Lotus Technology (NASDAQ:LOT) Stock Price Down 5.8% - Should You Sell?

Key Points

• Shares down 5.8%: Lotus Technology (NASDAQ:LOT) fell 5.8% to about $1.36 on Tuesday with volume of 40,479 shares, roughly 70% below its average session volume.
• Analyst sentiment weak and fundamentals soft: MarketBeat's consensus rating is a "Sell" (Weiss Ratings reiterated "sell (e+)"), the stock has a negative P/E (-1.07) and a market cap near $904M, with the 50‑day MA ($1.15) below the 200‑day MA ($1.41).
• Quarterly results beat estimates: Lotus reported EPS of -$0.14 versus -$0.16 expected and revenue of $163.3M versus $153.9M expected, and institutional investors hold about 63.4% of the shares.

Lotus Technology Inc. Sponsored ADR (NASDAQ:LOT - Get Free Report)'s share price fell 5.8% during trading on Tuesday . The company traded as low as $1.38 and last traded at $1.3560. 40,479 shares were traded during trading, a decline of 70% from the average session volume of 134,209 shares. The stock had previously closed at $1.44.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of Lotus Technology in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Sell".

Lotus Technology Stock Down 7.4%

The business's 50-day moving average is $1.15 and its two-hundred day moving average is $1.41. The stock has a market capitalization of $904.10 million, a PE ratio of -1.07 and a beta of 0.39.

Lotus Technology (NASDAQ:LOT - Get Free Report) last released its quarterly earnings results on Friday, April 10th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.16) by $0.02. The firm had revenue of $163.34 million for the quarter, compared to analysts' expectations of $153.86 million.

Hedge Funds Weigh In On Lotus Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in LOT. Bank of America Corp DE grew its stake in shares of Lotus Technology by 178.8% in the 4th quarter. Bank of America Corp DE now owns 7,560 shares of the company's stock valued at $27,000 after purchasing an additional 4,848 shares during the last quarter. XTX Topco Ltd purchased a new position in Lotus Technology in the 2nd quarter valued at $34,000. Finally, Jane Street Group LLC grew its position in Lotus Technology by 64.1% in the 1st quarter. Jane Street Group LLC now owns 16,966 shares of the company's stock valued at $27,000 after buying an additional 6,629 shares during the last quarter. Hedge funds and other institutional investors own 63.40% of the company's stock.

Lotus Technology Company Profile

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.

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