Lordstown Motors Corp. (NASDAQ:RIDE) went up by 4.37% from its latest closing price compared to the recent 1-year high of $31.80. The company’s stock price has collected 3.20% of gains in the last five trading sessions. The Wall Street Journal reported on 09/01/21 that Electric Delivery-Truck Maker Workhorse Faces SEC Probe
Is It Worth Investing in Lordstown Motors Corp. (NASDAQ :RIDE) Right Now?
Opinions of the stock are interesting as 1 analysts out of 7 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 3 as “sell.”
The average price from analysts is $6.86, which is $0.41 above the current price. RIDE currently public float of 111.46M and currently shorts hold a 28.20% ratio of that float. Today, the average trading volume of RIDE was 11.56M shares.
RIDE’s Market Performance
RIDE stocks went up by 3.20% for the week, with a monthly jump of 12.37% and a quarterly performance of -30.35%, while its annual performance rate touched -73.87%. The volatility ratio for the week stands at 6.45% while the volatility levels for the past 30 days are set at 8.49% for Lordstown Motors Corp.. The simple moving average for the period of the last 20 days is 8.64% for RIDE stocks with a simple moving average of -54.40% for the last 200 days.
Analysts’ Opinion of RIDE
Many brokerage firms have already submitted their reports for RIDE stocks, with R. F. Lafferty repeating the rating for RIDE by listing it as a “Sell.” The predicted price for RIDE in the upcoming period, according to R. F. Lafferty is $3 based on the research report published on June 14th of the current year 2021.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see RIDE reach a price target of $5. The rating they have provided for RIDE stocks is “Underperform” according to the report published on June 09th, 2021.
Deutsche Bank gave a rating of “Hold” to RIDE, setting the target price at $8 in the report published on May 28th of the current year.
RIDE Trading at -6.35% 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 -79.72% of loss for the given period.
Volatility was left at 8.49%, however, over the last 30 days, the volatility rate increased by 6.45%, as shares surge +20.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -37.68% lower at present.
During the last 5 trading sessions, RIDE rose by +3.20%, which changed the moving average for the period of 200-days by -76.43% in comparison to the 20-day moving average, which settled at $5.99. In addition, Lordstown Motors Corp. saw -67.85% 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 -22.61, while invested capital returns managed to touch -27.37. Equity return is now at value -71.50, with -59.00 for asset returns.
Based on Lordstown Motors Corp. (RIDE), the company’s capital structure generated 0.16 points at debt to equity in total, while total debt to capital is 0.16. Total debt to assets is 0.13, with long-term debt to equity ratio resting at 0.16. Finally, the long-term debt to capital ratio is 0.16.
The liquidity ratio also appears to be rather interesting for investors as it stands at 19.21.