Kleos Space confirmed launch window; A Technical outlook of the stock

Kleos Space S.A. (ASX: KSS) is a space enabled activity-based intelligence company based in Luxembourg, founded by space engineers. The company was founded in 2017 to develop a space enabled Data-as-a-Service concept. The company strives to save lives, protect assets and guard borders be delivering intelligence and geolocation services.

On 27th May 2019, the company announced the launch window of its Scouting Mission in August 2019 and it would take place on a Rocket Lab Electron launch vehicle. A fourteen-day launch window will be publicly advised approximately twenty days before the scheduled launch date.

The company is ready with its launch Scouting satellites, and it will be taken on site as soon as the Rocket Lab customer area is ready to accept Kleos team for integration activities. Rocket Lab’s proprietary Maxwell dispense has been used to check all the four satellites. Maxwell dispenser is used for placement from the Electron kick stage to low Earth orbit.

The satellite testing will come to an end with a complete system test using KSAT equipment station immediately prior to flight acceptance review and dispatch to launch site.

In this ridesharing mission with Rocket Lab, the satellites are to be commissioned in an exact five-hundred-kilometre Sun Synchronous Orbit.

Key Personnel’s statement

The CEO of the company, Andrew Bowyer, stated that the technical team has done exceptionally well and continue to optimise the post-launch phase.

Lars Hoffman, Senior Vice President of Global Launch Services of Rocket Lab, mentioned that the team is excited to provide a top-notch ride to orbit on Electron.

Technical Outlook

In 2019 the stock has given quite a good return, after listing in August 2018. It started 2019 at a price of A$0.10 and spent couple of weeks around this level, moving in a tight narrow range, hovering around A$0.89 – A$ 0.11. On 12th February 2019, the stock started to show some movement as the stock closed at the highest level for the year at A$0.12 (as of 12th February 2019) with highest daily volume in the year at 747.71k (as of 12th February 2019). The was the beginning of the rally which continued for many weeks.

Daily Chart of Kleos Space (Source: Thomson Reuters)

At the highest point, the price touched the level of A$0.30, which took only ten weeks after 12th February 2019. The rally was so strong that till the high of A$0.3 reached, the stock had given a negative return for just 1 out of 10 weeks.

After reaching the top, the stock started to face selling pressure and corrected down to the lowest level of A$0.20. On the weekly chart, the stock has strong support around A$0.20, and below that, the next support level seems to be at A$0.17.

Weekly Chart of Kleos Space (Source: Thomson Reuters)

The stock is still trading above the 21-week moving average, which is stating the current trend to be positive, till the time the stock price trades above the moving average.

One fundamental reason for this year’s rally can be found here.

Stock Performance

The company has a market capitalisation of A$26.12 million, and the stock had touched a 52-week high and low of A$0.3 and A$0.089 respectively. The stock decreased by 2% and closed at A$0.24 after making an intraday low of A$0.235 as on 27th May 2019. The YTD return stands at 133.3%.


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