Lordstown Motors Corp. (NASDAQ:RIDE) went down by -6.96% from its latest closing price compared to the recent 1-year high of $31.80. The company’s stock price has collected -9.78% of loss in the last five trading sessions. Press Release reported 7 hours ago that Lordstown Deadline Alert
Is It Worth Investing in Lordstown Motors Corp. (NASDAQ :RIDE) Right Now?
Opinions of the stock are interesting as 1 analysts out of 5 who provided ratings for Lordstown Motors Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $20.40. RIDE currently public float of 99.48M and currently shorts hold a 26.78% ratio of that float. Today, the average trading volume of RIDE was 8.76M shares.
RIDE’s Market Performance
RIDE stocks went down by -9.78% for the week, with a monthly drop of -23.49% and a quarterly performance of -63.84%, while its annual performance rate touched -9.87%. The volatility ratio for the week stands at 5.32% while the volatility levels for the past 30 days are set at 7.45% for Lordstown Motors Corp.. The simple moving average for the period of the last 20 days is -12.49% for RIDE stocks with a simple moving average of -51.00% for the last 200 days.
Analysts’ Opinion of RIDE
Many brokerage firms have already submitted their reports for RIDE stocks, with Goldman repeating the rating for RIDE by listing it as a “Neutral.” The predicted price for RIDE in the upcoming period, according to Goldman is $10 based on the research report published on April 22nd of the current year 2021.
BofA Securities, on the other hand, stated in their research note that they expect to see RIDE reach a price target of $13. The rating they have provided for RIDE stocks is “Neutral” according to the report published on April 20th, 2021.
Morgan Stanley gave a rating of “Underweight” to RIDE, setting the target price at $18 in the report published on February 12th of the current year.
RIDE Trading at -33.82% from the 50-Day Moving Average
After a stumble in the market that brought RIDE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -71.01% of loss for the given period.
Volatility was left at 7.45%, however, over the last 30 days, the volatility rate increased by 5.32%, as shares sank -20.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -62.76% lower at present.
During the last 5 trading sessions, RIDE fell by -9.78%, which changed the moving average for the period of 200-days by -11.77% in comparison to the 20-day moving average, which settled at $10.42. In addition, Lordstown Motors Corp. saw -54.04% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at RIDE starting from Rodriguez Julio C., who sale 9,300 shares at the price of $27.00 back on Feb 04. After this action, Rodriguez Julio C. now owns 34,080 shares of Lordstown Motors Corp., valued at $251,100 using the latest closing price.
Post Darren, the Vice President of Engineering of Lordstown Motors Corp., sale 10,000 shares at $27.21 during a trade that took place back on Feb 04, which means that Post Darren is holding 0 shares at $272,100 based on the most recent closing price.
Stock Fundamentals for RIDE
The total capital return value is set at -20.34, while invested capital returns managed to touch -19.95.
Based on Lordstown Motors Corp. (RIDE), the company’s capital structure generated 0.14 points at debt to equity in total, while total debt to capital is 0.14. Total debt to assets is 0.13, with long-term debt to equity ratio resting at 0.14. Finally, the long-term debt to capital ratio is 0.14.
The liquidity ratio also appears to be rather interesting for investors as it stands at 19.21.