General Motor’s (GM, $39.12) brand-new high tech Ariv electric bicycles are ready for pre-orders
Following a crowd-sourcing campaign, American automaker giant General Motors has finalized the brand name for its newly produced electric bicycles: Ariv. These are also now ready for pre-orders through www.BikeExchange.com in select countries in Europe. Shipping will begin in the second quarter of this year. The plan to launch electric bicycles was announced by the company in November of last year.
The bikes will be launched in Germany, Belgium, and the Netherlands, where lithium-ion battery-powered e-bikes are popular. They will be categorized into two models—the Meld, a compact e-bike, and the Merge, a folding e-bike. The motors will enable speeds up to 25 km/h (15.5 mph) with four levels of pedal-assisted power. Riders will need to charge their battery approximately once every 3.5 hours enabling 64km (40 miles) of ride time on a single charge. In Belgium and the Netherlands, the Ariv Meld starts at under $3,200, and the Ariv Merge is around $3,800, but prices will be slightly lower in Germany.
These prices are comparable with other sophisticated e-bikes like VanWoof. Customers should note that with amenities like batteries, Bluetooth, high-tech software, app connection providing riding metrics such as speed, distance, remaining battery level, motor assist level, and distance travelled, it can be hard to find an e-bike at such a competitive price.
The e-bike is GM’s response to sliding vehicle sales indicating changing demand patterns. They are willing to appeal particularly to the transportation needs of the young and urban demographic that favors light electric-powered bikes and scooters than heavy cars.
This move is not unprecedented. BMW is making electric bikes and motorcycles, while Audi manufactures electric mountain bikes. Ford recently acquired e-scooter startup Spin. Even Harley-Davidson has disclosed a lightweight electric two-wheeler concept following a drop-in sales.
GM in upward trend: 10-day moving average broke above 50-day moving average on October 11, 2024
The 10-day moving average for GM crossed bullishly above the 50-day moving average on October 11, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 09, 2024. You may want to consider a long position or call options on GM as a result. In of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for GM just turned positive on October 09, 2024. Looking at past instances where GM's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
GM moved above its 50-day moving average on October 07, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GM advanced for three days, in of 330 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for GM moved out of overbought territory on October 25, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 36 similar instances where the indicator moved out of overbought territory. In of the 36 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 12 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
GM broke above its upper Bollinger Band on October 22, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. GM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock slightly better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.815) is normal, around the industry mean (6.019). P/E Ratio (6.202) is within average values for comparable stocks, (18.031). Projected Growth (PEG Ratio) (0.846) is also within normal values, averaging (5.553). GM has a moderately low Dividend Yield (0.009) as compared to the industry average of (0.043). P/S Ratio (0.362) is also within normal values, averaging (76.807).
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a manufacturer of cars, trucks and automobile parts
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