Lordstown Motors Corp. (NASDAQ: RIDE) open the trading on December 14, 2021, with a bit cautious approach as it glided -2.44% to $4.00. During the day, the stock rose to $4.22 and sunk to $3.98 before settling in for the price of $4.10 at the close. Taking a more long-term approach, RIDE posted a 52-week range of $3.58-$31.57.
Nevertheless, stock’s Earnings Per Share (EPS) this year is -114.40%. This publicly-traded company’s shares outstanding now amounts to $178.76 million, simultaneously with a float of $129.92 million. The organization now has a market capitalization sitting at $778.16 million. At the time of writing, stock’s 50-day Moving Average stood at $5.02, while the 200-day Moving Average is $8.29.
Lordstown Motors Corp. (RIDE) Ownership Facts and Figures
Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Auto Manufacturers industry. Lordstown Motors Corp.’s current insider ownership accounts for 15.30%, in contrast to 26.90% institutional ownership. According to the most recent insider trade that took place on Nov 12, this organization’s 10% Owner sold 3,204,000 shares at the rate of 5.88, making the entire transaction reach 18,839,520 in total value, affecting insider ownership by 29,241,192. Preceding that transaction, on Feb 04, Company’s Chief Financial Officer sold 9,300 for 27.00, making the whole transaction’s value amount to 251,100. This particular insider is now the holder of 34,080 in total.
Lordstown Motors Corp. (RIDE) Earnings and Revenue Records
So, what does the last quarter earnings report of the company that was made public on 6/29/2021 suggests? It has posted -$0.61 earnings per share (EPS) not meeting the forecaster’s viewpoint (set at -$0.49) by -$0.12. This company achieved a return on equity of -27.40. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.7 per share during the current fiscal year.
Lordstown Motors Corp.’s EPS decrease for this current 12-month fiscal period is -114.40% and is forecasted to reach -1.71 in the upcoming year.
Lordstown Motors Corp. (NASDAQ: RIDE) Trading Performance Indicators
Let’s observe the current performance indicators for Lordstown Motors Corp. (RIDE). It’s Quick Ratio in the last reported quarter now stands at 2.90. The Stock has managed to achieve an average true range (ATR) of 0.41.
In the same vein, RIDE’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -2.50, a figure that is expected to reach -0.73 in the next quarter, and analysts are predicting that it will be -1.71 at the market close of one year from today.
Technical Analysis of Lordstown Motors Corp. (RIDE)
[Lordstown Motors Corp., RIDE] recent stats showed that its last 5-days Average volume was poorer than the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 45.37% While, its Average True Range was 0.36.
Raw Stochastic average of Lordstown Motors Corp. (RIDE) in the period of the previous 100 days is set at 7.85%, which indicates a major fall in contrast to 30.22% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 63.40% that was lower than 95.58% volatility it exhibited in the past 100-days period.