Virgin Galactic special report based On 1.00 Lot Calculation:
SPACE TOURISM
- INDUSTRY: Relatively new industry and the participants in this industry have pledged to take ordinary people up to space using their technology and spaceships.
- MARKET PLAYERS: Virgin Galactic (Richard Branson), Blue Origin (Jeff Bezos) and SpaceX (Elon Musk) are the most prominent companies which could be expected to take tourists in space already in 2023.
VIRGIN GALACTIC
- THE COMPANY: Virgin Galactic is developing space vehicles and building a commercial space tourism service to take private citizens into space. Virgin Galactic Holdings serves customers in the United States. Virgin Galactic is the largest publicly traded space tourism company on the market.
- CURRENT NUMBER OF RESERVATIONS: 800+. Many of them purchased at a price of $250,000, before the company decided to raise the ticket price to $450,000.
- CURRENT TICKET PRICE: $450,000.
- PROJECTED REVENUE PER FLIGHT: $2.7 million. That system currently consists of two operational vehicles: A two-pilot, six-passenger space plane named VSS Unity and a carrier aircraft known as VMS Eve.
- PROJECTED NUMBER OF FLIGHTS: 400 per year.
- PROJECTED REVENUE PER YEAR: $1.08 billion.
VIRGIN GALACTIC: EVENTS AND TIMELINE
- EVENT (AUGUST 1, AFTERMARKET): Q2 EARNINGS REPORT. The company is expected to underline priorities going forward as it started commercial operations in late June. Investors will be willing to hear from the company about its further plans of expansion, ticket sales, demand and pace of improvement. All of that is expected to be addressed by the company on August 1 after the markets close.
- EVENT (AUGUST 10): SECOND COMMERCIAL FLIGHT (GALACTIC 02). Galactic 02 is expected to launch in early August and will carry a private crew. The company conducted its first commercial flight on June 29, 2023 carrying the Italian Air Force to space as part of the “Galactic 01” mission.
- TIMELINE FOR 2023: EVERY NEXT MONTH AT LEAST ONE COMMERCIAL FLIGHT. Virgin could fly on a monthly basis afterward, although details of future missions aren't yet available.
VIRGIN GALACTIC: PRICE ACTION
- STRONG SUPPORT AT $3.00 (Data Source: MetaTrader4 Platform). Virgin Galactic has maintained strong support at around $3.00 since December 2022. The level of $3.00 has been three times tested since then.
- THE STOCK HAS TRADED AROUND 94% BELOW ITS ALL- TIME HIGH OF $62.33 (November 4, 2021). The stock tested its lowest price ever in April 2023 ($2.74).
(#VIRGING), July 25, 2023
Current Price:3.70
Virgin Galactic |
Weekly |
Trend direction |
|
6.00 |
|
5.25 |
|
4.50 |
|
3.00 |
|
2.85 |
|
2.70 |
Example of calculation based on weekly trend direction for 1 Lot1
Virgin Galactic |
||||||
Pivot Points |
||||||
Profit or loss in $ |
23,000 |
15,500 |
8,000 |
-7,000 |
-8,500 |
-10,000 |
Profit or loss in €2 |
20,823 |
14,033 |
7,243 |
-6,338 |
-7,696 |
-9,054 |
Profit or loss in £2 |
17,925 |
12,080 |
6,235 |
-5,455 |
-6,624 |
-7,793 |
Profit or loss in C$2 |
30,305 |
20,423 |
10,541 |
-9,223 |
-11,200 |
-13,176 |
- 1.00 lot is equivalent of 10000 units
- Calculations for exchange rate used as of 10:50 (GMT+1) 25/07/2023
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