Virgin Galactic special report based On 1.00 Lot Calculation:
SPACE TOURISM
- INDUSTRY: Relatively new 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 are expected to take tourists in space already in 2023.
- MARKET POTENTIAL: AN INCREASE OF 506% EXPECTED UNTIL 2031. According to BIS Research, in 2020, the size of the Sub-Orbital and Space Tourism market was $428.8 million. It could be expected to rise to nearly $2.6 billion by 2031, which represents a Compounded Annual Growth Rate of 17.15%.
- COMMERCIAL (PAYING) FLIGHTS TO START IN 2023: Blue Origin and Virgin Galactic are both expected to offer flights to space in 2023. Blue Origin is said that it has booked flights worth 100 million dollars for the coming period, while Virgin Galactic is said to have 1000 customers waiting to be taken up to space by the company.
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.
- GROWTH POTENTIAL: AN INCREASE FROM $3.292 MILLION TO $1.7 BILLION BY 2030. The company could be expected to grow its revenue by 2025 from $3.292 million to $219 million.
EVENTS AND ANALYSIS:.
- EVENT (May 25th, 2023, Manned Test Flight): Virgin Galactic is scheduled to conduct a manned rocket-powered test flight into space with two pilots and a crew of four.
- EVENT (Q2 OF 2023): COMMERCIAL FLIGHTS FINALLY BEGIN. The company has said commercial service is expected to commence in June 2023.
- NEWS (Test Flight, April 26, 2023): Virgin Galactic completed a successful test glide flight of its spacecraft Unity 24. The company said it would next perform a rocket powered test with two pilots and four mission crew specialists.
- ANALYSTS’ OPINIONS: Cowen set a price target of $7 on May 11th, 2023. Jefferies set a price target of $8 on May 10th, 2023.
- STOCK PRICE ACTION: The stock has had a downward correction over 91% from its all-time high of $62.33 (January 2021).
(#VIRGING), May 23rd, 2023
Current Price: 5.00
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Virgin Galactic |
Weekly |
|
Trend direction |
|
|
11.00 |
|
|
9.00 |
|
|
7.00 |
|
|
3.75 |
|
|
2.50 |
|
|
2.25 |
Example of calculation based on weekly trend direction for 1 Lot1
|
Virgin Galactic |
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Pivot Points |
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|
Profit or loss in $ |
60,000.00 |
40,000.00 |
20,000.00 |
-12,500.00 |
-25,000.00 |
-27,500.00 |
|
Profit or loss in €2 |
55,531.65 |
37,021.10 |
18,510.55 |
-11,569.09 |
-23,138.19 |
-25,452.00 |
|
Profit or loss in £2 |
48,382.80 |
32,255.20 |
16,127.60 |
-10,079.75 |
-20,159.50 |
-22,175.45 |
|
Profit or loss in C$2 |
81,159.00 |
54,106.00 |
27,053.00 |
-16,908.13 |
-33,816.25 |
-37,197.88 |
- 1.00 lot is equivalent of 10000 units
- Calculations for exchange rate used as of 09:52 (GMT+1) 23/05/2023
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