Gone are the days when the spaceflight industry was considered the exclusive sphere of state space agencies. Nowadays, seeing commercial companies like Virgin Galactic in this industry is no longer that surprising. In this article, we'll review Virgin Galactic and discuss the futureprice of Virgin Galactic's stock (SPCE).

What is Virgin Galactic's stock (SPCE)?

I really hope that there will be millions of kids all over the world who will be captivated and inspired about the possibility of them going to space one day. – Richard Branson

Virgin Galactic is an American company and part of the Virgin Group. It was established in 2004 by British entrepreneur Sir Richard Branson, founder of the Virgin Group and Virgin Atlantic. Virgin Galactic's aim is to organise commercial suborbital space flights and launch small satellites. In the future, the company will also offer its customers orbital flights.

Richard Branson originally hoped to see the maiden flight in 2009, but it was delayed for several years, mostly due to the VSS Enterprise crash in October 2014.

On 13 December 2018, VSS Unity performed the first suborbital space flight with two pilots, reaching an altitude of 82.7 kilometres (51.4 miles) and officially entering space by American standards.

Finally, on 11 July 2021, Sir Richard Branson made a space flight aboard the VSS Unity spacecraft. Many experts believe that this is the start of commercial space tourism.

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Virgin Galactic Stock (SPCE) price analysis

SPCE price statistics (as of 29/07/24)

SPCE's price history

Since SPCE was listed on the New York Stock Exchange (NYSE) in September 2017, its share price fluctuated between $9.87 and $10.64 until October 2019. After the price reached a local high of $12.93, it collapsed to its all-time low on 25 November 2019. Soon after, the price began to rise quite rapidly, and it hit a new high of $42.49 on 20 February 2020. Followed by a deep correction, the global bullish trend continued. After exiting the correction, the price rose to its all-time high on 4 February 2021. This was followed by another deep correction and then new growth again that saw the price move above $55. It couldn't reestablish a new all-time high and has been on a downward trend ever since.

In 2022, SPCE opened at approximately $270.80. The stock reached its peak early in the year, hitting $270.80. However, by the end of 2022, the stock had plummeted to a low of $65.80. The year closed with SPCE at around $69.60, marking a significant annual decline of 73.99% from its opening price.

SPCE opened at about $69.80 in 2023. The stock peaked at $127.40 during the year but dropped to a low of $27.60. By the end of 2023, SPCE had a closing price of $49.00, reflecting a decline of 29.60% from the previous year.

SPCE started 2024 at approximately $47.40. The stock reached its highest point early in the year at $47.40. However, by mid-2024, it hit a low of $7.04. As of late July 2024, SPCE is trading around $6.76, indicating a dramatic decline of 83.59% from its opening price for the year.

SPCE technical analysis

As of 29 July 2024, the general sentiment for SPCE stock is bullish. According to the moving averages, the stock is neutral overall, indicating neither strongly bullish nor bearish, but a "buy" rating signals a positive trend. Conversely, a "strong sell" rating suggests a bearish outlook. Oscillators also present a mixed view, with a neutral stance indicating no extreme conditions, a "sell" rating pointing to a bearish signal, and a "strong-buy" rating suggesting a strong bullish sentiment.

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Virgin Galactic Stock (SPCE) price prediction for 2024, 2025 and 2030

Now, let's take a look at what analysts think about SPCE's price prospects. We've compiled some mid-term and long-term price forecasts for you.

WalletInvestor's SPCE price prediction for 2024, 2025 and 2030

WalletInvestor predicts that Virgin Galactic (SPCE) stock will reach approximately $8.46 by the end of July 2024, rise to around $15.00 in 2025, and potentially hit $61.00 by 2030.

Wallstreetzen's SPCE price prediction

Wallstreetzen's price prediction for Virgin Galactic (SPCE) stock indicates an average forecast of approximately $39.83 for 2024, potentially reaching around $48.00 in 2025, with a long-term outlook suggesting a price target of about $80.00 by 2030.

Analyst Price Targets' SPCE price prediction

Analyst Price Targets' forecast is also a bit optimistic. According to their prediction, the average price of SPCE will be $22.00 in a year.

Virgin Galactic stock's (SPCE) overall future value predictions

Future value predictions for Virgin Galactic (SPCE) stock vary among analysts and platforms. WalletInvestor forecasts a price of approximately $28.88 in 2024, rising to $72.67 in 2025, with continued growth by 2030. Wallstreetzen predicts an average of $39.83 in 2024, $48.00 in 2025, and up to $80.00 by 2030. Analyst price targets estimate an average of $35.50, a low of $15.00, and a high of $61.00. 

Will Virgin Galactic's stock go up?

The chances are moderately high that we may eventually see higher prices.

How high can SPCE go?

According to Wallstreetzen, Virgin Galactic (SPCE) stock's highest forecasted price is $80.00 by 2030. Analyst Price Targets also suggest a potential high of $61.00.

Virgin Galactic's stock price prediction today

At the moment, bullish sentiment remains in the short term. However, the situation could change in the long term.

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