SPCE stock forecast: Virgin Galactic is guilty by association

Virgin Galactic Holdings Inc. (SPCE) is a spaceflight company that aims to make space tourism a reality. The company has been in the news lately due to its association with Richard Branson, the billionaire entrepreneur who founded the Virgin Group. However, the company's stock forecast is not looking good, and it is guilty by association. The company's stock has been on a rollercoaster ride since it went public in 2019. The stock price surged to an all-time high of $62.80 in February 2020, but it has since plummeted to around $20. The company's financials have been a cause for concern, with the company reporting losses in every quarter since it went public. The company's association with Richard Branson has been a double-edged sword. On the one hand, Branson's reputation as a successful entrepreneur has helped to attract investors to the company. On the other hand, Branson's recent spaceflight has raised questions about the company's safety record. The recent spaceflight by Branson has been criticized by some as a publicity stunt. The flight was not a commercial spaceflight, and it did not carry any paying passengers. Some have questioned the safety of the flight, as the spacecraft experienced some technical difficulties during the flight. The company's stock forecast is not looking good, as the company's financials are not improving. The company's losses are expected to continue, and the company's revenue is not expected to increase significantly in the near future. The company's association with Branson may also be a liability, as the recent spaceflight has raised questions about the company's safety record. In conclusion, Virgin Galactic Holdings Inc. (SPCE) is guilty by association. The company's association with Richard Branson has helped to attract investors to the company, but it has also raised questions about the company's safety record. The company's financials are not improving, and the company's stock forecast is not looking good. Investors should be cautious when investing in this company, as there are many risks associated with it.