Company Name: Virgin Galactic
Current Price: $18.80
Target Price: $22.60
Projected Yield: 19%
Time Line: 1 to 3 months
About Virgin Galactic
The company focuses on modern air and space vehicle manufacturing and sells space flights to individuals and research centers. Virgin Galactic designs spacecraft that can safely take anyone into space.
What's the Idea?
Capitalize on the stock that may rise due to the news and favorable technical analysis data.
Buy Virgin Galactic Shares >>
Why Trade Virgin Galactic?
Reason 1: Partnerships with Renowned Companies
Virgin Galactic works with NASA, Boeing, and Rolls Royce. These companies are cooperating on new revolutionary ways of transportation.
Reason 2: Successful Implementation of the Flight Program
In Q2 2020, the company kept promoting its flight test program. Over this period, two successful gliding flights were launched from America spaceport.
Reason 3: Constant Increase of Customer Demand
The company is increasing the number of paid participants in the One Small Step program, which consists in an investment of $1,000 into the development of the space industry. Virgin Galactic has also entered into deposit agreements for orbital space travel with 12 customers.
Reason 4: Technical Analysis
According to analysts, the current stock price may increase moving forward, in case the $19 level gets broken out.
How to Use the Investment Idea
- Buy Virgin Galactic shares at $19.
- Allocate no more than 3% to 4% of your midterm transaction budget.
- Sell the stock when the price is at $22.60 per share.
To balance the risks carried by the investment ideas, we recommend you building a robust core portfolio. Freedom Finance analysts have picked 12 stocks for a balanced portfolio specially for you.
How to Buy Virgin Galactic Shares?
If you don't have an investment account yet, open it now: this can be done online, in just 10 minutes. All you need to do is fill out a short form and verify your account.
After opening an account, you can buy shares in either of the following ways:
Freedom24 Web Platform: In the Web Terminal section, type SPCE.US (Virgin Galactic ticker in the NYSE) in the search box, and select Virgin Galactic Holdings Inc in the results. Open a secure session in the trading window on the right, select the number of shares you want to buy, and click Buy.
Freedom24 iPhone App: Go to the Price screen and tab the search icon in the top right corner. In the search dialog that shows up, type SPCE.US (Virgin Galactic ticker in the NYSE) , and select Virgin Galactic Holdings Inc in the results. You will then see Virgin Galactic Holdings Inc stock in the market watch; tap it and go to the Order tab in the dialog that shows up. Specify the number of shares you want to buy and click Buy.
Buy Virgin Galactic shares: get the opportunity to make money on space exploration!
Buy Virgin Galactic Shares >>
*Additional information is available upon request. Investment in securities and other financial instruments always involves risks of capital loss. The Client should make himself aware at his own accord, including to familiarize himself with Risk Disclosure Notice. Opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. Commissions, fees or other charges can diminish financial returns. Past performance is not indicative of future results. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The opinions and recommendations herein do not take into account individual client circumstances, objectives, or needs and do not constitute an investment advice service. The recipient of this report must make their own independent decisions regarding any securities or financial instruments mentioned herein. Information has been obtained from sources believed to be reliable by Freedom Finance Cyprus Ltd or its affiliates and/or subsidiaries (collectively Freedom Finance). Freedom Finance do not warrant its completeness or accuracy except with respect to any disclosures relative to the Freedom Finance and/or its affiliates and the analyst’s involvement with the issuer that is the subject of the research. All pricing is indicative as of the close of market for the securities discussed, unless otherwise stated.