Home  »  Business   »  Wall Street Pummels Lordstown Motors Corp. (RIDE) ...

Wall Street Pummels Lordstown Motors Corp. (RIDE) After Recent Earnings Report

Lordstown Motors Corp. (NASDAQ:RIDE) went down by -6.86% from its latest closing price compared to the recent 1-year high of $8.93. The company’s stock price has collected -10.38% of loss in the last five trading sessions. The Wall Street Journal reported on 05/16/22 that Lordstown Motors’ Ability to Stay in Business Hinges on Raising Capital, Valuation, CFO Says

Is It Worth Investing in Lordstown Motors Corp. (NASDAQ :RIDE) Right Now?

Opinions of the stock are interesting as 0 analysts out of 3 who provided ratings for Lordstown Motors Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 1 as “sell.”

Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .


The average price from analysts is $1.50, which is $1.2 above the current price. RIDE currently public float of 166.64M and currently shorts hold a 23.68% ratio of that float. Today, the average trading volume of RIDE was 4.41M shares.

RIDE’s Market Performance

RIDE stocks went down by -10.38% for the week, with a monthly drop of -22.45% and a quarterly performance of 15.15%, while its annual performance rate touched -73.09%. The volatility ratio for the week stands at 8.08% while the volatility levels for the past 30 days are set at 7.19% for Lordstown Motors Corp. The simple moving average for the period of the last 20 days is -8.19% for RIDE stocks with a simple moving average of -26.60% 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 $1 based on the research report published on May 10th of the current year 2022.

R. F. Lafferty, on the other hand, stated in their research note that they expect to see RIDE reach a price target of $7, previously predicting the price at $3. The rating they have provided for RIDE stocks is “Hold” according to the report published on November 12th, 2021.

RIDE Trading at -14.07% 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 -78.72% of loss for the given period.

Volatility was left at 7.19%, however, over the last 30 days, the volatility rate increased by 8.08%, as shares sank -14.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.26% upper at present.

During the last 5 trading sessions, RIDE fell by -10.38%, which changed the moving average for the period of 200-days by -54.55% in comparison to the 20-day moving average, which settled at $2.05. In addition, Lordstown Motors Corp. saw -44.93% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at RIDE starting from Hightower Edward T., who purchase 10,000 shares at the price of $2.06 back on Aug 26. After this action, Hightower Edward T. now owns 10,000 shares of Lordstown Motors Corp., valued at $20,600 using the latest closing price.

Ritson-Parsons Jane, the EVP, CHIEF COMMERCIAL OFFICER of Lordstown Motors Corp., sale 36,193 shares at $1.61 during a trade that took place back on Jun 13, which means that Ritson-Parsons Jane is holding 80,474 shares at $58,271 based on the most recent closing price.

Stock Fundamentals for RIDE

Equity return is now at value -39.40, with -31.60 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.97.

Is Cadence Bank (CADE) a Keeper?

Cadence Bank (NYSE:CADE) went down by -0.52% from its latest closing price compared to the recent 1-year high of $34.24. The company’s stock price has