Free Trial

Lotus Technology (NASDAQ:LOT) Trading Down 1.9% - Here's What Happened

Lotus Technology logo with Auto/Tires/Trucks background

Key Points

  • Lotus Technology shares saw a decrease of 1.9%, trading as low as $1.93 and closing at $2.04, with trading volume exceeding the average by 144%.
  • The company reported a loss of ($0.28) earnings per share with revenues of $92.82 million for the last quarter.
  • Institutional investors own 63.4% of Lotus Technology, with significant stakes increased by various hedge funds recently.
  • Want stock alerts on Lotus Technology? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Lotus Technology Inc. Sponsored ADR (NASDAQ:LOT - Get Free Report)'s share price dropped 1.9% on Thursday . The company traded as low as $1.93 and last traded at $2.04. Approximately 195,880 shares changed hands during mid-day trading, an increase of 144% from the average daily volume of 80,300 shares. The stock had previously closed at $2.08.

Lotus Technology Price Performance

The business's 50-day moving average is $2.18 and its two-hundred day moving average is $2.03. The firm has a market cap of $1.39 billion, a P/E ratio of -1.33 and a beta of 0.44.

Lotus Technology (NASDAQ:LOT - Get Free Report) last issued its earnings results on Wednesday, June 25th. The company reported ($0.28) EPS for the quarter. The firm had revenue of $92.82 million during the quarter.

Institutional Trading of Lotus Technology

Institutional investors have recently added to or reduced their stakes in the company. Townsquare Capital LLC acquired a new position in Lotus Technology in the 4th quarter valued at $236,000. Mariner LLC acquired a new position in Lotus Technology in the 4th quarter valued at $1,426,000. Marshall Wace LLP acquired a new position in shares of Lotus Technology in the 4th quarter valued at approximately $63,000. Jane Street Group LLC acquired a new position in shares of Lotus Technology in the 4th quarter valued at approximately $37,000. Finally, Bank of America Corp DE raised its position 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 buying an additional 4,848 shares in the last quarter. 63.40% of the stock is currently owned by institutional investors.

About Lotus Technology

(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.

Featured Stories

Should You Invest $1,000 in Lotus Technology Right Now?

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

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

$15 Billion for Cybersecurity: The Government’s Next Big Push
Tesla’s Future Unleashed: Elon’s Robotics Move Changes Everything
Top Trades: Massive Gains and Costly Mistakes to Avoid

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines