Virgin Galactic is the frontrunner in the space tourism industry . The company is backed by British billionaire and magnate Richard Branson and in this review, we will discuss how to invest in Virgin Galactic stocks without commission.
Aside from this, we will also discuss what exactly Virgin Galactic is, and the popular brokers that allow you to invest in the stock.
In This Guide
If you’re looking to invest in Virgin Galactic Stock, you’ll need to use a stock broker. In the sections below, we show you a quick overview on how to invest in Virgin Galactic with a stock broker of your choice.
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68% of retail investor accounts lose money when trading CFDs with this provider.
eToro is a popular trading platform that allows users to access over 2,400 stocks from the US as well as international markets.
Trade with zero commissions on the web platform or through their mobile app. If you’re new to trading, you have access to several educational resources as well as their popular feature, copy trading. Copy trading at eToro lets you invest and make the same trading positions as popular traders and investors.
Choose which investor you’d like to copy or choose between an aggregate of certain copy traders. You also have access to a demo account that gives a 100 thousand dollars of virtual equity. Easily learn new trading techniques and try out your strategies with this feature.
eToro fees:
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Another low-cost trading app with a simple user interface especially for more advanced traders is Libertex. With over 250 tradable assets and 40 international awards, the platform is globally renowned and reliable.
Libertex has integrations with both MetaTrader 4 and MetaTrader 5 as well. Trading equities like stocks Virgin Galactic can be more readable via the multiple tools and resources available on the site as a whole.
Libertex fees:
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One of the most straightforward and popular platforms to use is Skilling. The broker also adapts to the level of the user. For example, they have three different platforms depending on the markets you wish to trade and your level of experience.
New users looking to invest in Virgin Galactic stock for example can use their Skilling Trader platform that is simple to understand and suitable for traders of all levels. They also offer the more advanced Skilling cTrader which is an advanced trading platform designed to achieve the strictest demands of traders.
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For the more advanced traders out there looking to trade futures, AvaTrade provides multiple technical charts and investment assets to support a variety of trades. If you want to invest in Virgin Galactic stock using the platform, you also have the option of trading other stock and forex futures. AvaTrade allows users to trade in forex, CFDs, and cryptocurrencies with zero commission.
The online broker operates entities on an international scale and as such is authorized and regulated by multiple global financial authorities. Among them are the Australian Securities and Investments Commission (ASIC), the Financial Sector Conduct Authority in South Africa, and CySEC.
AvaTrade fees
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If we are to discuss how to invest in Virgin Galactic stock we must first do the proper research necessary and understand the current technical and fundamental analysis of the stock.
Founded in 2004 by the then knighted Sir Richard Branson, Virgin Galactic is an American spaceflight company headquartered in California and operating in New Mexico. The company currently develops commercial spacecraft and aims to provide the next generation of space tourism, suborbital space flights.
Despite many delays spanning several years, the first fully crewed suborbital space flight was achieved in July of 2021 with Branson onboard. This was a pivotal moment for the company as the founder had completed one of his dreams of going to space.
Those looking to invest in Virgin Galactic stock might want to know the reason behind why the company pushes so much for space travel and space tourism. From their website, Branson mentions “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.”
When we’re talking about stocks Virgin Galactic, we also have to discuss the company’s fundamentals.
With a market capitalization of $4.3 billion, Virgin Galactic is considered to be a mid-cap company. This means that the company is already well established in its industry like a large-cap company, but still has room to grow like a small-cap company.
The stock currently has a float of 58% with shares outstanding amounting to 255 million. This is at the lower spectrum of the industry average. Short interest is high at around 17% as of November 15, 2021.
With data from the past three earnings reports of the year, the stocks Virgin Galactic missed their earnings the last three times by significant amounts. These reports drove the stock price down to its lowest of the year. Furthermore, news of flight delays and regulatory issues continued to loom on the company.
However, in a report last month, Virgin Galactic reopened ticket sales with prices starting at $450 thousand and so far, already 700 people have booked space flights before ticket sales closed.
Since its public offering in 2019, the stocks Virgin Galactic has yet to issue dividends for its shareholders. There are also currently no reports for a future offering of dividends, so shareholders and investors will be relying on the Virgin Galactic stock price prediction for their gains.
In this last section, we’ll show you a step-by-step guide on how to invest in Virgin Galactic stock. After you analyse and choose a suitable broker to support you in the investment process, you can begin trading in a few steps.
Head over to the homepage of your chosen broker and begin the account set-up process. You will be required to fill in your personal details – including your full name, email address and mobile number. Create a username and password for the platform to continue.
Most reputable brokers in the UK are regulated by the FCA – which is why users may be required to verify their accounts. To do this, simply upload proof of ID (a copy of your driver’s license or passport) and proof of address (a copy of a bank statement or utility bill). Once these documents have been uploaded, your broker should verify them in a couple of minutes.
The next step is to deposit funds into your trading account. Most brokers may support 1 or more of the following payment methods:
Choose your preferred payment option and deposit the funds into your account.
Once your account has been funded, proceed to search for Virgin Galactic stock or any other stock you wish to purchase on your platform’s search bar. Fill in the amount you want to credit into the trade, and confirm your transaction.
In this guide, we have looked to analyse the virgin Galactic stock and discuss the fundamentals of the company in general. After reviewing and analysing the stock yourself, you should be able to make an investment decision on Virgin Galactic.
If you are keen on investing in this stock, you may want to do so with a reputable broker that can cater to your investing needs.
Virgin Galactic Holdings, Inc., an integrated aerospace company, develops human spaceflight for private individuals and researchers in the United States.
Yes, you can invest in Virgin Galactic stocks even from abroad with brokers that trade in the NYSE.
Jose Rafael Aquino is a Filipino writer and entrepreneur that specializes in finance, technology, cryptocurrency, and sports. Versed in the startup tech space, he has written for websites such as The GUIDON, StockApps, and BuyShares.
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