 Welcome, in this video we're going to go through whether you should buy or sell iRO stock, this is another electric vehicle company, this is an interesting company and you know what, I actually I really like this company from what I've looked at it, now it has been taking a bit of a beating on the stock market recently, I mean it went up exponentially and now it's trying kind of dropping exponentially, so it's slightly volatile at the minute, it's trying to find it kind of what the overall kind of finding, it's finding its feet on the stock market I would say in where it wants to settle that, it was previously slightly like three or four and then it went up to like I think it's like nine, ten, eleven or something, something like that and now it's coming down slightly, but we'll go through in this video the long-term potential but also the mid-term potential as well, what we're going to go through is some research on the company, why it's potentially kind of stands out as an electric vehicle company and it's kind of going under looked in the longer term side of things and we're going to look at some other information about iRO and we'll go into this, now I've actually done some swing trades on this company, I bought it when it was like three or three or four and then it got to you know to its historic highs and then I sold some, so I made, I took profit, I held some still, I sold some then held some and then it's you know kind of dropped a little bit but I will go through it in this video and we'll go through all the information, I respect your time so I'll get right into it okay, so who are they, so they are a Texas based, they're you know a Texas based iRO designs and delivers compact emissions free electric fleet solutions for use within urban and short haul markets, capable of accommodating a broad range of commercial and consumer requirements, iRO vehicles are the emerging leaders of safe affordable efficient and sustainable logistical transport, iRO is founded in 2017 by entrepreneurs, investors and executives with a passion to create a sustainable urban electric vehicle solution with campus management, last mile delivery, urban commuting and closed campus transport, so right off the bat there it seems that you know they've got a good team of of individuals that are involved in this company but also they're very differentiated in terms of what they're trying to do, they're trying to meet different needs of consumers with electric vehicles, so you've got your electric vehicles which brilliant brilliant stuff, brilliant stuff but they're more focused on you know obviously the consumer side of things in terms of you know just your customer kind of business to consumer side, whereas this is focused on vehicles that are best for like college campuses, vehicles that are good for delivery drivers, so they're focused on specific needs for these areas and these are growing needs that customers have like for example delivery drivers you know they want to reduce their operating costs on their vehicle, a great way to do that is to go electric but they need an affordable solution to that and they've got a car designed for particularly you know delivery drivers that is going to reduce operating costs and that's going to help restaurants out there or you know food places out in terms of reducing costs as well, so and the takeaway market is set to grow as well and there's research out there that'll say that you know takeaway market is always gradually increasing so if that's the case then you know in terms of takeout market then there's got the you know if you can get a purpose built vehicle that's best for them into reducing operating costs there's a potential big market there, okay but that's about IRO as well so just to go into this in a bit more detail, so it's a purpose built and that's interesting so ultimately they're working back from the consumer's needs what are the needs of an individual whether it you know is someone on the college campus or someone as a delivery driver they're looking at what are people's needs and then working back from that to create a vehicle rather than creating an electric vehicle and then trying to find the needs of whatever customers so they're doing it the right way around by looking at what the consumers want first and then working back into producing something that does that there, so it's purpose built versatile and all electric vehicles by the way I've got to say I'm not a financial advisor or anything like that I'm a business teacher in my day-to-day life in my daily life but I'm not by no means an expert on the stock market I'm just giving you my research my views giving you another perspective so if you do and sort of enjoy these videos or you know find them not even not massively helpful they might not be because I'm sure you're well informed and know about all sorts of stocks as well but if they help you out in any sort of way all I ask is I'm not selling any courses or anything like that all I ask is a like on the video and to subscribe to the channel so let's go back into this area designs and manufacturers compact purpose built automotive grade electric vehicles our best invest versatile sustainable vehicles are used as part of a fleet on university and corporate camp campuses and for commercial and urban delivery delivery in terms of delivery drivers but but also many other applications as well so it's very specific here this isn't in terms of business to consumer this is kind of veering towards more business to business kind of a vehicle that which is a massive industry so so the industry is here that they're looking to try and get involved with to with their purpose built electric vehicles one of them's education so go anywhere on and around the campus with our versatile line of utility transport and street legal vehicles reduce your cost of ownership and carbon footprint so so yeah so um you've got to think in terms of the economic climate that we're in it's not fantastic so any way that we can reduce costs and and with these purpose built electric vehicles that's going to play into that in terms of the education sector there as well and you've got corporate campuses as well in terms of reducing maintenance costs because there's less maintenance costs with the electric vehicle compared to other maintenance costs for it for a for a different type of truck they've got hotels and resorts and ultimately you've got to think in the travel industry is going to be booming in six to nine months as you know as the vaccines come out and as we start to recover so the hotel and resort resorts section is going to be a booming industry and there could be a huge potential market for some of these sorts of vehicles for certain activities so it says here satisfy guests and staff with our versatile utility maintenance and custom hospitality vehicles flexible bed options let you cover most tasks in your properties then you've got government in terms of boosting performance and the really big one here is the food beverage and retail sector in terms of as i've said on the go delivery of food so that's a potential huge sector there now so just to look at the car here this is one of them so use cases it can be used for parcel meal delivery cargo delivery parking enforcement personal use food delivery and public service so in terms of using it in a government set kind of sector for public service and public safety as well um so this is one of the cars here is it going to skip past i can't skip that so if you want to rewind the video a little bit so i'll look at the car at the vehicle so it's compact electric and versatile designed for your work dear equipped to handle your needs and it can be a part of your or smart your smart fleet so they've got a gps locator and a management system with with this car which is which is very useful and so there's a lot of benefits to this to the vehicles um there and if you want to look into more of the vehicles on the website as well just to go through a little bit on the balance here i don't want to go through this too much because you can look at look at this in detail yourself if you're interested in the stop obviously in the cash in terms of december to september their cash in assets has increased um so some positives here so there's a variety of models that are available in terms of the electric vehicle loads of different ones to choose from the electric vehicles as we've mentioned have a variety of uses you know and the more uses that they have the higher the potential target market there's a lot of diversification so it's trying to get involved in a lot of different sectors where they can sell the cars uh it's a us-based designer and manufacturer okay which is is a positive there especially at the moment um and then it as i say it's differentiated in terms of it's trying to meet the needs of majoratively business to business at the moment rather than just focus on business to consumer okay so there's a lot of positives but there is some negatives okay and i do want to be you know honest with some of the negatives here so the impact on stock the stock price due to other ev companies reducing in stock so this has a knock on impacts on this stock and it is gone down by quite a decent chunk recently because of this kind of knock on impact because of other ev stocks going down in the sector this one has had an impact whether you think that's rightfully should be happen or whether it shouldn't happen uh but the fact is it has happened um and then you've got high levels of r and d so naturally with an electric vehicle company particularly with this one we're trying to create purpose built vehicles for takeaway drivers for for campus for for all those areas as we mentioned there is a lot of research and development costs involved with that um so there's a lot of initial capital that's needed there and the need to raise the capital so whether they do um you know direct offerings or whatever it is they they need to raise the capital um so but it's not necessarily negative because obviously you do want them to put money into research and development so that they develop these fantastic vehicles however you know there is a lot of initial costs there so so that's why I kind of he's kind of a bit of both if you like and there's a lot of volatility in the industry the stock is trying to find its feet in terms of where it wants to kind of sit at in terms of the level uh the stock price level so you got to bear that in mind you really want to avoid buying this stock at the peak okay that's that that's why I would say you need to monitor the stock regularly to kind of assess where you think it's it's heading we all don't have a crystal ball we don't know do we but we can only so it's currently sitting around 661 and as you can see it's had a massive dip just even a day here and it used to be sitting on it from the six months area but we used to you know and you look at the other area it used to be sitting on about two three four and its highs were like around eight to twelve eight nine ten eleven-ish so um ultimately you just need to assess the stock because it's very volatile think of when you want an entry point if you're thinking of looking at investing in this but I think um volatility obviously in the short term but I think in the long term this stock's got a lot of the potential to reach much higher levels than what it's currently at um just because of what they're trying to offer as a company uh you know the background of the company um the strategy the diversification all of these aspects you know there is a long term potential for this stock um you just got to obviously monitor it and try to find an entry point that you feel comfortable with maybe try and see if it drops to around four and maybe enter then and see um you know we don't all have a crystal ball um I know I think if it drops to around four I'm gonna enter again four four thirty something like that if it drops there again but I'm I'll probably hold for a longer term uh here um as as well so thanks for watching the video don't forget to subscribe to the channel if you're new to the video to the channel and um I'll post more stock market videos with you know this sort of research on this and as I say not a financial advisor I'm a business teacher but I'm not an expert in the stock market um but thanks for watching give the video thumbs up it really helps out um as a small channel to really try and get up in the YouTube algorithm and hopefully I'll see everybody in the next video