Why should you add Lordstown Motors Corp. (RIDE) to your portfolio? – Marketing Sentinel

Why should you add Lordstown Motors Corp. (RIDE) to your portfolio?

Lordstown Motors Corp. (NASDAQ:RIDE) has a beta value of 0 and has seen 4,290,712 shares traded in the last trading session. The company, currently valued at $1.52 Billion, closed the last trade at $9.22 per share which meant it lost -$0.69 on the day or -6.96% during that session. The RIDE stock price is -244.9% off its 52-week high price of $31.8 and 0.33% above the 52-week low of $9.19. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.54 Million shares traded. The 3-month trading volume is 10.4 Million shares.

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

The consensus among analysts is that Lordstown Motors Corp. (RIDE) is a Hold stock at the moment, with a recommendation rating of 2.7. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 3 out of 5 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.28.

Lordstown Motors Corp. (NASDAQ:RIDE) trade information

Despite being -6.96% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the RIDE stock price touched $10.50- or saw a rise of 12.19%. Year-to-date, Lordstown Motors Corp. shares have moved -54.04%, while the 5-day performance has seen it change -9.78%. Over the past 30 days, the shares of Lordstown Motors Corp. (NASDAQ:RIDE) have changed -23.49%. Short interest in the company has seen 26.64 Million shares shorted with days to cover at 2.56.

Wall Street analysts have a consensus price target for the stock at $20.4, which means that the shares’ value could jump 121.26% from current levels. The projected low price target is $10 while the price target rests at a high of $40. In that case, then, we find that the current price level is +333.84% off the targeted high while a plunge would see the stock lose 8.46% from current levels.

Lordstown Motors Corp. (RIDE) estimates and forecasts

Earnings growth for 2021 is a modest -53.8%.

Lordstown Motors Corp. (NASDAQ:RIDE)’s Major holders

Insiders own 37.08% of the company shares, while shares held by institutions stand at 24.04% with a share float percentage of 38.2%. Investors are also buoyed by the number of investors in a company, with Lordstown Motors Corp. having a total of 147 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 10.43 Million shares worth more than $209.29 Million. As of December 30, 2020, FMR, LLC held 5.91% of shares outstanding.

The other major institutional holder is Vanguard Group Inc. (The), with the holding of over 8.23 Million shares as of December 30, 2020. The firm’s total holdings are worth over $165.1 Million and represent 4.66% of shares outstanding.


5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored



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

Also the top two Mutual Funds that are holding company’s shares are Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Vanguard Total Stock Market Index Fund. As of March 30, 2021, the former fund manager holds about 1.83% shares in the company for having 3233785 shares of worth $38.06 Million while later fund manager owns 2.79 Million shares of worth $55.92 Million as of December 30, 2020, which makes it owner of about 1.58% of company’s outstanding stock.

Get The Best Stocks To Trade Every Day!

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

Leave a Comment

Your email address will not be published. Required fields are marked *

On Key

Related Posts

Get The Best Stocks To Trade Every Day!

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

We do not sell or share your information with anyone.

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Important Earnings

Insider Watchlist

We do not sell or share your information with anyone.