Take off with Helbiz Inc. (HLBZ): Get ready for trading

Helbiz Inc. (NASDAQ: HLBZ) stock jumped 114.64% on Friday to $1.61 against a previous-day closing price of $0.75. With 205.74 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.28 million shares. During the session, the Recreational Vehicles company that operates in wider Consumer Cyclical sector, reached to the highest price of $1.8800 whereas the lowest price it dropped to was $1.0100. The 52-week range on HLBZ shows that it touched its highest point at $41.88 and its lowest point at $0.45 during that stretch.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HLBZ was up-trending over the past week, with a rise of 232.64%, but this was up by 145.73% over a month. Three-month performance surged to 22.90% while six-month performance fell -60.05%. The stock lost -83.62% in the past year, while it has lost -70.67% so far this year.

Float and Shares Shorts:

At present, 30.14 million HLBZ shares are outstanding with a float of 1.81 million shares on hand for trading. On Jul 14, 2022, short shares totaled 0.59 million, which was 1.45% higher than short shares on Jun 14, 2022. In addition to Mr. Salvatore Palella as the firm’s Founder, Chairman, Pres & CEO, Mr. Giulio Profumo serves as its CFO & Director.

Institutional Ownership:

Through their ownership of 7.53% of HLBZ’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.23% of HLBZ, in contrast to 18.46% held by mutual funds. Shares owned by individuals account for 0.68%. As the largest shareholder in HLBZ with 3.56% of the stake, Credit Suisse AG holds 940,000 shares worth 940,000. A second-largest stockholder of HLBZ, The Vanguard Group, Inc., holds 106,121 shares, controlling over 0.40% of the firm’s shares. Virtu Financial BD LLC is the third largest shareholder in HLBZ, holding 53,031 shares or 0.20% stake. With a 0.40% stake in HLBZ, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 106,121 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.12% of HLBZ stock, is the second-largest Mutual Fund holder. It holds 30,804 shares valued at 20023.0. iShares Tr. – Micro Cap ETF holds 0.07% of the stake in HLBZ, owning 17,663 shares worth 11481.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HLBZ since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HLBZ analysts setting a high price target of $13.00 and a low target of $13.00, the average target price over the next 12 months is $13.00. Based on these targets, HLBZ could surge 707.45% to reach the target high and rise by 707.45% to reach the target low. Reaching the average price target will result in a growth of 707.45% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. HLBZ will report FY 2021 earnings on 04/13/2023. Analysts have provided yearly estimates in a range of -$1.24 being high and -$1.24 being low. For HLBZ, this leads to a yearly average estimate of -$1.24. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Helbiz Inc. reported -$0.64 EPS. Based on analyst estimates, the high estimate for the next quarter is -$0.25 and the low estimate is -$0.25. The average estimate for the next quarter is thus -$0.25.

Summary of Insider Activity:

Insiders traded HLBZ stock several times over the past three months with 3 Buys and 0 Sells. In these transactions, 2,699,526 shares were bought while 0 shares were sold. The number of buy transactions has increased to 7 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 4,699,526 while 0 shares were sold.

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