Wednesday, May 18, 2022

Harley-Davidson Inc. (HOG) stock is rising but why?

Harley-Davidson, Inc. the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services, specializing in innovation and distinctive motorcycle ‘culture’, recently announced a much stronger-than-expected first-quarter financial report. Harley Davidson saw its consolidated revenue increased by 10 percent in the first quarter compared to Q1 2020. HOG shares surged adjacent to the news.


Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here. .

Sponsored


At last check, shares of Harley-Davidson Inc. (HOG) were soaring 13.52% at $45.77. HOG stock declined 0.15% to complete the last trading session at $40.38.The price range of the company’s shares fluctuated between $40.22 and $41.25. In the last year, the company’s stock has surged 120.05%, with a current market of $6.20 billion and its outstanding shares standing at 153.28 million.

Harley-Davidson to face EU tariff ruling.


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


Harley-Davidson has been notified from the Economic Ministry of Belgium, that in accordance to the European Union, it would be subject to the revocation of Binding Origin Information credentials. BOI regulatory credentials allowed the company to distribute specific motor vehicles at a reduced tariff rate of 6%.

The newly made policy will apply to complete the Harley-Davidson product line and will halt the company to sell competitively within Europe. After June 2021, the whole product portfolio of Harley-Davidson will include a massive 56% import tariff within the European Union. However, Harley-Davidson is aggressively trying to defend its position and revert the decision through legal means.

Harley-Davidson’s motorcycle market is diminishing.

HOG’s customer demographic and target audience has shifted towards growing markets such as electric bikes and scooters, with HOG revenue declining since half a decade. HOG strategies to initiate electric motorcycle production has immensely failed, with their core business having no plans to transition fully to Electric motorcycles.

Harley Davidson Management has tried to shift its product lines, focusing on electric bike manufacturing. However, due to late realization by the company, investors are not sure if it will be able to grab a significant market share in smaller electric mobility products.

Conclusion

HOG, offered a better-than-expected outlook for the current quarter, with significantly improved Motorcycle segment gross margins and increased cash flow from operations. However, consumer transition to electric bikes has halted the company to further skyrocket.

Latest news

Highlights from Financial Report for JD Stock

JD.com Inc. (NASDAQ: JD), a Chinese e-commerce expert, released its first-quarter results. The company's growth slowed slightly, but it was still in the double...

A Few Bright Spots in Tesla Inc. (TSLA)

Tesla's (TSLA) Shanghai facility ceased operations on Monday owing to material shortages, according to Reuters. Furthermore, demand for Tesla electric vehicles decreased drastically in...

A Closer Look at DocuSign Inc.’s (DOCU) Growth Curve

DocuSign Inc. (NASDAQ: DOCU), a software firm that creates an electronic signature and verification solutions, is presently trading more than 70% below its 52-week...

One Of The Good Ones: Enphase Energy Inc. (ENPH)

Enphase Energy, Inc. (NASDAQ: ENPH), a maker of inverters, released its first-quarter 2022 results. Enphase set a new sales record and outperformed Wall Street...

Related news

Highlights from Financial Report for JD Stock

JD.com Inc. (NASDAQ: JD), a Chinese e-commerce expert, released its first-quarter results. The company's growth slowed slightly, but it was still in the double...

A Few Bright Spots in Tesla Inc. (TSLA)

Tesla's (TSLA) Shanghai facility ceased operations on Monday owing to material shortages, according to Reuters. Furthermore, demand for Tesla electric vehicles decreased drastically in...

A Closer Look at DocuSign Inc.’s (DOCU) Growth Curve

DocuSign Inc. (NASDAQ: DOCU), a software firm that creates an electronic signature and verification solutions, is presently trading more than 70% below its 52-week...

One Of The Good Ones: Enphase Energy Inc. (ENPH)

Enphase Energy, Inc. (NASDAQ: ENPH), a maker of inverters, released its first-quarter 2022 results. Enphase set a new sales record and outperformed Wall Street...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

1745

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam