SPCE stock forecast: Virgin Galactic's slow burn continues

Virgin Galactic (NYSE: SPCE) stock price continued its downtrend in the first quarter as concerns about its cash burn continued. It has plunged by more than 44% in the first quarter and by over 64% in the past 12 months. Notably, the stock has crashed from its all-time high of $62.5 to just $1.36. That crash has brought its total market cap from over $20 billion to less than $600 million today. In simple terms, a $10,000 investment at its peak in 2021 would now be worth just $217. High-risk investment Copy ...