Lordstown Motors Corp. (RIDE) is priced at $27.11 after the most recent trading session. At the very opening of the session, the stock price was $22.43 and reached a high price of $28.70, prior to closing the session it reached the value of $21.98. The stock touched a low price of $21.75.
Recently in News on January 11, 2021, Lordstown Motors Surpasses 100,000 Pre-Orders for the Lordstown Endurance, First Full-Size, All-Electric Pickup Truck for Fleets. Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors”), an emerging OEM producing electric light duty trucks focused on the commercial fleet market, has received more than 100,000 non-binding production reservations from commercial fleets for its Lordstown Endurance™ all-electric pickup truck, with an average order size of nearly 600 vehicles per fleet. You can read further details here
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Lordstown Motors Corp. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $28.70 on 01/11/21, with the lowest value was $19.25 for the same time period, recorded on 01/04/21.
Lordstown Motors Corp. (RIDE) full year performance was 178.91%
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 -14.75% during the 52-week period from high price, and 185.37% 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 40487627 for the day, which was evidently higher, 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 35.14%, having the revenues showcasing 16.85% 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 4.74B.
Analysts verdict on Lordstown Motors Corp. (RIDE)
During the last month, 0 analysts gave the Lordstown Motors Corp. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 21.18, with a change in the price was noted +13.37. In a similar fashion, Lordstown Motors Corp. posted a movement of +97.31% for the period of last 100 days, recording 6,599,043 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.
Lordstown Motors Corp. (RIDE): Technical Analysis
Raw Stochastic average of Lordstown Motors Corp. in the period of last 50 days is set at 79.72%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 84.84%. In the last 20 days, the company’s Stochastic %K was 78.23% and its Stochastic %D was recorded 69.59%.
Let’s take a glance in the erstwhile performances 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 35.14%. Additionally, trading for the stock in the period of the last six months notably improved by 160.67%, alongside a boost of 178.91% for the period of the last 12 months. The shares increased approximately by 33.02% in the 7-day charts and went down by 41.20% in the period of the last 30 days. Common stock shares were driven by 16.85% during last recorded quarter.