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Helbiz Inc. (HLBZ) Stock Could Soon Reward Patient Investors

Helbiz Inc. (NASDAQ: HLBZ) is -92.04% lower on its value in year-to-date trading and has touched a low of $0.45 and a high of $41.88 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HLBZ stock was last observed hovering at around $0.49 in the last trading session, with the day’s loss setting it -0.05% off its average median price target of $13.00 for the next 12 months. It is also 96.62% off the consensus price target high of $13.00 offered by 1 analysts, but current levels are 96.62% higher than the price target low of $13.00 for the same period.

Currently trading at $0.44, the stock is -34.03% and -42.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.57 million and changing -11.17% at the moment leaves the stock -82.49% off its SMA200. HLBZ registered -96.96% loss for a year compared to 6-month loss of -85.82%.

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The stock witnessed a -54.59% gain in the last 1 month and extending the period to 3 months gives it a -48.86%, and is -25.74% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.11% over the week and 12.54% over the month.

Helbiz Inc. (HLBZ) has around 355 employees, a market worth around $23.12M and $16.50M in sales. Distance from 52-week low is -3.00% and -98.96% from its 52-week high. The company has generated returns on investments over the last 12 months (-164.70%).

Helbiz Inc. (HLBZ) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Helbiz Inc. (HLBZ) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 1.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Helbiz Inc. is expected to release its quarterly report on 11/14/2022.The EPS is expected to shrink by -306.30% this year.

Helbiz Inc. (HLBZ) Top Institutional Holders

The shares outstanding are 34.74M, and float is at 24.47M with Short Float at 2.93%.

Helbiz Inc. (HLBZ) Insider Activity

A total of 8 insider transactions have happened at Helbiz Inc. (HLBZ) in the last six months, with sales accounting for 0 and purchases happening 8 times. The most recent transaction is an insider purchase by Palella Salvatore,the company’sChief Executive Officer. SEC filings show that Palella Salvatore bought 79,365 shares of the company’s common stock on Aug 17 at a price of $1.26 per share for a total of $100000.0. Following the purchase, the insider now owns 5.2 million shares.

Helbiz Inc. disclosed in a document filed with the SEC on Aug 15 that Palella Salvatore (Chief Executive Officer) bought a total of 252,636 shares of the company’s common stock. The trade occurred on Aug 15 and was made at $3.00 per share for $0.76 million. Following the transaction, the insider now directly holds 5.12 million shares of the HLBZ stock.

Still, SEC filings show that on Jul 20, Palella Salvatore (Chief Executive Officer) acquired 327,425 shares at an average price of $0.62 for $0.2 million. The insider now directly holds 4,872,101 shares of Helbiz Inc. (HLBZ).

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