$GEGI Cheap Stocks To Buy Now
After reverse merging with Glīd, Genesis Electronics Group, Inc. (OTC: GEGI) is looking to snatch a section of the trucking market by developing an electric road to rail vehicle – Glīd units. With the company recently announcing a partnership with Bart Manufacturing to assist in the development and construction of Glīd units, GEGI has actively taken the first step to actualize its product. Given the potential of the company’s plan and the attention the stock has been gaining lately, GEGI stock could be on track to soar similar to its parabolic run last August. In light of this, GEGI might be one of the best cheap stocks to buy now.
GEGI Fundamentals
Glīd Acquisition
The acquisition of Glīd, LLC appears to be a wise choice for GEGI as it can revolutionize the transportation industry. Glīd’s Glīd units provide numerous advantages over conventional transportation vehicles ranging from automation to safety. Since GEGI has the potential to dominate the transportation industry through its Glīd units, it could be one of the most promising cheap stocks to buy now.
The Fluctuating Fuel Dilemma
2022 was a rocky year for fuel prices as crude oil spiked from $72 a barrel in January to $116 a barrel in July. Similarly, diesel rose from $3.6 in January to $5.8 in July. These fluctuations proved that fossil fuels are not a stable economic fuel source. It is for this reason that trucking and railroad companies may invest in Glīd units in order to stabilize expenses.
Safety
Glīd units are produced with safety in mind for its users and other passengers on the road. Glīders reduce traffic by removing semi-trailers from the road, for as of the route as possible, which in turn should reduce traffic complications.
EV
Now that GEGI is an EV stock its notoriety may increase with the rise of EV fever. That said, carbon reduction in the transportation industry is an issue that is barely tackled. Most EVs are centered around personal use as opposed to industrial transportation. In that regard, Glīders are a significant step towards reducing carbon emissions.
Automation
Each Glīder comes with cutting-edge software built that allows it to drive autonomously. That said, because Glīders only drive on private property, level 5 government regulations are not an issue.
Possible Government Backing
As is, the Biden administration is investing heavily in accelerating EV utilization through the Federal Sustainability Plan. GEGI provides the Biden administration with an effective solution toward revolutionizing the American transportation industry. By utilizing and supporting Glider production, the Biden administration stands to improve efficiency due to the road to rail feature, reduce carbon emissions, and improve road safety. Given this information, GEGI might be offered a government contract or government funding which would drastically improve GEGI’s prospects in this field.
First Step Toward Production
Recently, GEGI and Bart Manufacturing entered a manufacturing agreement. As a result of this agreement GEGI, and Bart developed a comprehensive plan that covers manufacturing costs, volume, and metrics. As things stand their first milestone is the completion of the 10 sets of beta units, which will be deployed in order to test reliability and durability. GEGI intends to use the data provided by the Beta program in order to further develop Glide units until its planned launch in 2029.
With that in mind, investors have been rallying around GEGI stock since announcing this deal – with the stock running by as much as 312% this month. This run resembles GEGI’s impressive run in August 2022 when the stock climbed 789% ahead of its reverse merger with Glīd. Given the stock’s growing popularity, GEGI could be one of the cheap stocks to buy now as it could further run over the coming weeks.
Trucking Market
Glīders could potentially change the way people see the transportation sector. As is, GEGI is likely to take a sizable chunk out of the trucking railroad industries due to the superiority of its vehicle. Its road to rail feature makes it more efficient, and since it is electronic, it reduces carbon emissions while avoiding fluctuations in fuel prices.
The transportation sector is massive, especially the railroad and trucking markets. The trucking market was estimated to be worth $732 billion and the railroad industry was estimated to be worth $295.80 billion in 2021. If GEGI is able to revolutionize these markets through its Glīders, it could be one of the cheap stocks to buy now ahead of its expected growth.
Technical Analysis
GEGI stock is in a neutral trend and is trading in a sideways channel between its support at $0.0007, and its resistance at $0.0023. Looking at the indicators, the stock is trading above the 200, 50, and 21 MAs. Meanwhile, the RSI is neutral at 59 and the MACD is approaching a bearish crossover.
As for the fundamentals, GEGI recently announced a partnership with Bart Manufacturing, which will help it develop its Glīders. Given the market potential of these Glīders, GEGI could potentially seize a sizable chunk of the transportation sector. With the stock gaining momentum recently, GEGI could be one of the best cheap stocks to buy now ahead of a potential continuation of its run.
GEGI Forecast
As things stand, GEGI is working on a product that could change the way the transportation sector operates. Given the features of its Glīders, GEGI could become a leader in the transportation market thanks to the significant benefits of its product. With the Biden administration investing heavily in accelerating EV utilization, GEGI could be set to receive government backing in the form of contracts or funding that could aid the company in its plans to mass produce Glīders. In light of this, GEGI might be one of the best cheap stocks to buy now.
GEGI Fundamentals
Glīd Acquisition
The acquisition of Glīd, LLC appears to be a wise choice for GEGI as it can revolutionize the transportation industry. Glīd’s Glīd units provide numerous advantages over conventional transportation vehicles ranging from automation to safety. Since GEGI has the potential to dominate the transportation industry through its Glīd units, it could be one of the most promising cheap stocks to buy now.
The Fluctuating Fuel Dilemma
2022 was a rocky year for fuel prices as crude oil spiked from $72 a barrel in January to $116 a barrel in July. Similarly, diesel rose from $3.6 in January to $5.8 in July. These fluctuations proved that fossil fuels are not a stable economic fuel source. It is for this reason that trucking and railroad companies may invest in Glīd units in order to stabilize expenses.
Safety
Glīd units are produced with safety in mind for its users and other passengers on the road. Glīders reduce traffic by removing semi-trailers from the road, for as of the route as possible, which in turn should reduce traffic complications.
EV
Now that GEGI is an EV stock its notoriety may increase with the rise of EV fever. That said, carbon reduction in the transportation industry is an issue that is barely tackled. Most EVs are centered around personal use as opposed to industrial transportation. In that regard, Glīders are a significant step towards reducing carbon emissions.
Automation
Each Glīder comes with cutting-edge software built that allows it to drive autonomously. That said, because Glīders only drive on private property, level 5 government regulations are not an issue.
Possible Government Backing
As is, the Biden administration is investing heavily in accelerating EV utilization through the Federal Sustainability Plan. GEGI provides the Biden administration with an effective solution toward revolutionizing the American transportation industry. By utilizing and supporting Glider production, the Biden administration stands to improve efficiency due to the road to rail feature, reduce carbon emissions, and improve road safety. Given this information, GEGI might be offered a government contract or government funding which would drastically improve GEGI’s prospects in this field.
First Step Toward Production
Recently, GEGI and Bart Manufacturing entered a manufacturing agreement. As a result of this agreement GEGI, and Bart developed a comprehensive plan that covers manufacturing costs, volume, and metrics. As things stand their first milestone is the completion of the 10 sets of beta units, which will be deployed in order to test reliability and durability. GEGI intends to use the data provided by the Beta program in order to further develop Glide units until its planned launch in 2029.
With that in mind, investors have been rallying around GEGI stock since announcing this deal – with the stock running by as much as 312% this month. This run resembles GEGI’s impressive run in August 2022 when the stock climbed 789% ahead of its reverse merger with Glīd. Given the stock’s growing popularity, GEGI could be one of the cheap stocks to buy now as it could further run over the coming weeks.
Trucking Market
Glīders could potentially change the way people see the transportation sector. As is, GEGI is likely to take a sizable chunk out of the trucking railroad industries due to the superiority of its vehicle. Its road to rail feature makes it more efficient, and since it is electronic, it reduces carbon emissions while avoiding fluctuations in fuel prices.
The transportation sector is massive, especially the railroad and trucking markets. The trucking market was estimated to be worth $732 billion and the railroad industry was estimated to be worth $295.80 billion in 2021. If GEGI is able to revolutionize these markets through its Glīders, it could be one of the cheap stocks to buy now ahead of its expected growth.
Technical Analysis
GEGI stock is in a neutral trend and is trading in a sideways channel between its support at $0.0007, and its resistance at $0.0023. Looking at the indicators, the stock is trading above the 200, 50, and 21 MAs. Meanwhile, the RSI is neutral at 59 and the MACD is approaching a bearish crossover.
As for the fundamentals, GEGI recently announced a partnership with Bart Manufacturing, which will help it develop its Glīders. Given the market potential of these Glīders, GEGI could potentially seize a sizable chunk of the transportation sector. With the stock gaining momentum recently, GEGI could be one of the best cheap stocks to buy now ahead of a potential continuation of its run.
GEGI Forecast
As things stand, GEGI is working on a product that could change the way the transportation sector operates. Given the features of its Glīders, GEGI could become a leader in the transportation market thanks to the significant benefits of its product. With the Biden administration investing heavily in accelerating EV utilization, GEGI could be set to receive government backing in the form of contracts or funding that could aid the company in its plans to mass produce Glīders. In light of this, GEGI might be one of the best cheap stocks to buy now.
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