NASDAQ:RIDE

Lordstown Motors - RIDE Stock Forecast, Price & News

$1.82

+0.02 (+1.11%)

(As of 09/27/2022 12:00 AM ET)

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Today's Range: $1.78
▼
$1.90
50-Day Range: $1.77
▼
$2.98
52-Week Range: $1.49
▼
$8.93

Volume: 2.68 million shs
Average Volume: 6.43 million shs
Market Capitalization: $374.69 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.58

Lordstown Motors MarketRank™ Forecast

Analyst Rating: Reduce
1.20 Rating Score
Upside/Downside: 26.4% Upside
$2.30 Price Target
Short Interest: Bearish
23.91% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.25
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
$20,600 Bought Last Quarter
Proj. Earnings Growth: Decreasing
From ($0.75) to ($1.15) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.56 out of 5 stars

Auto/Tires/Trucks Sector

97th out of 109 stocks

Motor Vehicles & Car Bodies Industry

30th out of 35 stocks

2.6

Analyst's Opinion

Consensus Rating
Lordstown Motors has received a consensus rating of Sell. The company's average rating score is 1.20, and is based on no buy ratings, 1 hold rating, and 4 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $2.30, Lordstown Motors has a forecasted upside of 26.4% from its current price of $1.82.
Amount of Analyst Coverage
Lordstown Motors has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
23.91% of the float of Lordstown Motors has been sold short.
Short Interest Ratio / Days to Cover
Lordstown Motors has a short interest ratio ("days to cover") of 9.5.
Change versus previous month
Short interest in Lordstown Motors has recently increased by 1.44%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Lordstown Motors does not currently pay a dividend.
Dividend Growth
Lordstown Motors does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RIDE.

2.4

News and Social Media Coverage

News Sentiment
Lordstown Motors has a news sentiment score of 1.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.42 average news sentiment score of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Lordstown Motors this week, compared to 4 articles on an average week.
Search Interest
Only 44 people have searched for RIDE on MarketBeat in the last 30 days. This is a decrease of -35% compared to the previous 30 days.
MarketBeat Follows
Only 8 people have added Lordstown Motors to their MarketBeat watchlist in the last 30 days. This is a decrease of -79% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Lordstown Motors insiders have bought more of their company's stock than they have sold. Specifically, they have bought $20,600.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 2.67% of the stock of Lordstown Motors is held by insiders.
Percentage Held by Institutions
Only 30.42% of the stock of Lordstown Motors is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Lordstown Motors are expected to decrease in the coming year, from ($0.75) to ($1.15) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Lordstown Motors is -1.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lordstown Motors is -1.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Lordstown Motors has a P/B Ratio of 0.66. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Lordstown Motors (NASDAQ:RIDE) Stock

Lordstown Motors Corp. develops, manufactures, and sells Endurance, an electric full-size pickup truck for fleet customers. The company was founded in 2019 and is based in Lordstown, Ohio.

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RIDE Stock News Headlines

September 16, 2022 | investing.com

Lordstown’s Endurance EV Pickup Reaches Truck of the Year Semifinals

September 1, 2022 | nasdaq.com

6.9%of this Lordstown Motors Corp. (NASDAQ:RIDE) insider's holdings were sold in the last year

September 1, 2022 | finance.yahoo.com

Why Shares of Bloom Energy, Plug Power, and Lordstown Motors Are Rising Today

August 22, 2022 | finance.yahoo.com

Why Lordstown Motors, Nikola, and QuantumScape Plummeted Today

August 22, 2022 | bizjournals.com

Autonomous electric tractor to be made in Lordstown could transform farming globally (Video)

August 20, 2022 | bizjournals.com

Foxconn introduces autonomous electric tractor at Lordstown plant (Video)

August 18, 2022 | finance.yahoo.com

Foxconn introduces autonomous electric tractor at Lordstown plant

August 12, 2022 | marketwatch.com

Lordstown Motors Corp RIDE Trading Signals

August 10, 2022 | finance.yahoo.com

Why QuantumScape, Nikola, and Lordstown Stocks Jumped Today

August 10, 2022 | finance.yahoo.com

iPhone Maker Foxconn Profit Beats, Easing Supply-Chain Fears

August 9, 2022 | investing.com

Lordstown Motors Foxconn to Build Autonomous Electric Tractors at Ohio Facility

August 5, 2022 | finance.yahoo.com

Why Lordstown Motors Stock Surged 32% This Week

August 4, 2022 | seekingalpha.com

Lordstown Motors Corp. (RIDE) CEO Edward Hightower on Q2 2022 Results Earnings Call Transcript

August 4, 2022 | bizjournals.com

Lordstown Motors looking for more capital to scale up Endurance production

August 4, 2022 | msn.com

EV firms Lordstown Motors, Nikola stick to production targets

August 4, 2022 | markets.businessinsider.com

Lordstown Motors Q2 Rundown: Books Profit On Asset Sales, Provides Timeline For Endurance, Exploring Partnerships With OEMs

August 4, 2022 | investorplace.com

Why Is Lordstown Motors (RIDE) Stock Up Today?

August 4, 2022 | investing.com

Lordstown Soars on Surprise Q2 Beat on One-Time Gain and Better Outlook

August 4, 2022 | baystreet.ca

Lordstown in Gear on Starting Production

August 4, 2022 | msn.com

Lordstown Motors expects limited production and deliveries of electric pickup in 2022

August 4, 2022 | seekingalpha.com

Lordstown Motors gains after saying it will look for OEM partners to help it scale

August 4, 2022 | finance.yahoo.com

Lordstown Motor shares up 4.8% premarket after posting small Q2 profit and affirming on track with Endurance electric pick-up truck

July 29, 2022 | markets.businessinsider.com

My No. 1 Electric Vehicle Pick for 2022

July 29, 2022 | finance.yahoo.com

Why Nikola, Lordstown, and Blink Charging Stocks Dropped Today

July 28, 2022 | seekingalpha.com

Lordstown Motors: Getting In Before The Surge

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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RIDE Company Calendar

Last Earnings: 8/04/2022
Today: 9/27/2022
Next Earnings (Estimated): 11/10/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Motor vehicles & car bodies
Sub-Industry: N/A
Sector: Auto/Tires/Trucks
Current Symbol: NASDAQ:RIDE
CUSIP: N/A
CIK: 1759546
Web: lordstownmotors.com
Phone: 234-285-4001
Fax: N/A
Employees: 632
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $2.30
High Stock Price Forecast: $4.00
Low Stock Price Forecast: $1.50
Forecasted Upside/Downside: +96.9%
Consensus Rating: Reduce
Rating Score (0-4): 1.20
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.10)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-410,370,000.00
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: -59.09%
Return on Assets: -47.39%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 4.65
Quick Ratio: 4.58

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.75 per share
Price / Book: 0.66

Miscellaneous

Outstanding Shares: 205,872,000
Free Float: 200,375,000
Market Cap: $374.69 million
Optionable: Optionable
Beta: 1.23

Key Executives

Mr. Daniel A. Ninivaggi (Age 57)
Exec. Chairman
Comp: $831.33k

Mr. Adam B. Kroll (Age 47)
Exec. VP, CFO & Principal Accounting Officer
Comp: $371.98k

Mr. Chuan D. Vo
VP of Propulsion

Mr. Edward T. Hightower (Age 56)
Pres, CEO & Director

Mr. Shea Burns
Sr. VP of Operations

Mr. Carter William Driscoll C.F.A. (Age 50)
VP of Corp. Devel., Capital Markets & Investor Relations

Ms. Melissa A. Leonard (Age 52)
Exec. VP, Gen. Counsel & Sec.

Mr. Andrew Reyntjes (Age 30)
Sr. VP of Sales, Service & Marketing

Ms. Jill Coniglio-Kirk
VP of People & Culture

Dr. Donna Bell
Exec. VP of Product Creation, Engineering & Supply Chain

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RIDE Stock - Frequently Asked Questions

Should I buy or sell Lordstown Motors stock right now?: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lordstown Motors in the last year. There are currently 4 sell ratings and 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" RIDE shares.
View RIDE analyst ratings or view top-rated stocks.
What is Lordstown Motors' stock price forecast for 2022?: 5 equities research analysts have issued 1 year price targets for Lordstown Motors' shares. Their RIDE share price forecasts range from $1.50 to $4.00. On average, they predict the company's share price to reach $2.30 in the next year. This suggests a possible upside of 26.4% from the stock's current price.
View analysts price targets for RIDE or view top-rated stocks among Wall Street analysts.
How have RIDE shares performed in 2022?: Lordstown Motors' stock was trading at $3.45 at the beginning of the year. Since then, RIDE shares have decreased by 47.2% and is now trading at $1.82.
View the best growth stocks for 2022 here.
When is Lordstown Motors' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 10th 2022.
View our RIDE earnings forecast.
How were Lordstown Motors' earnings last quarter?: Lordstown Motors Corp. (NASDAQ:RIDE) issued its quarterly earnings data on Thursday, August, 4th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.47) by $0.28.

What is Lordstown Motors' stock symbol?: Lordstown Motors trades on the NASDAQ under the ticker symbol "RIDE."
Who are Lordstown Motors' major shareholders?: Lordstown Motors' stock is owned by many different retail and institutional investors. Top institutional investors include State Street Corp (2.15%), Millennium Management LLC (1.95%), Renaissance Technologies LLC (0.83%), Northern Trust Corp (0.69%), SG Americas Securities LLC (0.69%) and Sculptor Capital LP (0.00%). Insiders that own company stock include Chuan D Vo, Daniel A Ninivaggi, Darren Post, Edward T Hightower, Jane Ritson-Parsons, Julio C Rodriguez, Phil Richard Schmidt, Shane Brown and Stephen S Burns.
View institutional ownership trends.
How do I buy shares of Lordstown Motors?: Shares of RIDE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Lordstown Motors' stock price today?: One share of RIDE stock can currently be purchased for approximately $1.82.
How much money does Lordstown Motors make?: Lordstown Motors (NASDAQ:RIDE) has a market capitalization of $374.69 million. The company earns $-410,370,000.00 in net income (profit) each year or ($1.10) on an earnings per share basis.
How many employees does Lordstown Motors have?: The company employs 632 workers across the globe.
How can I contact Lordstown Motors?: Lordstown Motors' mailing address is 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH, 44481. The official website for the company is lordstownmotors.com. The company can be reached via phone at 234-285-4001 or via email at lordstownir@icrinc.com.

This page (NASDAQ:RIDE) was last updated on 9/28/2022 by MarketBeat.com Staff

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Lordstown Motors - RIDE Stock Forecast, Price & News

Lordstown Motors MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows