Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Helbiz Inc. shares valued at $203,986 were purchased by Palella Salvatore on Jul 20. At $0.62 per share, Palella Salvatore acquired 327,425 shares. The insider’s holdings grew to 4,872,101 shares worth approximately $2.87 million following the completion of this transaction.
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Also, Palella Salvatore purchased 2,044,676 shares, netting a total of over 2,024,229 in proceeds. Following the buying of shares at $0.99 each, the insider now holds 4,544,676 shares.
Before that, Palella Salvatore had added 1,600,000 shares to its account. In a trade valued at $2,400,000, the Chief Executive Officer bought Helbiz Inc. shares for $1.50 each. Upon closing the transaction, the insider’s holdings increased to 1,600,000 shares, worth approximately $1.48 million.
Analyzing HLBZ’s Price Performance
On Thursday, Helbiz Inc. [NASDAQ: HLBZ] plunged -1.22% to $0.59. The stock’s lowest price that day was $0.5621, but it reached a high of $0.66 in the same session. During the last five days, there has been a surge of approximately 17.35%. Over the course of the year, Helbiz Inc. shares have dropped approximately -89.26%. Shares of the company reached a 52-week high of $6.4000 on 01/11/22 and a 52-week low of $0.4503 on 08/01/22. A 50-day SMA is recorded $0.7540, while a 200-day SMA reached $3.9048. Nevertheless, trading volume fell to 4.32 million shares from 1.54 million shares the previous day.
Support And Resistance Levels for Helbiz Inc. (HLBZ)
According to the 24-hour chart, there is a support level at 0.5479, which, if violated, would cause prices to drop to 0.5060. In the upper region, resistance lies at 0.6458. The next price resistance is at 0.7018. RSI (Relative Strength Index) is 44.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0080, which suggests the price will decrease in the coming days. Percent R is at 53.49%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Helbiz Inc. subject to short interest?
Stocks of Helbiz Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.11 million shares to 0.59 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 0.48 million shares. A jump of 18.4% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 0.35 of the overall float, the days-to-cover ratio (short ratio) jumped to 0.35.
Which companies own the most shares of Helbiz Inc. (HLBZ)?
According to Credit Suisse AG filings, the company currently owns 940,000 shares, which is about 3.56% of the total HLBZ shares outstanding. The investor’s shares have plunged by 0 from its previous 13-F filing of 940000.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $68,979. A total of 8,985 shares of Helbiz Inc. were bought by Geode Capital Management LLC during the quarter, and 41,281 by Aristides Capital LLC. In its current portfolio, SSgA Funds Management, Inc. holds 21,045 shares valued at $13679.0.
In terms of Helbiz Inc. share price expectations, FactSet research, analysts set an average price target of $13.00 in the next 12 months, up nearly 2066.67% from the previous closing price of $0.60. Analysts anticipate Helbiz Inc. stock to reach $13.00 by 2022, with the lowest price target being $13.00. In spite of this, 1 analysts ranked Helbiz Inc. stock as a Buy at the end of 2022.