Large Insider Buying, Tiny 8.7M Share Float, Acquisition News Out Today, Big leap in Revenues and a Very Hot Sector

Large Insider Buying, Tiny 8.7M Share Float, Acquisition News Out Today, Big leap in Revenues and a Very Hot Sector
Updated Coverage 10AM EDT

Helbiz (HLBZ) Signs Letter of Intent to Acquire Wheels, Accretive Acquisition Expected to Double Revenue. Look at the Resumes on Some of the Wheels Executives. Wheel’s Executives Held Previous Positions at Uber, Lyft, Tesla, Zipcar, Bird, Ford and More.

This acquisition is a huge catalyst for HLBZ.

Good day everyone,

Helbiz, Inc. (NASDAQ: HLBZ) offers a diverse fleet of vehicles including e-scooters, e-bicycles, and e-mopeds in the fast growing the micro-mobility services sector along with a media segment and food delivery.

Current price $.89/share (+7% as of 9:35 a.m. EDT 6-21-22)

After closing the past Friday’s session with an 18% gain to $.83/share, HLBZ opened today’s session strong on news of an accretive acquisition, jumping to $.92/share with over one million shares traded in the first few minutes.

In news that just broke this morning, and could be a major catalyst for HLBZ’s value, the company announced that they signed a letter of intent to acquire Wheels, a leading last-mile, shared electric mobility platform using proprietary vehicles with integrated helmet technology. The company’s mix of business includes shared mobility, a subscription business, and a B2B operation, partnering with businesses to provide their employees and patrons with a vehicle as a benefit.

The acquisition will give HLBZ immediate and broader access to the U.S. market.

Wheels has eight thousand vehicles deployed across major U.S. markets, including New York City, Honolulu, and Austin. Wheels is the only operator across the four permitted markets of metropolitan Los Angeles (L.A., Santa Monica, West Hollywood, and Culver City). In total, Wheels operates in twelve cities and four universities across the United States.

Wheels was founded in 2018 and is led by veterans of the micro-mobility and shared transportation industries including Zipcar, Bird, and Uber. “Our businesses are complementary in really powerful ways,” said Marco McCottry, CEO of Wheels. McCottry was formerly Midwest operations manager at Uber and led North American operations at Bird.

About Wheels
Wheels is a last mile, shared electric mobility platform whose seated form factor changes the landscape in dockless mobility. In addition to being seated, Wheels devices have a low center of gravity and 14-inch wheels to help navigate uneven pavement surfaces. Wheels has launched a first-of-its-kind integrated helmet system that can give riders physical access to a shareable helmet with every ride they take. Because of its unique design, Wheels devices have a broad appeal, with half of its riders being women and one-third being over 35. Wheels is headquartered in West Hollywood, California.

Stay tuned for a full report on this exciting catalyst for HLBZ.

The Traders News Team

original report below


Revenues are Rising Fast at Helbiz (HLBZ) in a Hot Sector with a 17% CAGR and the CEO Just Spent Over $2M Buying up Helbiz Stock

Gas prices are setting the micro-mobility market on fire.

Good morning and welcome to all of our new trading group members,

Gas prices are just one factor boosting the micro mobility market and Helbiz, Inc. (NASDAQ: HLBZ) is a leader offering a diverse fleet of vehicles including e-scooters, e-bicycles, and e-mopeds in the fast growing micro-mobility services sector. Helbiz operates a fast growing media segment and food delivery / ghost kitchen service as well.

Current price $.83/share as of the close on 06/17/22

HLBZ looks ready to pop as the company keeps adding elements to its different operating segments and growing revenues. HLBZ derives half its revenues from the micro-mobility market and the other half from its media subscriptions. Coming soon may be notable revenues from its ghost kitchen/food delivery segment.

There’s a lot to like at HBLZ

FYE is 12-31, MRQ is 3-31-22
Outstanding shares 19.8M
Shares in float 8.7M
Insider ownership 81.1%
Revenues (ttm) $15.1M
Q122 revenues up 266% over Q121
FYE2021 revenue up 290% over FYE2020
Market cap $28.3M (P/S is only 1.80X)

On June 6th, the company announced that CEO Salvatore Palella purchased 2,044,676 common shares from a seller at $.99/share bringing the executive’s total holdings in the company to 4,544,676 common shares. Mr. Palella commented “This purchase today is a personal commitment from me on the future of the company and our continued success.”

Recent developments / potential catalysts:

Approximately 3,000 leased e-Scooters delivered on March 1, expanding fleet in service.

Expanding operations into Miami Dade County, Belgrade Serbia, Charlotte N.C.

Partnership with Google Maps.

Added Major League Baseball (MLB) on the Helbiz Live platform.

Agreement with Amazon Prime to offer Helbiz Live Platform.

HLBZ operates three revenue streams and sells subscriptions to their apps giving customers access to their products:

Mobility – Operating globally in 40 cities. HLBZ has thousands of e-scooters, e-bicycles, and e-mopeds parked all over these cities. Quite simply, clients locate the nearest transport they need on the app, go to it, and scan the QR code to unlock it and then go. The app also ensures you are properly parked when finished. In addition to all vehicles being electric, every component of a HLBZ transport device is recyclable.

Kitchen – HLBZ delivers food and is currently developing their Helbiz Kitchen segment already operating in Milan. Using the ghost kitchen concept allows customers to mix cuisines in a single order with a quick delivery using an environmentally friendly transport.

Helbiz Media – is a live sports and entertainment platform focused primarily on live coverage of Series B Soccer. The service, available by subscription, is available on mobile, tablet, on the web, or on smart TV and covers twenty clubs with over 390 matches as well as playoffs.

Recently the company signed an OTT service agreement to broadcast MLB games in Italy for the next three seasons. A recent agreement with Amazon will allow for a subscription to Helbiz Live to be purchased through Amazon Prime. That’s big- time exposure!

According to Precedence research, the Micro-mobility Market was estimated at $48.1B in 2021 and is expected to grow to $198B by 2030 indicating a CAGR of 17%. The research cites factors such as fuel prices, road congestion, and limited parking in cities as factors for an elevated level of growth in the sector.

The chart set up indicated below looks primed for continued gains after the 18% swing in last Friday’s session. The low RSI (14) of 38.15 indicates to me this stock is oversold. Trading volumes in the month of June have been higher than the preceding five months this year indicating significant investor interest.

We have a lot more to cover with Helbiz, keep an eye out for an updated report coming soon.

The Traders News Team

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