Helbiz (HLBZ) Falls 42%: What Is Your Next Step?

The stock was trading at $11.53 on August 16, until it sharply fell to $7.55 on the next day. After the fall, the stock started to fluctuate at that level till August 18. After, it increased to $8.20 and still trading at that level with the small volatility. The market capitalization of the company is $235.354 million while the total volume consists of 85,816 shares.

Just recently, Helbiz reported it has entered the eSkootr Championship (eSC), the world’s first-ever worldwide electric bike racing arrangement. Helbiz will have three riders compete within the arrangement with a modern e-scooter show ‘eSkootr S1-X,’ particularly designed for the inner-city circuits by Ycom and Williams Advanced Engineering. 

The eSC will welcome a diverse bunch of competitors from all over the world to compete against each other on extraordinary two-wheeled racing scooters that can go up to 60 miles per hour. The event will also give participants a more noteworthy understanding of the quickly developing micro-mobility division. 

Agneta Johansen

Agneta is still enjoying her trips to Asia and Africa while she works at Own Snap as an author and reporter. Very soon she will settle somewhere in Europe and run her startup enterprise.