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 |
|
|
15.50 |
|
|
13.00 |
|
|
10.00 |
|
|
5.90 |
|
|
5.50 |
|
|
5.00 |
Example of calculation based on weekly trend direction for 1 Lot1
|
Fisker |
||||||
|
Pivot Points |
||||||
|
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
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