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.
- CURRENT NUMBER OF RESERVATIONS: 800+. Many of them were purchased at a price of $250,000, before the company decided to raise the ticket price to $450,000 and now $1,000,000 for the two remaining VSS UNITY flights for 2024.
- PROJECTED REVENUE PER FLIGHT: $2.7 million.
VIRGIN GALACTIC: NEWS AND EVENTS
- EVENT: NEXT FLIGHT (GALACTIC O6): EARLY JANUARY 2024. The company has announced that it will have only 2 flights in 2024, specifically in the first half, before shifting their focus and resources on developing new space plane fleets and resume flights by the middle of 2025.
- NEWS: COST CUTTING AND NEW FLEETS - The company laid off 185 employees to cut costs and redirect resources to building new Delta spaceplanes which will have the ability to seat six people and fly twice per week and generate more revenue than the current Unity flights.
PRICE MOVEMENT:
- UPWARD MOVEMENT: The price of the stock reached an all-time low of $1.27 on October 27th 2023 and has since made an upward spike of 95.28% to $2.48 at the time of this report.
- This is the sixth of many such waves the stock has experienced since 2020 and the stock still has great upside potential since its all-time high of $62.80 (February 11, 2021) (~2530%) and its 52-week high of $6.61 (~165%). Although the price could potentially go down.
- The average duration of these waves is 64 days. This is now the 52nd day of the wave.
Source: MT4
Please note that past performance does not guarantee future results.
(#VIRGING), December 18th, 2023
Current Price: 2.48
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Virgin Galactic |
Weekly |
|
Trend direction |
|
|
4.00 |
|
|
3.50 |
|
|
3.00 |
|
|
2.00 |
|
|
1.90 |
|
|
1.80 |
Example of calculation based on weekly trend direction for 1 Lot1
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Virgin Galactic |
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Profit or loss in $ |
15,200.00 |
10,200.00 |
5,200.00 |
-4,800.00 |
-5,800.00 |
-6,800.00 |
|
Profit or loss in €² |
13,919.16 |
9,340.49 |
4,761.82 |
-4,395.52 |
-5,311.26 |
-6,226.99 |
|
Profit or loss in £² |
11,977.51 |
8,037.54 |
4,097.57 |
-3,782.37 |
-4,570.37 |
-5,358.36 |
|
Profit or loss in C$² |
20,320.20 |
13,635.92 |
6,951.65 |
-6,416.90 |
-7,753.76 |
-9,090.61 |
- 1.00 lot is equivalent of 10000 units
- Calculations for exchange rate used as of 09:00 (GMT) 18/12/2023
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