Wall Street analysts’ outlook for Helbiz Inc. (HLBZ)

Helbiz Inc. (NASDAQ: HLBZ) stock fell -3.76% on Tuesday to $0.41 against a previous-day closing price of $0.43. With 433.72 million shares changed hands, the volume of the stock remained heavier than its average volume of 47.0 million shares. During the session, the Recreational Vehicles company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.5540 whereas the lowest price it dropped to was $0.3692. The 52-week range on HLBZ shows that it touched its highest point at $4.42 and its lowest point at $0.11 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 199.71%, but this was up by 129.05% over a month. Three-month performance surged to 49.04% while six-month performance fell -31.58%. The stock lost -89.75% in the past year, while it has gained 214.18% so far this year.

Float and Shares Shorts:

At present, 129.61 million HLBZ shares are outstanding with a float of 81.19 million shares on hand for trading. On Dec 29, 2022, short shares totaled 1.83 million, which was 1.41% higher than short shares on Nov 29, 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 3.14% of HLBZ’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 3.29% of HLBZ, in contrast to 14.78% held by mutual funds. Shares owned by individuals account for 0.83%. As the largest shareholder in HLBZ with 2.43% of the stake, Credit Suisse AG holds 1,918,282 shares worth 1,918,282. A second-largest stockholder of HLBZ, The Vanguard Group, Inc., holds 492,248 shares, controlling over 0.62% of the firm’s shares. The Bank of New York Mellon Corp is the third largest shareholder in HLBZ, holding 227,541 shares or 0.29% stake. With a 0.49% stake in HLBZ, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 386,127 shares are owned by the mutual fund manager. The iShares Tr. – Micro Cap ETF, which owns about 0.15% of HLBZ stock, is the second-largest Mutual Fund holder. It holds 118,246 shares valued at 15490.0. Vanguard Extended Market Index Fu holds 0.13% of the stake in HLBZ, owning 106,121 shares worth 13902.0.


An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, HLBZ reported revenue of $4.36M and operating income of -$16.40M. The EBITDA in the recently reported quarter was -$15.23M and diluted EPS was -$0.57.

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 3070.73% to reach the target high and rise by 3070.73% to reach the target low. Reaching the average price target will result in a growth of 3070.73% 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 04/11/2024. 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. 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 6 Buys and 0 Sells. In these transactions, 10,463,863 shares were bought while 0 shares were sold. The number of buy transactions has increased to 16 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 15,695,390 while 0 shares were sold.

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