In today’s recent session, 2,146,409 shares of the Lordstown Motors Corp.(NASDAQ:RIDE) have been traded, and its beta is 0. Most recently the company’s share price was $23.58, and it changed around -$1.18 or -0.05% from the last close, which brings the market valuation of the company to $3.9 Billion. RIDE at last check was trading at a discount to its 52-week high of $31.8, offering almost -34.86% off that amount. The share price’s 52-week low was $9.5, which indicates that the recent value has risen by an impressive 59.71% since then. We note from Lordstown Motors Corp.’s average daily trading volume that its 10-day average is 8.29 Million shares, with the 3-month average coming to 9.62 Million.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Lordstown Motors Corp. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.4. If we narrow it down even further, the data shows that 1 out of 5 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 1 recommended RIDE as a Hold, whereas 3 deemed it a Buy, and no one rated it as Underweight. Lordstown Motors Corp. is expected to report earnings per share of -$0.1 for the current quarter.

Lordstown Motors Corp. (NASDAQ:RIDE): Trading Information Today

Although RIDE has been showing red trend so far today with a performance of -4.77% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $27.40 on Tuesday, Feb 16 increased the stock’s daily price by 12.15%. The company’s shares are currently up 0.2% year-to-date, but still down -0.1055 over the last five days. On the other hand, Lordstown Motors Corp. (NASDAQ:RIDE) is 0.02% up in the 30-day period. We can see from the shorts that 5.22 Million shares have been sold at a short interest cover period of 0.54 day(s).

The consensus price target as assigned by Wall Street analysts is $32.2, which translates to bears needing to increase their stock price by 36.56% from its current value. Analyst projections state that RIDE is forecast to be at a low of $18 and a high of $50. In order for the stock price to hit the forecast high, the stock would need to surge +112.04% from its current level, while the stock would need to crash -23.66% from its current level to reach the projected low.

Lordstown Motors Corp. (RIDE) projections and forecasts

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. Lordstown Motors Corp. earnings are expected to decrease by 0% in 2021, but the outlook is negative 0% per year for the next five years.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

LEAVE A REPLY

Please enter your comment!
Please enter your name here