territory.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.<br></p>

SPCE Stock Price Nears 52 Weeks Low Amid Negative Revenue

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Thecoinrepublic.com

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