The Virgin Galactic (NYSE: SPCE) stock price has continued its freefall this year as concerns about its balance sheet continued. It has plunged by over 65% in 2024 and by 81% in the past 12 months, making it one of the worst-performing companies on Wall Street.
Trying to strike a balance between growth and stability is tough. On the one hand, you could stack too much cash into speculative stocks with near-term promises that fizzle into nothing when the rubber meets the road, such as Virgin Galactic (NYSE: SPCE ).