Here is the forecast for Virgin Galactic Holdings (SPCE)
What’s up with Virgin Galactic Holdings?
Virgin Galactic Holdings (SPCE) opened at $18.91, which means the stock is down 5.21% from yesterday’s closing price of 20.16. Today, the company has a high of $19.99 and a low of $18.50. The company has a market cap of $4.08 billion with a 52-week high of $42.49 and a 52-week low of $6.90.
What about the future for Virgin Galactic Holdings?
The high forecast for Virgin Galactic Holdings is $29.00 while the low is $24.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. Virgin Galactic Holdings has a strong forecast. A strong forecast is a result of strong earning reports as investors are willing to pay a higher share price today because of growth expectations in the future. Based on this information SPCE seems to be a safe buy.
About Virgin Galactic Holdings
Virgin Galactic Holdings, Inc., formerly Social Capital Hedosophia Holdings Corp., is an aerospace company that provides human spaceflight for private individuals and researchers. The Company is focused on developing a spaceflight system to offer customers a multi-day experience culminating in a spaceflight that includes several minutes of weightlessness and views of earth from space. Through its aerospace development subsidiary, The Spaceship Company, LLC, the Company manufactures its space vehicles in Mojave, California. Its spaceflight system consists of three primary components: its carrier aircraft, WhiteKnightTwo; its spaceship, SpaceShipTwo, and its hybrid rocket motor. SpaceShipTwo is a spaceship with the capacity to carry pilots and customers or payloads, into space and return them to earth.WhiteKnightTwo is a twin-fuselage aircraft designed to carry SpaceShipTwo up to an altitude of approximately 45,000 feet where the spaceship is released for its flight into space.