Lordstown Motors Corp. [RIDE] Is Currently -3.63 below its 200 Period Moving Avg: What Does This Mean?

Related

Lordstown Motors Corp. [NASDAQ: RIDE] loss -3.63% on the last trading session, reaching $3.45 price per share at the time. The company report on December 21, 2021 that Lordstown Motors Appoints Melissa Leonard as Executive Vice President, General Counsel & Secretary.

Lordstown Motors Corp. (“Lordstown Motors” or “LMC”) (Nasdaq: RIDE) announced today that its Board of Directors has elected Melissa Leonard as Executive Vice President, effective January 1, 2022. Ms. Leonard will replace Tom Canepa, LMC’s current General Counsel & Secretary, who is leaving to pursue other opportunities.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored


Ms. Leonard was co-leader of the Mergers and Acquisitions team for Baker & Hostetler LLP, where she has served as outside counsel to the Company since 2019. Ms. Leonard has been a corporate and transactional attorney at Baker & Hostetler LLP since 1995 and has extensive legal experience with mergers and acquisitions, financings and corporate governance matters. Ms. Leonard was a member of the Board of Trustees of the Museum of Contemporary Art (MOCA), Cleveland, Ohio from 2007 – 2021 and served on the Finance and Governance Committees. Ms. Leonard earned her Bachelor of Science from Miami University and her Juris Doctor from the University of Michigan School of Law.

Lordstown Motors Corp. represents 178.76 million in outstanding shares, while the company has a total market value of $639.08 million with the latest information. RIDE stock price has been found in the range of $3.425 to $3.71.

If compared to the average trading volume of 9.32M shares, RIDE reached a trading volume of 6435668 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Lordstown Motors Corp. [RIDE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RIDE shares is $4.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RIDE stock is a recommendation set at 3.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

R. F. Lafferty have made an estimate for Lordstown Motors Corp. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 12, 2021. The new note on the price target was released on November 12, 2021, representing the official price target for Lordstown Motors Corp. stock. Previously, the target price had yet another drop from $8 to $2, while Morgan Stanley kept a Underweight rating on RIDE stock.

The Average True Range (ATR) for Lordstown Motors Corp. is set at 0.31 The Price to Book ratio for the last quarter was 1.16, with the Price to Cash per share for the same quarter was set at 1.26.

Trading performance analysis for RIDE stock

Lordstown Motors Corp. [RIDE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.26. With this latest performance, RIDE shares dropped by -17.46% in over the last four-week period, additionally sinking by -62.62% over the last 6 months – not to mention a drop of -82.80% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RIDE stock in for the last two-week period is set at 32.59, with the RSI for the last a single of trading hit 28.77, and the three-weeks RSI is set at 35.51 for Lordstown Motors Corp. [RIDE]. The present Moving Average for the last 50 days of trading for this stock 4.73, while it was recorded at 3.67 for the last single week of trading, and 7.54 for the last 200 days.

Lordstown Motors Corp. [RIDE]: A deeper dive into fundamental analysis

Return on Total Capital for RIDE is now -22.61, given the latest momentum, and Return on Invested Capital for the company is -27.37. Return on Equity for this stock declined to -27.40, with Return on Assets sitting at -23.58. When it comes to the capital structure of this company, Lordstown Motors Corp. [RIDE] has a Total Debt to Total Equity ratio set at 0.16. Additionally, RIDE Total Debt to Total Capital is recorded at 0.16, with Total Debt to Total Assets ending up at 0.13. Long-Term Debt to Equity for the company is recorded at 0.16, with the Long-Term Debt to Total Capital now at 0.16.

Reflecting on the efficiency of the workforce at the company, Lordstown Motors Corp. [RIDE] managed to generate an average of -$387,656 per employee.Lordstown Motors Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.90 and a Current Ratio set at 2.90.

>> 7 Top Picks for the Post-Pandemic Economy <<

An analysis of insider ownership at Lordstown Motors Corp. [RIDE]

There are presently around $169 million, or 26.90% of RIDE stock, in the hands of institutional investors. The top three institutional holders of RIDE stocks are: VANGUARD GROUP INC with ownership of 9,788,848, which is approximately -2.828% of the company’s market cap and around 15.20% of the total institutional ownership; BLACKROCK INC., holding 7,485,877 shares of the stock with an approximate value of $25.83 million in RIDE stocks shares; and INVESCO LTD., currently with $15.02 million in RIDE stock with ownership of nearly 18.712% of the company’s market capitalization.

Positions in Lordstown Motors Corp. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 75 institutional holders increased their position in Lordstown Motors Corp. [NASDAQ:RIDE] by around 8,112,470 shares. Additionally, 70 investors decreased positions by around 10,170,444 shares, while 36 investors held positions by with 30,630,896 shares. The mentioned changes placed institutional holdings at 48,913,810 shares, according to the latest SEC report filing. RIDE stock had 24 new institutional investments in for a total of 1,471,018 shares, while 24 institutional investors sold positions of 1,731,236 shares during the same period.