Stocks were flat in early trading. Big tech names like Apple (APPL) and Netflix (NFLX) pulled back slightly as the 10-year Treasury Yield rose slightly higher.
Our trade alert for today highlights one company in a sector with a probable multi-year tailwind to fuel strong mid and long term growth.
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Ayro Inc. (AYRO) is an electric vehicle company with a differentiated product offering.
If the company’s light-duty work trucks and 3-wheeled delivery vehicles gain sales traction, the stock is positioned for multi-fold returns.
In terms of business development, the company has partnered with Karma Automotive for production of 20,000 light-duty trucks and electric delivery vehicles over the next three years. The company’s Austin manufacturing facility capacity expansion is also completed with production capacity increasing to 600 EVs per month.
Further, with a cash buffer of $36.5 million, the company seems well positioned to push for sales volumes growth in the next 12-24 months. The company has already partnered with Element Fleet Management (EFN.TO), which is among the largest pure-play automotive fleet manager. The partnership will help in large deployment of the company’s electric vehicles that are built for the delivery market. Considering these business developments, AYRO stock looks attractive among the stocks to buy.
In the last six months, AYRO stock has surged by 113%. However, the stock still trades at a market capitalization of $208 million.
Where to invest $1,000 right now...
Before you consider buying Ayro, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not Ayro.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.