CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Fisker

Special Reports - 05/10/2022

05 October, 2022

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

Fisker (#FISKER) weekly uptrend opportunity based On 1 Lot Calculation:

GLOBAL EV MARKETS:

  • ELECTRIC VEHICLES (EV) MAKE ONLY AROUND 9.0% OF TOTAL CAR SALES, WORTH 66.7 MILLION CARS IN 2021: The total global car market grew just 4.5% in 2021, by around 66.7 million cars. In 2020, the world sold around 63.8 million cars. The estimates say that around 6.5 million electric vehicles (EVs) were sold worldwide in 2021, up 109% from 2020. EV sales represent around 9% of all passenger car sales in 2021. The EV sector increased its market share from 4.11% in 2021 to around 9.00% off the global car sales.
  • MARKET POTENTIAL: ELECTRIC VEHICLES (EV) ARE EXPECTED TO TAKE UP AROUND 50% OF GLOBAL CAR SALES BY 2030. The 2021 figures of 287.36 billion dollars are an increase of around 76% from 2020’s 160.01 billion dollars. Expecting this number to grow to 823.75 billion dollars, the EV market could be growing annually on average by 18.6%.

FISKER:

  • THE COMPANY: Fisker is an American Electric Vehicle maker, founded by Henrik Fisker. The company has maintained a market capitalization of 2.3 billion dollars, which is down from around 9 billion dollars in early 2021.
  • PROJECTED RESERVATIONS: 60,000 - 80,000. Initial reservations cost was $250. In total, this should be a money inflow of 15- 20 million dollars. Starting October 31, 2022, the company will provide an estimated delivery window when a preferred Fisker Ocean model will ship.
  • FIRST PREORDERS TO BE DELIVERED BY THE END OF 2022: 5,000. The company has received down- payments of $5,000 for each preorder totaling 25 million dollars. According to initial estimates, the company should receive around 325 million dollars.
  • TWO NEW MODELS EXPECTED: 1. Fisker PEAR. The basic model should start selling at prices of under $30,000. Production is expected to start in 2024. 2. Project Ronin. The model should be unveiled in the summer of 2023.
  • ANNUAL PRODUCTION CAPACITY: 50,000. However, the company may expand its production capacity as demand continued to rise. Therefore the company’s revenue figures could start at around 3 billion dollars per year.
  • AVERAGE SELLING PRICE: $60,000.
  • LONG TERM PLANS: Production of 1 million vehicles per year by 2027. If the company manages to keep its average selling price at current levels ($60,000), Fisker will be able to make around 60 billion dollars per year in revenue by 2027.
  • MARKETS TO COVER: North America, Europe and Asia (Including China and India).

OTHER EVENTS AND ANALYSIS:

  • EVENT: THE FLAGSHIP FISKER OCEAN SUV MODEL to start production on November 17, 2022: 1. Fisker Ocean Sport to start selling at $37,499. 2. Fisker Ocean Ultra to start selling at $49,999. 3. Fisker Ocean Extreme to start selling at $68,889.
  • EVENT (EXPECTED: NOVEMBER 3): Q3 EARNINGS REPORT. The company is expected to reveal further plans on growth for the coming months and years as they start with delivery in late 2022.
  • EVENT: AUTOSHOWS PARIS (OCTOBER 17 TO OCTOBER 23) AND OSLO (OCTOBER 28 TO OCTOBER 30). The Fisker Ocean will be presented to the Europeans again in late October.
  • PRICE ACTION: THE STOCK FELL TO AN ALL- TIME LOW OF $7.15 (OCTOBER 2022), REPRESENTING A DECLINE OF 77% FROM ITS ALL- TIME HIGH OF $31.96 (MARCH 2021). Fisker was last trading around $7.80, and If a full recovery follows to recent all- time highs, the stock could see an upside of around 310%.
  • ANALYSTS OPINIONS: Morgan Stanley forecasts $10 a share. Citigroup forecasts $28. Barclays forecasts $14. RBC Capital forecasts $13. Bloomberg’s Analyst Consensus forecasts $15.50.

#FISKER, October 5, 2022
Current Price: 7.80

Fisker

Weekly

Trend direction

UP

Resistance 3

15.50

Resistance 2

13.00

Resistance 1

10.00

Support 1

5.90

Support 2

5.50

Support 3

5.00

Example of calculation based on weekly trend direction for 1 Lot1

Fisker

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

38,500

26,000

11,000

-9,500

-11,500

-14,000

Profit or loss in €2

38,977

26,322

11,136

-9,618

-11,643

-14,174

Profit or loss in £2

33,741

22,786

9,640

-8,326

-10,078

-12,269

Profit or loss in C$2

52,287

35,311

14,939

-12,902

-15,618

-19,014

1. 1.00 lot is equivalent of 5000 units

2. Calculations for exchange rate used as of 08:15 (GMT+1) 05/10/2022

Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.

  • You may wish to consider closing your position in profit, even if it is lower than suggested one
  • Trailing stop technique can protect the profit – Ask your Client Manager for more detail

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