Lordstown Motors Corp. (NASDAQ: RIDE) kicked off on June 23, 2022, at the price of $1.73, up 13.77% from the previous trading day. During the day, the shares moved up to $1.90 and dropped to $1.68 before settling in for the closing price of $1.67. Over the past 52 weeks, RIDE has traded in a range of $1.49-$11.88.
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While this was happening, its average annual earnings per share was recorded -77.00%. With a float of $171.32 million, this company’s outstanding shares have now reached $196.50 million.
In an organization with 632 employees, it is important to assess its efficiency.
Lordstown Motors Corp. (RIDE) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Auto Manufacturers Industry. The insider ownership of Lordstown Motors Corp. is 17.70%, while institutional ownership is 28.80%. The most recent insider transaction that took place on Jun 13, was worth 58,271. In this transaction EVP, CHIEF COMMERCIAL OFFICER of this company sold 36,193 shares at a rate of $1.61, taking the stock ownership to the 80,474 shares. Before that another transaction happened on Mar 03, when Company’s CHIEF EXECUTIVE OFFICER bought 15,400 for $2.43, making the entire transaction worth $37,350. This insider now owns 20,000 shares in total.
Lordstown Motors Corp. (RIDE) Latest Financial update
In the latest quarterly report, which was put into the public domain on 3/30/2022, the organization reported -$0.46 earnings per share (EPS), higher than consensus estimate (set at -$0.46) by $0. This company achieved a return on equity of -70.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.45 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -77.00% per share during the next fiscal year.
Lordstown Motors Corp. (NASDAQ: RIDE) Trading Performance Indicators
Take a look at Lordstown Motors Corp.’s (RIDE) current performance indicators. Last quarter, stock had a quick ratio of 1.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.02, a number that is poised to hit -0.46 in the next quarter and is forecasted to reach -1.67 in one year’s time.
Technical Analysis of Lordstown Motors Corp. (RIDE)
Let’s dig in a bit further. During the last 5-days, its volume was 5.9 million. That was inferior than the volume of 7.67 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 58.07%. Additionally, its Average True Range was 0.19.
During the past 100 days, Lordstown Motors Corp.’s (RIDE) raw stochastic average was set at 18.00%, which indicates a significant decrease from 85.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 90.26% in the past 14 days, which was lower than the 120.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.0422, while its 200-day Moving Average is $3.6553. However, in the short run, Lordstown Motors Corp.’s stock first resistance to watch stands at $1.9733. Second resistance stands at $2.0467. The third major resistance level sits at $2.1933. If the price goes on to break the first support level at $1.7533, it is likely to go to the next support level at $1.6067. The third support level lies at $1.5333 if the price breaches the second support level.
Lordstown Motors Corp. (NASDAQ: RIDE) Key Stats
The company with the Market Capitalisation of 360.77 million has total of 197,399K Shares Outstanding. Its annual sales at the moment are 0 K in contrast with the sum of -410,370 K annual income. Company’s last quarter sales were recorded 0 K and last quarter income was -89,630 K.