Lotus Technology (NASDAQ:LOT - Get Free Report) released its earnings results on Friday. The company reported ($0.20) EPS for the quarter, Zacks reports.
Lotus Technology Trading Down 2.3%
LOT stock opened at $2.12 on Friday. The stock has a 50-day moving average price of $2.16 and a two-hundred day moving average price of $1.98. Lotus Technology has a 12-month low of $1.06 and a 12-month high of $5.75. The company has a market cap of $1.44 billion, a PE ratio of -1.38 and a beta of 0.44.
Institutional Investors Weigh In On Lotus Technology
A number of institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new stake in Lotus Technology during the second quarter valued at about $34,000. Jane Street Group LLC grew its position in Lotus Technology by 64.1% during the first quarter. Jane Street Group LLC now owns 16,966 shares of the company's stock valued at $27,000 after acquiring an additional 6,629 shares during the period. Finally, Bank of America Corp DE grew its position in Lotus Technology by 178.8% during the fourth quarter. Bank of America Corp DE now owns 7,560 shares of the company's stock valued at $27,000 after acquiring an additional 4,848 shares during the period. Hedge funds and other institutional investors own 63.40% of the company's stock.
Lotus Technology Company Profile
(
Get Free Report)
Lotus Technology Inc engages in the design, development, and sale of battery electric lifestyle vehicles worldwide. It also distributes sports cars. The company sells its products under the Lotus brand. Lotus Technology Inc is based in Shanghai, China.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Lotus Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lotus Technology wasn't on the list.
While Lotus Technology currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
