In both Italy and the US, Helbiz, Inc., a based on inter transport business, offers micro-mobility services. Mobility, Media, and Other areas make up its business. The business sells electric scooters, bikes, and mopeds.
Users can rent electric vehicles straight through the Helbiz smartphone application thanks to the sharing economy it offers. The first company to implement the shareable electric scooter model within Italy as soon as It hits 2018 through the regulation and legalization of the e – scooters in Italy is Helbiz, which was formed on October 16, 2015 by Italian successful entrepreneur Salvatore Palella.
The company also provides Helbiz Kitchen, a shipment ghost kitchen cafe that specializes in cooking meals, in addition to the purchase, monetization, and content distribution like live sporting events. The corporate headquarters of Helbiz, Inc. are in New York, Nyc.
News And IPO
Helbiz stated in August 2019 that the initial financing round has been successfully closed with the gross proceeds of about $7.13 million. The placement agency in this case was TriPoint Global Equities, LLC. A part of a Zhonglu Group with its headquarters in China, Forever Sharing purchased 5% of Helbiz’s share capital in October 2019, making an 8 million dollar investment in the business.
The investment is worth 160 million dollars for Helbiz. As a result of the collaboration, Forever Sharing will provide Helbiz with 20,000 electrical bikes and scooters to be deployed internationally by the end of 2019 and the start of 2020. IPOs weren’t held in 2019 or 2020.
Events And Joint Ventures
Helbiz and Telepass created a new partnership in January 2019 that enables users to hire and pay for HELBIZ’s electric scooters directly through Telepass Pay. Users of a Telepass Mobile App can pay for parking, gas, and other transportation expenses.
Helbiz and Matchless collaborated in February 2019 to debut an electric scooter runway display that promoted green goods and services. Helbiz and Moovit, an app that combines city-specific public transit services and provides mobility as a service, joined in March 2019.
The alliance aims to include electric scooters from Helbiz into the current public transportation system. Helbiz took part in the ABB FIA Formula E Championship’s grand finale in the Red Hook, Brooklyn, New York City E-Prix.
What Project Is Helbiz Currently Busy With?
Helbiz declared that it would take a number of actions going forward to cut costs in order to lighten the organization’s financial load and hasten the road to profitability. The quarterly burn rate will be reduced by 20 to 30% thanks to cost savings and employee reductions.
15% of the workforce in the corporate and operational teams with in U.S. and Europe will be cut over the next several days. A thorough analysis of present expenses and responsibilities will also be conducted in an effort to cut spending even more.
Helbiz has already begun collaborating with the outside parties and streamlining where it makes reason to remove costs. Finally, Helbiz will look for partners to co-own or run the Media business with. For the upcoming three seasons (2021–2022, 2022–2023, and 2023–2044), Helbiz Media has purchased the OTT rights for transmission in Italy.
How Much Does A Share Of HLBZ Stock Cost?
Helbiz’s stock price is currently $0.23 per share (NASDAQ: HLBZ) (as of Nov 27, 2022). Helbiz’s stock is traded just on NASDAQ underneath the ticker HLBZ. NASDAQ: HLBZ can also be used to display Helbiz stock quotations.
The 52 week high and low of Helbiz were $9.49 and $0.15, respectively. Right now, it is 53.33% away from its 52 week low and -97.58% away from its 52 week high.
How Much Is The Stock Of HLBZ Currently Worth?
Helbiz now has 93,287,910 shares in circulation (NASDAQ: HLBZ). The market capitalization of Helbiz stock, which is currently selling at $0.23 per unit, is $21.46M.
Helbiz shares debuted on the market on November 19, 2019, for $10.03. Your three-year return on investment in HLBZ stock forecast at $10.03 would be -97.71%, for an annualized return of -71.59%. Not incorporating any rewards or passive investments in dividends.
What Is The Price Target For HLBZ?
The average HLBZ price goal, as reported by one Wall Street analyst who published an HLBZ price target for the next year, is $13.00, with $13.00 being both the maximum and minimum HLBZ stock forecast.
By November 17, 2022, the Wall Street analysts projected that Helbiz’s stock price may reach $13.00. The typical HLBZ stock forecast price estimate predicts a possible increase from the present HLBZ stock price of $0.23 of 5,552.17%.
This indicates that experts HLBZ stock forecast this stock will perform better than the market during the coming year.
Why Is Helbiz Stock Increasing?
The extremely broad and downward short-term trend up has been broken by the HLBZ stock forecast. First, a slower decreasing rate is seen, although this could be a precursor of a change in trend. Support for the reaction will be found at $0.201.
The ceiling of the recently broken trend, which may offer a second opportunity to hit a run. The next potential trend-top level, $0.405, will, in accordance with the fan-theory, represent a levels of resistance that might not be broken on the first try.
We are unable to provide a HLBZ stock forecast estimate for this stock due to high fluctuation and the direction of the trend. Please take note that our projection target will begin to change favorably over the following few days if the stock price continues to maintain current levels or better, as the parameters for the existing HLBZ stock forecast will be violated.
How To Purchase Helbiz Shares?
Choose where to purchase Helbiz stock: You must select an online brokerage, but do not worry; we have combed through a large number of stock brokerages and apps to assist you in determining where to purchase Helbiz stock.
Opening a brokerage account Join the top-rated brokerage we have found to trade with the 0% commission. It is the greatest location to purchase HLBZ stock.
Put money into your investment account: Add your details after selecting a payment method. Study the HLBZ stock forecast. Place your HLBZ order: Choose whether to buy HLBZ stocks at the going market rate or place a stop order to purchase HLBZ stocks at a specific price. Monitoring your HLBZ investment.
What Is The Expected Rise In HLBZ’s Earnings By 2023?
(HLBZ on NASDAQ) Helbiz’s projected yearly earnings growth rate of N/A is not anticipated to surpass the average projected earnings growth rate of 19.17%. For the US Recreational Vehicles industry, nor is it anticipated to surpass the average projected earnings growth rate of 68.22% for the US market.
Helbiz will make -$85,615,000 in 2022. With the minimum HLBZ stock forecast prognosis at -$75,563,207 and the top HLBZ earnings projection at -$75,563,207, 1 Wall Street assessment is to identify that HLBZ’s profits for 2022 will be, on average, -$75,563,207.
HLBZ is expected to make -$28,919,252 in 2023, with the smallest earnings estimate being -$28,919,252 as well as the highest estimate being -$28,919,252.
What Is The Market Cup In Helbiz?
(HLBZ on NASDAQ) As of November 27, 2022, Helbiz’s market capitalization was $21.46M. The entire market value of a publicly listed company’s outstanding shares is known as market cap (market capitalization).
Helbiz’s market capitalization is determined by dividing the 93,287,910 total shares outstanding of HLBZ by the value of the stock of $0.23.
Financial Overview For HLBZ
The cash burn for HLBZ is 6291000. It lacks the liquidity and short-term investments necessary to cover this. The HLBZ ratio of debt to equity is negative at -1.64. HLBZ holds $3.33M in short-term investments and cash. This is insufficient to fund its $62.91M yearly cash burn.
On the balance sheet of HLBZ, long-term liabilities outnumber short-term assets. HLBZ is still in the negative overall. Although HLBZ’s profit margin increased by 0.37 percent in the previous year, the business is still not profitable. On the balance sheet of HLBZ, there are more brief obligations than short-term assets.
Large Shareholders And HLBZ Executives Trading In Or Out Of The Stock?
Executives at HLBZ have purchased more shares in the past year than they have sold. HLBZ CEO Salvatore Palella was the most recent insider to purchase shares. On November 25, 2022, they acquired the HLBZ shares valued $711,414.86.
Helbiz doesn’t generate income through dividend payments. The consensus analyst recommendation for HLBZ is a Buy based on one Wall Street analysts’ estimates. HLBZ made $15.48M in income last year. The revenue of the HLBZ has increased by 131.99% annually over the last two years. This was quicker than the 20.71% industry average for recreational vehicles.
Should You Make A Current Investment In Helbiz?
A pivoting bottom point served as the source of a buy signal, which has since increased by 36.90%. Up until the discovery of a new top pivot, more growth is HLBZ stock forecast. Additionally, the three months Moving Average Convergence Divergence has generated a buy signal (MACD).
Price and volume are both rising. This is seen as a strong technical indicator. Additionally, certain unfavorable signals were sent, and these could have an impact on the development in the near future.
The relatively brief moving average has issued a buy signal for Helbiz, Inc. stock, while the long-term average has issued a general sell signal. Since the long-term average is higher than the short-term average, the stock has a broad sell signal and a more pessimistic outlook.
Risk For HLBZ Stock
On the downside, cumulative volume around $0.193 and $0.183 provides support for the stock just below the level of today. Whenever a market is testing a resistance level, there is an inherent risk involved since if this level is breached, the stock may fall into the next support line.
Helbiz, Inc. has support around $0.193, which is little below the current price. The following support levels from accumulated volume, if this is breached, are at the $0.183 and $0.175.
This stock is regarded as “extremely high risk” since it has a very wide HLBZ stock forecast interval from of the Bollinger Band and may move significantly during the trading day. The stock fluctuated $0.0689, or 34.28%, between the both high and low over the previous day.
Expectations In Trading For The Upcoming Trading Day On Monday
Helbiz, Inc. is anticipated to begin trading on Monday, February 28 at $0.234. Based on the 14-day average, the price is expected to fluctuate throughout the day around $0.187 and $0.273, with a potential trading range of +/-$0.0432 either up or down from the previous closing price.
The difference between the day’s lowest and highest trading prices is predicted to be 37.57% if Helbiz uses the whole calculated probable swing range. Our systems do not deem the trading risk/reward favorable for intraday trading because the stock is nearer to the opposition from cumulative activity at $0.238 than that of the support at $0.193.
And any wagers must be held till the stock is nearer to the support level. Helbiz, Inc. has multiple warning signs, and we HLBZ stock forecast that it will continue to perform poorly over the coming days or weeks. As a result, we have a pessimistic opinion of this stock.
Is GOEV A Good Buy?
Designing, engineering, developing, and producing electric vehicles for the commercial and residential markets in the US is the business of Canoo Inc., a mobile tech firm. GOEV (NASDAQ:) The current share price for Canoo is $1.13. As of Nov 26, 2022.
GOEV (NASDAQ:) There are presently 324,500,887 shares of Canoo outstanding. The market capitalization of Canoo stock, which is currently trading at $1.13 a share, is $366.69M. Canoo stock debuted on the market on March 1, 2019, for $10.02. Your return over the last three years would also be -88.72%, for just an annual return of -51.69%, if you had purchased Canoo stock at $10.02.
The market value of Canoo is calculated by dividing the 324,500,887 outstanding shares of the GOEV by the stock’s current price of $1.13.