Let’s start up with the current stock price of Lordstown Motors Corp. (RIDE), which is $26.75 to be very precise. The Stock rose vividly during the last session to $29.42 after opening rate of $27.97 while the lowest price it went was recorded $25.00 before closing at $25.44.
Recently in News on November 16, 2020, Lordstown Motors Releases Business Updates; Remains on Track to Begin Production of the Lordstown Endurance in September 2021. Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors”), a leader in electric light duty trucks focused on the commercial fleet market, today announced recent commercial, operational and strategic developments, as it remains on track to begin production of the Lordstown Endurance, the world’s first full-size, all-electric pickup truck, in September 2021. You can read further details here
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The 1-year high price for the company’s stock is recorded $31.80 on 09/22/20, with the lowest value was $9.50 for the same time period, recorded on 03/19/20.
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Lordstown Motors Corp. shares are logging -15.88% during the 52-week period from high price, and 181.58% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $9.50 and $31.80.
The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 2129980 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Lordstown Motors Corp. (RIDE) recorded performance in the market was 155.68%, having the revenues showcasing 90.70% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 3.91B.
The Analysts eye on Lordstown Motors Corp. (RIDE)
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 17.67, with a change in the price was noted +16.20. In a similar fashion, Lordstown Motors Corp. posted a movement of +155.19% for the period of last 100 days, recording 3,803,449 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for RIDE is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Technical rundown of Lordstown Motors Corp. (RIDE)
Raw Stochastic average of Lordstown Motors Corp. in the period of last 50 days is set at 72.85%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 81.91%. In the last 20 days, the company’s Stochastic %K was 81.23% and its Stochastic %D was recorded 85.79%.
Considering, the past performance of Lordstown Motors Corp., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 155.68%. The shares 52.34% in the 7-day charts and went up by 18.77% in the period of the last 30 days. Common stock shares were driven by 90.70% during last recorded quarter.