What are the best mountain bike stocks to watch? Biking has become a favorite activity in the last few months, especially during the coronavirus pandemic. The virus struck the world in 2019 and has had us by our limitations. However, few activities, including mountain biking, have been going in full and right motion during the pandemic.
Due to increased biking activities in the last two years, the demand for mountain bikes has increased. If you’re an investor looking to invest, here are the top 3 mountain bike stocks to watch.
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Mountain biking is a sport that people love. I’ve been told it’s exhilarating to speed up a mountain on a bike. It sounds a little scary if you ask me. Have you been on Facebook and seen those videos of people mountain biking on these tiny trails that are only as wide as the tire?
Down they race with only a tiny path, and it looks like they will fall off the mountain at any second. I’m not riding, but it makes my heart race to watch it. That sounds a lot like trading, am I right? The heart palpitations as you watch your stock, hoping the direction you’re going continues. And I hope you know when to get out. You know you’re on a good path if you have good training. And much like the mountain biker, you’re confident in where you’re headed.
So, while mountain biking isn’t for me, trading is because I know what I’m doing. And I can be relaxed. Now, investing in mountain bike stocks is more my style. And I’m in luck on that front. There are bicycle stocks that I can trade and invest in. Also, check out Segway options.
1. Deckers Outdoor Corp (NYSE: DECK)
Priced at $405, Deckers Outdoor Corp stock increase has been consistent in a year. The stock was valued close to $206 a year ago, and the rise in a year has been exceptional. This gives one good and possible reason to invest today in the company’s stock. Moreover, Deckers has a strong market cap. It holds a market cap of $11.22 billion and a day’s range of $400-$411.
Furthermore, the company has a 52-week range of $193-$411. These are strong, legitimizing numbers. DECK stock has had a remarkable performance in the last year. Future estimates suggest something similar for the company’s stock. There are a few important reasons for this. One is that the coronavirus pandemic might be looming for another year or so. Due to this, people will still be resorting to biking and other activities due to limitations on outdoor activities.
Biking and, thereby, bikes will be in high demand. DECK is trading at the 95% high of its 52-week high-low range, which is why it is a good reason to pick up its stock today. DECK, therefore, makes a good overall choice in mountain bike stocks to invest in in 2021.
2. Fox Factory Hldg. (NASDAQ: FOXF)
Fox Factory Holding Corp. stock is one to consider. In the last year, the company’s stock rose greatly. Starting at $90 a year ago, the company stock is priced at $164 today, a significant and marginal increase. Fox Factory Holding Corp. has a significant market cap of $6.883 billion. It has a day range of $157-$165 and a 52-week range of $70-$167. These are appreciative numbers. Fox is designing, engineering, and manufacturing the world’s best mountain bikes. They have some of the most market-defying products, with unmatched systems.
Furthermore, they offer different kinds of bicycles, including side-by-side, on-road, specialty, and much more, increasing their market position and size. Moreover, certain products of the company are designed for global competition and network, which keeps their stock going inconsistently and at a high momentum. On May 6, Fox Factory Holding Corp. (NASDAQ: FOXF) posted earnings of $1.05 in the 1st quarter of 2021, which beat estimated earnings by $0.23. Furthermore, revenue over this period was about $281, higher by $53 yearly.
Fox Factory has been a very good contender in mountain bike stocks. The company produces off-road and on-road bicycles, and their products are almost always high quality. Fox achieved high growth during the Covid-19 shutdowns. What worked to their advantage was that they could flex production capacity to meet high demand from OEMs, which led to higher revenues and profits. With expectations of the same market trends till 2022, FOXF is also expected to perform well in the coming year. This is why FOXF made a very good and sound investment in mountain bike stocks this year.
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3. Giant Group Ltd. (OTCM: GGLT)
Giant Group Ltd. stock is priced at $400. The company stock was valued at $260 a year ago and has risen significantly in a year. This is a very good and strong indication of why you should invest in the company’s stock today. Giant makes exceptional bikes. Their bikes are well known for their sturdiness and strength. They don’t wear nor do they tear.
Moreover, Giant holds a market cap of $6.133 million and a 52-week range of 46-400. Both are significant numbers. Giant has always been a market runner in mountain bikes. Their bikes are produced in a capacity that favors more than many or more. Giant has been doing well at the exchange despite high competition. With a consistent rise in its stock worth in a year, there is reason to believe in the company in the future. Giant Group’s products are attractive and more of a one-time investment.
Other than the mountain bike stocks to invest in, there are other options. However, Deckers, Fox, and Giant Group are the most recommended.
Final Thoughts: Mountain Bike Stocks
If you’re an investor looking to invest in mountain bikes, you must. This is because, with COVID-19 concerns looming in the coming years, the rise in activities such as mountain biking will continue. This, in turn, will lead to a rise in demand for mountain bikes, giving mountain bike stocks a good push in the future. Once you invest in these stocks and give them some time, you will profit from them.
The last advice for mountain bike stock investors is that if you want to invest in mountain bikes, you must consider a few characteristics before investing. It would be best to go for companies that manufacture bikes that exhibit strength, sturdiness, longevity, and how long they can be used without wear and tear. Considering the market opinion about these bikes before investing would be best.
While there are a few good mountain bike stocks today, the companies mentioned above and their stocks are recommended options. You can invest in them and probably and preferably make the most out of your investment in a short time.
Frequently Asked Questions
If you’re looking for publicly traded bike companies, look no further than Harley Davidson. $HOG might not be a mountain bike per se, but you can still ride it through the mountains. And it’s an extremely popular company. Unless you’re a motorcycle enthusiast, it’s probably the only company you know. Or the first one that comes to mind.
