Virgin Galactic (SPCE) stock has risen over 50% in the course of a couple days, but then fell 20% from our top last week! Should you buy Virgin Galactic stock now? If you have any comments or questions with my SPCE stock analysis and chart analysis, drop me a comment down below!

Key Points:
- Virgin Galactic stock saw a nice surge in momentum a week or so ago when the FAA announced clearance to the company for flying commercial passengers, along with Richard Branson's announcement to fly before Jeff Bezos. This likely caused the initial momentum burst, however there are other factors at play. Investors should consider competition from other billionaires, and other macro downside risks for the stock. However, there appears to be upside potential with the possibility of point to point travel.

- Virgin Galactic stock is currently a pre-revenue company that is still in the testing phase, making no money at the moment. Because of that, investors should consider cash burn, which is covered in the video. Investors should be aware that the fundamentals of the company leave room to be cautious, as the net loss appears to be growing continually.

- Investing in Virgin Galactic (SPCE) is a bit risky at the moment. There is a lot of momentum in the company at the moment, so we could see large volatility in the next few days because there are likely a lot of traders in the name. As always, you have to consider the upside and downside risks before investing in the stock.

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Link (1) SPCE stock receives approval from FAA:
https://www.virgingalactic.com/articl...

Link (2) SPCE stock pushed by Branson announcement of boarding space flight:
https://abcnews.go.com/Technology/ric...

Link (3) SPCE stock may be pushed by Reddit sentiment (SwaggyStocks):
https://swaggystocks.com/dashboard/wa...

Link (4) SPCE stock may not be directly competing against Blue Origin:
https://www.blueorigin.com/our-mission

Link (5) SPCE stock may not be directly competing against SpaceX:
https://www.spacex.com/human-spacefli...

Link (6) SPCE stock pushed by possibility of point to point travel (TechCrunch):
https://techcrunch.com/2020/05/05/vir...

Link (7) SPCE stock most recent earnings report:
https://s24.q4cdn.com/816362521/files...

Link (8) Real time trading chart of SPCE stock: https://thestockstudents.com/tradingv...

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Disclosure:
I do not have any positions in SPCE at time of recording
thestockstudents.com/disclaimer

#VirginGalactic #SPCE #stockmarket