Market cap of Helbiz Inc. [HLBZ] reaches 42.49M – now what?

Helbiz Inc. [NASDAQ: HLBZ] price plunged by -5.69 percent to reach at -$0.01. The company report on February 21, 2023 that Helbiz Kitchen Opens First US Location in Santa Monica, Los Angeles.

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Helbiz Kitchen launches operations in Santa Monica making Los Angeles the first city in the US to host both mobility and food-delivery.

Helbiz Kitchen, a Helbiz (NASDAQ: HLBZ) company, is proud to announce the launch of its first kitchen in Santa Monica, Los Angeles, in partnership with Kitchen United. The opening of the second location in Los Angeles is planned for next week and it will be located in the Westwood area.

A sum of 33022999 shares traded at recent session while its average daily volume was at 63.02M shares. Helbiz Inc. shares reached a high of $0.149 and dropped to a low of $0.138 until finishing in the latest session at $0.14.

The average equity rating for HLBZ stock is currently 1.00, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Helbiz Inc. [HLBZ]:

The Average True Range (ATR) for Helbiz Inc. is set at 0.03, with the Price to Sales ratio for HLBZ stock in the period of the last 12 months amounting to 2.74.

HLBZ Stock Performance Analysis:

Helbiz Inc. [HLBZ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.80. With this latest performance, HLBZ shares dropped by -40.52% in over the last four-week period, additionally sinking by -78.46% over the last 6 months – not to mention a drop of -95.33% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HLBZ stock in for the last two-week period is set at 43.43, with the RSI for the last a single of trading hit 43.40, and the three-weeks RSI is set at 44.42 for Helbiz Inc. [HLBZ]. The present Moving Average for the last 50 days of trading for this stock 0.1779, while it was recorded at 0.1393 for the last single week of trading, and 0.4819 for the last 200 days.

Insight into Helbiz Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Helbiz Inc. [HLBZ] shares currently have an operating margin of -457.74 and a Gross Margin at -164.77. Helbiz Inc.’s Net Margin is presently recorded at -560.78.

Return on Equity for this stock declined to -305.26, with Return on Assets sitting at -128.48.

Helbiz Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.30.

Helbiz Inc. [HLBZ] Insider Position Details

There are presently around $1 million, or 3.40% of HLBZ stock, in the hands of institutional investors. The top three institutional holders of HLBZ stocks are: CREDIT SUISSE AG/ with ownership of 1,918,282, which is approximately 0% of the company’s market cap and around 8.40% of the total institutional ownership; BANK OF NEW YORK MELLON CORP, holding 860,695 shares of the stock with an approximate value of $0.12 million in HLBZ stocks shares; and BLACKROCK INC., currently with $72000.0 in HLBZ stock with ownership of nearly 1360.387% of the company’s market capitalization.

Positions in Helbiz Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 13 institutional holders increased their position in Helbiz Inc. [NASDAQ:HLBZ] by around 1,662,619 shares. Additionally, 8 investors decreased positions by around 295,657 shares, while 4 investors held positions by with 2,666,939 shares. The mentioned changes placed institutional holdings at 4,625,215 shares, according to the latest SEC report filing. HLBZ stock had 4 new institutional investments in for a total of 357,555 shares, while 7 institutional investors sold positions of 285,513 shares during the same period.


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