What are the best mountain bike stocks to watch? Biking has become quite a favorite activity in the last couple of months, especially during the corona pandemic. The virus, which struck the world in 2019, has had us by our limitations. However, few activities have been going on in full and right motion in the pandemic including mountain biking. Due to an increase in 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.
Are There Any Bicycle Stocks?
Mountain biking is a sport that people love. I’ve been told it’s quite exhilarating to go speeding down the side of a mountain on a bike. 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’re going to fall off the mountain at any second. I’m not riding but it makes my heart race just 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 hoping you know when to get out.
If you have good training, then you know that you’re on a good path. 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/or invest in.
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 in the company’s stock today.
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 few important reasons for this. One is that the corona 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 52Week 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.
Mountain Bike Stocks: Fox Factory Holding Corp. (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, which is a significant and marginal increase.
Fox Factory Holding Corp. has a significant market cap of $6.883 billion. It has a day’s range of $157-$165 and a 52-week range of $70-$167. These are appreciative numbers.
At the moment, Fox is designing, engineering, and manufacturing the world’s best mountain bikes. They have some of the most market-defying products, with systems that pretty much go unmatched.
Furthermore, they offer different kinds of bicycles which include side-by-side vehicles, on-road vehicles, specialty vehicles, 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 inconsistent and high momentum.
On May 6, Fox Factory Holding Corp. (NASDAQ: FOXF) posted earnings of $1.05 in the 1st quarter of 2021, which beat estimate earnings by $0.23. Furthermore, revenue over this period was about $281, which was higher by $53 on a year-to-year basis.
Fox Factory has been a very good contender in mountain bike stocks. The company produces both off-road and on-road bicycles and their products are almost, always high quality. Fox achieved high growth during Covid-19 shutdowns. What worked to their advantage was the fact that they were able to flex production capacity to meet high demand from OEMs which led to higher revenues and profits. With expectations of the same trends going on in the markets till 2022, FOXF is expected to perform well in the coming year as well. This is why FOXF makes a very good and sound investment in mountain bike stocks this year.
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 quite obviously 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 and 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 as well, 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 as well. Giant Group’s products are attractive and more of a one-time investment.
Other than the aforementioned mountain bike stocks to invest in 2021, there are other options as well. However, Deckers, Fox, and Giant Group are the most recommended.
What Bike Company Is Publicly Traded?
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.
Mountain Bike Stocks Final Thoughts
If you’re an investor looking to invest in mountain bikes, you must. Moreover, if you want to go for mountain bike stocks, you should. This is because with covid-19 concerns looming in the coming years as well, 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 further term as well. Once you invest in these stocks and give them some time, you will definitely make profits on your investments.
The last piece of advice for mountain bike stock investors is that if you want to invest in mountain bikes, you must consider a few characteristics of mountain bikes before you invest. You should go for companies that manufacture bikes that exhibit strength, sturdiness, longevity, and the amount of time they can be used for, without wear and tear. You should also consider the market opinion about these bikes before you invest.
While there are a few good mountain bike stocks to invest in today, the above-mentioned companies 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 span of time.