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: price rose above 50-day moving average on June 02, 2023
GM moved above its 50-day moving average on June 02, 2023 date and that indicates a change from a downward trend to an upward trend. In of 35 similar past instances, the stock price increased further within 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 May 26, 2023. You may want to consider a long position or call options on GM as a result. In of 76 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 May 17, 2023. Looking at past instances where GM's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GM advanced for three days, in of 311 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
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 June 02, 2023. 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 Aroon Indicator for GM entered a downward trend on May 25, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. GM’s price grows at a lower rate over the last 12 months as compared to 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 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly 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 (0.679) is normal, around the industry mean (9.720). P/E Ratio (5.274) is within average values for comparable stocks, (96.234). Projected Growth (PEG Ratio) (1.385) is also within normal values, averaging (5.911). GM has a moderately low Dividend Yield (0.010) as compared to the industry average of (0.040). P/S Ratio (0.305) is also within normal values, averaging (74.415).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. GM’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.
Notable companies
Industry description
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High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of cars, trucks and automobile parts
Industry MotorVehicles
GM and
Correlation & Price change
A.I.dvisor indicates that over the last year, GM has been closely correlated with F. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if GM jumps, then F could also see price increases.
