Should I buy or sell Lordstown Motors stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lordstown Motors in the last year. There are currently 1 sell rating for the stock. The consensus among Wall Street analysts is that investors should "sell" RIDE shares. View RIDE analyst ratings or view top-rated stocks .

What is Lordstown Motors' stock price target for 2024?

1 brokerages have issued 1 year price objectives for Lordstown Motors' shares. Their RIDE share price targets range from $7.50 to $15.00. On average, they anticipate the company's stock price to reach $11.25 in the next year. View analysts price targets for RIDE or view top-rated stocks among Wall Street analysts .

How were Lordstown Motors' earnings last quarter?

Lordstown Motors Corp. (NASDAQ:RIDE) released its quarterly earnings data on Monday, March, 6th. The company reported ($6.75) earnings per share for the quarter, missing the consensus estimate of ($3.90) by $2.85. The firm had revenue of $0.19 million for the quarter, compared to the consensus estimate of $1.25 million. Lordstown Motors's revenue was up 19300.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($6.30) EPS.

When did Lordstown Motors' stock split?

Lordstown Motors shares reverse split on Wednesday, May 24th 2023. The 1-15 reverse split was announced on Wednesday, May 24th 2023. The number of shares owned by shareholders was adjusted after the market closes on Wednesday, May 24th 2023. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.

Who are Lordstown Motors' major shareholders?

Lordstown Motors' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Cutler Group LLC CA (0.00%) and Concourse Financial Group Securities Inc. (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 .

Lordstown Motors Stock Price, News & Analysis (NASDAQ:RIDE)

Notice: This company has been marked as potentially delisted and may not be actively trading.

Compare

Today's Range: N/A
50-Day Range: $1.98
▼
$55.95
52-Week Range: N/A

Volume: 1.38 million shs
Average Volume: 1.13 million shs
Market Capitalization: $35.07 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $11.25

Stock Analysis Analyst Forecasts Earnings Headlines Insider Trades Ownership Short Interest Social Media

Lordstown Motors MarketRank™ Stock Analysis

Analyst Rating: Sell
1.00 Rating Score
Upside/Downside: ∞ Upside
$11.25 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($28.49) to ($19.49) Per Share

Overall MarketRank^™

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

1.16 out of 5 stars

Auto/Tires/Trucks Sector

71st out of 75 stocks

Motor Vehicles & Car Bodies Industry

28th out of 28 stocks

2.5

Analyst's Opinion

Consensus Rating
Lordstown Motors has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $11.25, Lordstown Motors has a forecasted upside of ∞ from its current price of $0.00.
Amount of Analyst Coverage
Lordstown Motors has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for RIDE.

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.

0.6

News and Social Media Coverage

Search Interest
3 people have searched for RIDE on MarketBeat in the last 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Lordstown Motors insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.44% of the stock of Lordstown Motors is held by insiders.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Lordstown Motors are expected to grow in the coming year, from ($28.49) to ($19.49) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Lordstown Motors is -0.11, 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 -0.11, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

About Lordstown Motors Stock (NASDAQ:RIDE)

Lordstown Motors Corp. develops, manufactures, and sells Endurance, an electric full-size pickup truck for fleet customers in the United States. Lordstown Motors Corp. was incorporated in 2018 and is based in Lordstown, Ohio.

RIDE Stock News Headlines

November 3, 2023 | detroitnews.com

UAW-GM deal gives former Lordstown workers opportunity to go home, work at battery JV

October 31, 2023 | bizjournals.com

Lordstown Motors gets green light to begin voting on bankruptcy plan

December 5, 2023 | Edge On The Street (Ad)

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According to McKinsey and Company, the battery storage market is growing rapidly, especially with the transition to clean, renewable energy. Lithium-ion batteries still grab most of the headlines. But analysts now call safe and long-lasting batteries made with vanadium "the future of battery tech."

October 25, 2023 | investing.com

Lordstown Motors Endurance test vehicle catches fire

October 18, 2023 | ca.investing.com

Ex-CEO gains approval to purchase Lordstown Motors assets for $10M

October 11, 2023 | msn.com

Bankrupt Lordstown Motors Founder Buys Remaining Company Assests

October 11, 2023 | msn.com

Bankrupt Lordstown Motors Founder Buys Remaining Company Assets

September 26, 2023 | benzinga.com

DEADLINE ALERT for RIDE/RIDEQ, BHC, SYNH, and ALDX: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

December 5, 2023 | Edge On The Street (Ad)

The Battery Metal Nobody Told You About

September 26, 2023 | markets.businessinsider.com

Lordstown Final Deadline Alert

September 24, 2023 | stockhouse.com

Lordstown 48 Hour Deadline Alert

September 22, 2023 | markets.businessinsider.com

Lordstown Ongoing Investor Deadline Alert

September 21, 2023 | benzinga.com

RIDE Investors Have Opportunity to Lead Lordstown Motors Corp. Securities Fraud Lawsuit

September 21, 2023 | msn.com

12 Electric Pickup Trucks You Need To Know About

August 28, 2023 | prnewswire.com

SHAREHOLDER ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of September 25, 2023 in the Class Action Filed on Behalf of Lordstown Motors Corp.(RIDEQ) Shareholders

August 27, 2023 | investing.com

Lordstown Motors Corp (RIDEQ)

August 17, 2023 | msn.com

Lordstown Motors Warns Of Shares Having Little Or No Value - Downgrading To Sell

August 16, 2023 | prnewswire.com

SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Lordstown Motors Corp. of a Class Action Lawsuit and a Lead Plaintiff Deadline of September 25, 2023 - (OTC Other: RIDEQ)

August 15, 2023 | au.investing.com

Lordstown reaches $40M settlement with Karma in 2020 lawsuit

August 9, 2023 | realmoney.thestreet.com

If You Owned These 2 EV Stocks, You Were Conned!

August 8, 2023 | finance.yahoo.com

Reaching The Finish Line Of The EV Race Is A Daunting Task, One That Some Won't Be Able To Accomplish

July 28, 2023 | investorplace.com

Dear Lordstown Motors (RIDEQ) Stock Fans, Mark Your Calendars for July 31

July 27, 2023 | businesswire.com

RIDE CLASS ACTION NOTICE: The Law Offices of Frank R. Cruz Files Securities Fraud Lawsuit Against Lordstown Motors Corp.

July 26, 2023 | benzinga.com

RIDE CLASS ACTION NOTICE: Kirby McInerney LLP Files Securities Fraud Lawsuit On Behalf of Investors in Lordstown Motors Corp.

July 20, 2023 | finance.yahoo.com

3 EV Start-Ups With Huge Insider Selling Pressure

July 12, 2023 | ca.news.yahoo.com

What's next for bankrupt Lordstown Motors and its electric truck? We drive it and wonder

July 11, 2023 | msn.com

2023 Lordstown Endurance Review: The first, last and only drive?

See More Headlines

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Company Calendar

Last Earnings: 3/06/2023
Today: 12/05/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

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: 260
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $11.25
High Stock Price Target: $15.00
Low Stock Price Target: $7.50
Consensus Rating: Sell
Rating Score (0-4): 1.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($19.7901)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-282,400,000.00
Net Margins: N/A
Pretax Margin: -95,167.09%
Return on Equity: -90.17%
Return on Assets: -73.25%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.26
Quick Ratio: 3.16

Sales & Book Value

Annual Sales: $190,000.00
Price / Sales: 0.00
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $22.07 per share
Price / Book: N/A

Miscellaneous

Outstanding Shares: 15,940,000
Free Float: 15,554,000
Market Cap: $35.07 million
Optionable: Optionable
Beta: 1.12

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Key Executives

Mr. Daniel A. Ninivaggi (Age 58)
Exec. Chairman
Comp: $1.23M
Mr. Edward T. Hightower (Age 57)
Pres, CEO & Director
Comp: $1.25M
Mr. Adam B. Kroll (Age 48)
Exec. VP, CFO & Principal Accounting Officer
Comp: $835.14k
Ms. Melissa A. Leonard (Age 53)
Chief Legal Officer, Exec. VP, Gen. Counsel & Sec.
Comp: $740.86k
Mr. Andrew Reyntjes (Age 31)
Sr. VP of Sales, Service & Marketing
Ms. Jill Coniglio-Kirk
VP of People & Culture
Dr. Donna L. Bell (Age 56)
Exec. VP of Product Creation, Engineering & Supply Chain
Mr. Michael Port
VP of Fin. & Controller

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RIDE Stock Analysis - Frequently Asked Questions

Should I buy or sell Lordstown Motors stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lordstown Motors in the last year. There are currently 1 sell rating for the stock. The consensus among Wall Street analysts is that investors should "sell" RIDE shares.
View RIDE analyst ratings or view top-rated stocks.
What is Lordstown Motors' stock price target for 2024?: 1 brokerages have issued 1 year price objectives for Lordstown Motors' shares. Their RIDE share price targets range from $7.50 to $15.00. On average, they anticipate the company's stock price to reach $11.25 in the next year.
View analysts price targets for RIDE or view top-rated stocks among Wall Street analysts.
How were Lordstown Motors' earnings last quarter?: Lordstown Motors Corp. (NASDAQ:RIDE) released its quarterly earnings data on Monday, March, 6th. The company reported ($6.75) earnings per share for the quarter, missing the consensus estimate of ($3.90) by $2.85. The firm had revenue of $0.19 million for the quarter, compared to the consensus estimate of $1.25 million. Lordstown Motors's revenue was up 19300.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($6.30) EPS.

When did Lordstown Motors' stock split?: Lordstown Motors shares reverse split on Wednesday, May 24th 2023. The 1-15 reverse split was announced on Wednesday, May 24th 2023. The number of shares owned by shareholders was adjusted after the market closes on Wednesday, May 24th 2023. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.
Who are Lordstown Motors' major shareholders?: Lordstown Motors' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Cutler Group LLC CA (0.00%) and Concourse Financial Group Securities Inc. (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.

This page (NASDAQ:RIDE) was last updated on 12/5/2023 by MarketBeat.com Staff

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Lordstown Motors Stock Price, News & Analysis (NASDAQ:RIDE)