Lordstown Motors Corp. (NASDAQ: RIDE) started the day on March 16, 2023, with a price increase of 3.67% at $0.77. During the day, the stock rose to $0.775 and sunk to $0.705 before settling in for the price of $0.74 at the close. Taking a more long-term approach, RIDE posted a 52-week range of $0.71-$3.79.
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Nevertheless, stock’s Earnings Per Share (EPS) this year is 40.40%. This publicly-traded company’s shares outstanding now amounts to $225.29 million, simultaneously with a float of $179.19 million. The organization now has a market capitalization sitting at $186.08 million. At the time of writing, stock’s 50-day Moving Average stood at $1.1383, while the 200-day Moving Average is $1.6520.
Lordstown Motors Corp. (RIDE) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Auto Manufacturers Industry. Lordstown Motors Corp.’s current insider ownership accounts for 12.40%, in contrast to 28.10% institutional ownership. According to the most recent insider trade that took place on Jan 06, this organization’s 10% Owner sold 5,000,000 shares at the rate of 0.87, making the entire transaction reach 4,350,000 in total value, affecting insider ownership by 21,683,745. Preceding that transaction, on Nov 15, Company’s 10% Owner sold 1,169,000 for 1.78, making the whole transaction’s value amount to 2,080,820. This particular insider is now the holder of 26,683,745 in total.
Lordstown Motors Corp. (RIDE) Earnings and Revenue Records
In the latest quarterly report released, which was put into the public domain on 9/29/2022, the organization reported -$0.73 earnings per share (EPS) for the three months, lower than the consensus estimate (set at -$0.31) by -$0.42. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.32 per share during the current fiscal year.
Lordstown Motors Corp.’s EPS increase for this current 12-month fiscal period is 40.40% and is forecasted to reach -1.41 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 3.50. The Stock has managed to achieve an average true range (ATR) of 0.09. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 930.41.
In the same vein, RIDE’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -1.32, a figure that is expected to reach -0.23 in the next quarter, and analysts are predicting that it will be -1.41 at the market close of one year from today.
Technical Analysis of Lordstown Motors Corp. (RIDE)
If we take a close look at the recent performances of Lordstown Motors Corp. (NASDAQ: RIDE), its last 5-days Average volume was 5.66 million that shows progress from its year to date volume of 4.71 million. During the previous 9 days, stock’s Stochastic %D was recorded 9.70% While, its Average True Range was 0.0817.
Raw Stochastic average of Lordstown Motors Corp. (RIDE) in the period of the previous 100 days is set at 3.92%, which indicates a major fall in contrast to 15.20% 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 80.00% that was lower than 84.19% volatility it exhibited in the past 100-days period.