Best places to buy SPCE stock: Virgin Galactic heading to the moon next week?

By:
on May 28, 2021
Updated: Feb 28, 2023
Listen
  • SPCE stock is on the up; is now the time to buy?
  • Next week could offer some serious price action in the wake of this latest short squeeze
  • We list the two best places to invest in Virgin Galactic shares online

Follow Invezz on Telegram, Twitter, and Google News for instant updates >

One of the stocks that was affected by the WallStreetBets saga back in February was Virgin Galactic Holdings (NYSE: SPCE). Now, after falling to a year-low of $15.50 just a few weeks ago, SPCE is on the rise once again, and next week could offer the most dramatic price move yet.

In light of this resurgence, we thought it wise to leverage our expertise and help you find the best place to invest in Virgin Galactic stock online. So, our team of analysts have been hard at work researching and testing, and we have listed our findings below.

Where to buy Virgin Galactic shares online

If you are looking for the best platforms to trade SPCE stock in the UK or elsewhere, look no further than the option we have provided below. They support Virgin Galactic shares and offer a strong blend of reliability, innovative features and customer support. Check them out below.

1) eToro

As one of the world’s leading online brokers, you can’t really go wrong with eToro. The platform is extremely reliable and offers a wide range of stocks including SPCE. Importantly, the platform has some of the lowest fees we have encountered, which makes it a compelling option for retail investors.

Register here >

Next week could offer some serious price action for the company, so make sure you have signed up and funded your account ahead of time so you don’t miss out on potential opportunities.

If eToro and Plus500 aren’t quite what you are looking for, check out our list of the top stock brokers in current year. Otherwise, keep reading to learn what SPCE is and receive our Virgin Galactic price prediction.

What is SPCE?

SPCE is the ticker of Virgin Galactic, a spaceflight company within the wider Virgin Group. It is currently developing commercial spacecraft and aims to provide suborbital spaceflights to space tourists. With Musk’s SpaceX and Bezos’ Blue Origin, it is becoming a very competitive industry, and Virgin Galactic is doing its best to stand out.

Is Virgin Galactic a good stock to buy?

If you believe in the company’s fundamental value, and you also buy into the space tourism macro story, then SPCE could be a great investment. Make sure to take your time conducting the necessary due diligence before taking up any kind of long-term position in Virgin Galactic.

In addition, in the short term, the momentum driven by this latest batch of short squeeze scenarios could result in substantial, unpredictable gains to the company’s stock price. If you are a short-term stock trader and this is the reason to want to invest, make sure you carry out extensive technical analysis of the market before you get involved.

SPCE price prediction

Most analysts currently give Virgin Galactic a top price target of $50, thought it is worth noting that this in an unfamiliar space where surprises could lurk around every corner.

The reality is that if you are buying into the concept of space tourism, what SPCE’s share price is for the next few years shouldn’t massively concern you. Space tourism is still some way off, so investing in Virgin Galactic requires you to focus on the long term. Moreover, the emergence of a new wave of short squeezing could see SPCE experience further gains, though this is far from guaranteed.

Should I buy Virgin Galactic stock?

You should buy Virgin Galactic stock if:

  • You believe in the commercial potential of space tourism
  • You are happy to wait for you returns
  • You are comfortable investing in a stock that has previously experienced unexpected swings.

You shouldn’t buy Virgin Galactic stock if:

  • You can’t afford to lose the money you are investing (the same is true of any stock)
  • You have no interest in long-term rewards
  • You don’t want to be involved in a volatile stock that will have many ups and downs along the way

Social media reacts

For the latest news on Virgin Galactic and other hot companies, check out our news section.