Taking a Closer Look At Helbiz Inc. (HLBZ) Following Its Recent Trade


In a filing, Helbiz Inc. revealed its Chief Executive Officer Palella Salvatore acquired Company’s shares for reported $84500.0 on Jan 03. In the deal valued at $0.13 per share,650,000 shares were bought. As a result of this transaction, Palella Salvatore now holds 11,228,925 shares worth roughly $ 4.83 million.

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Then, Palella Salvatore bought 1,568,249 shares, generating $188,190 in total proceeds. Upon buying the shares at $0.12, the Chief Executive Officer now owns 11,147,174 shares.

Before that, Palella Salvatore bought 4,019,293 shares. Helbiz Inc. shares valued at $709,807 were divested by the Chief Executive Officer at a price of $0.18 per share. As a result of the transaction, Palella Salvatore now holds 9,578,925 shares, worth roughly $4.12 million.

Price Performance Review of HLBZ

On Monday, Helbiz Inc. [NASDAQ:HLBZ] saw its stock jump 109.13% to $0.43. On the same session, the stock had its day’s lowest price of $0.2362, but rose to a high of $0.48. Over the last five days, the stock has gained 195.22%. Helbiz Inc. shares have risen nearly 226.44% since the year began. Nevertheless, the stocks have fallen -90.82% over the past one year. While a 52-week high of $4.60 was reached on 01/23/23, a 52-week low of $0.11 was recorded on 01/19/23. SMA at 50 days reached $0.1796, while 200 days put it at $0.7079. A total of 671.98 million shares were traded, compared to the trading of 644.15 million shares in the previous session.

Levels Of Support And Resistance For HLBZ Stock

The 24-hour chart illustrates a support level at 0.2815, which if violated will result in even more drops to 0.1369. On the upside, there is a resistance level at 0.5253. A further resistance level may holdings at 0.6245. The Relative Strength Index (RSI) on the 14-day chart is 80.52, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0905, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.71%. Stochastics %K at 45.79% indicates the stock is a holding.

How much short interest is there in Helbiz Inc.?

A steep rise in short interest was recorded in Helbiz Inc. stocks on Oct 13, 2022, dropping by 76780.0 shares to a total of 0.45 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 0.53 million shares. There was a decline of -16.99%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.12% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.36.

Helbiz Inc. [HLBZ] – Who Are The Largest Shareholders?

In filings from Credit Suisse AG, it is revealed that the company now owns 1,918,282 shares, or roughly 2.43% of the outstanding HLBZ shares. In other words, the investor’s shares have risen by 978,282 from its previous 13-F filing of 940000.0. Additionally, The Vanguard Group, Inc. increased 363.86% of its stake after which the total value it holdings stand at $64,484. At present, Virtu Financial BD LLC is holding 58,675 shares valued at $7686.0. Geode Capital Management LLC owned 44,448 shares of the company at the time of its most recent 13F filing, worth $5823.0.

According to FactSet, Helbiz Inc.’s share price will average $13.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 6400.0 percent from its previous closing price of $0.20. Analysts expect Helbiz Inc. stock to reach the higher price of $13.00, while the lowest price estimate is $13.00. However, 1 analyst have rated HLBZ stock as a Buy in their predictions for 2023.


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