In time since Virgin Galactic Holdings Inc.. (NYSE: SPCE) became the first publicly traded space tourism company, but its shares have been volatile. Spaceflight has attracted many investors, but SPCE stock is risky. The company is developing commercial spacecraft for science missions and space tourism in an intensifying race to become the first company to offer extensive space travel. Virgin Galactic has already successfully conducted test flights and welcomed passengers on some of its flights. When these flights become more affordable due to their scale, the company could generate strong demand.
Ready to get started in space tourism? Virgin Galactic could be a great stock pick. Read on to find out how to buy Virgin Galactic now.
|Vol/Avg.6,485M / 18,355M
|Day range1,720 – 1,815
|Battery life of 52 weeks1,570 – 6,610
How to Buy Virgin Galactic (SPCE) Stock
Whether you view Virgin Galactic as your primary opportunity to invest in the exciting future of space travel or feel like the recent price explosion is an opportunity to make a quick profit in a single trading session, the first thing you need to do is learn the basics of buying stocks.
Choose a brokerage
When looking for a brokerage firm, consider what type of fees they charge, what types of stocks they have access to (like stocks, exchange-traded funds (ETFs), cryptocurrencies , options) and educational and research features. he offers to his investors.
Decide how many shares you want
How many shares you want depends on your personal preferences. If you are looking for a short-term trading opportunity, focus on technical analysis of the stock’s price history. If you view SPCE as a long-term growth opportunity, focus on fundamental analysis of the potential future profits of the company’s current investments in space travel.
Investors may find it easier to buy more shares if they view SPCE as a short-term opportunity. Day traders can capitalize on short-term stock price movements without worrying about the long-term outlook. The longer you hold SPCE stock, the riskier it can become. This factor can influence the number of shares you buy.
It’s a good idea to evaluate your portfolio and allocate a small percentage of your money to SPCE if you want it in your portfolio. Making SPCE a top position in your portfolio is incredibly risky, especially if the spaceflight company fails to live up to its expectations.
Choose your order type
Once you’ve done your research and know how many shares you want, it’s time to place your order. You can either place a market order or a limit order. Market orders are executed immediately at the current price. Limit orders are executed when the security reaches the designated price level you choose.
Execute your transaction
Once you have chosen the number of shares and the order type, all that remains is to place the order. At this point, the trade order is in the market and you are waiting for confirmation from your broker when the trade has been executed. Market orders are executed in seconds, while limit orders can take longer, depending on when the stock reaches the desired price.
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Virgin Galactic Stock History
Virgin Galactic had its IPO on October 28, 2019. Since then, volatility has been high. The company went from around $10 per share at its IPO to just under $60 per share at its peak. The stock has had a roller coaster ride, but it hasn’t performed well for long-term investors in recent months. Virgin Galactic is now a penny stock that has fallen below $2 per share for the first time in 2023.
For what? Virgin Galactic has had to repeatedly delay appropriate flight operations. There was a fatal accident involving SpaceShipTwo, flown by two test pilots: the co-pilot was killed and the pilot was seriously injured when the ship broke apart in mid-flight. Additionally, the company has always been behind schedule in terms of timing because the technology is extremely advanced.
Benefits of Buying Virgin Galactic Stock
These are some of the benefits of buying Virgin Galactic stock that can prove useful and rewarding to investors.
- Experience: Unlike its main competitors, SpaceX and Blue Origin, Virgin Galactic is owned by a company with extensive experience in aviation. This experience gave Virgin Galactic a head start in building a team of high-level aerospace experts for research and development.
- Advanced Technology: Using spacecraft for hypersonic intercontinental travel may give Virgin access to a broader customer base than the few people who could afford space travel.
- Proven concept: Virgin Galactic sent people into space. Although these flights are expensive, Virgin Galactic has proven their viability, which is a step in the right direction.
Disadvantages of Buying Virgin Galactic Stock
Virgin Galactic stock has several advantages, but the disadvantages are notable. These are some of the risks to consider.
- Virgin Orbit filed for bankruptcy: SPCE investors are nervous about the impact of the bankruptcy on Virgin Galactic. The business can be profitable in the best-case scenario, but there are many obstacles preventing this best-case scenario from being realized.
- The company is burning money: Virgin Galactic is unprofitable and relies on financing to stay afloat.
- Spaceflight is expensive: It’s going to be very expensive if someone wants to fly into space. Space tourism does not have the same appeal or scale as commercial flights.
Make Virgin Galactic Your Next Growth Stock
Virgin Galactic could be your opportunity if you want to participate in the recent squeeze rally, but timing is key for short-term swing trades.
Even if Virgin doesn’t finish first in the space race, the company’s decades of research and development ensure that it won’t be far behind and can continue to be an important player in the industry .
Frequently asked questions
Yes, Virgin Galactic organizes spaceflights, but they are expensive. Ticket prices are around $450,000.
Spaceflight is very expensive. Virgin Galactic tickets currently cost $450,000 each. Richard Branson hopes to lower this price as demand for spaceflight increases.
SPCE is a long-term risky stock with significant uncertainty. Investors may want to stay on the sidelines and see how this plays out. This is just an idea to consider for investors with a maximum level of risk tolerance.