|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||4.1800 - 4.1800|
|52-week range||2.5100 - 4.1800|
|Beta (5Y monthly)||0.77|
|PE ratio (TTM)||12.19|
|Forward dividend & yield||0.14 (3.41%)|
|Ex-dividend date||22 Jul 2021|
|1y target est||N/A|
Now that struggling electric vehicle manufacturer Lordstown Motors (NASDAQ: RIDE) has sold most of its Lordstown factory in Ohio to Taiwanese electronics manufacturer Foxconn (OTC: FXCNF), the question arises whether Foxconn is a viable partner for the EV maker's strategy. Foxconn, after all, previously planned a $10 billion facility in Mount Pleasant, Wisconsin, in 2018. Investors may be wondering if the same thing will happen with the Lordstown Complex plant, but there are at least some indications the outcome will be more positive here.
Lordstown Motors' (NASDAQ: RIDE) trucks might still be months away from hitting the roads, but the once-hot electric vehicle stock has shifted into reverse again: Shares have slumped by 34.8% so far in October after rallying by 21.3% in September, according to data provided by S&P Global Market Intelligence. Lordstown Motors entered September on a strong note after the company announced the appointment of new CEO, Daniel Ninivaggi, in late August. Investors had high hopes that Ninivaggi would get things moving in the right direction again after Lordstown Motors' founder and chief financial officer left abruptly in June following an investigation into allegedly inflated preorder numbers for the Endurance pickup, and the company said it was running severely short of cash.
Shares of embattled electric truck start-up Lordstown Motors (NASDAQ: RIDE) opened sharply lower on Tuesday, after a prominent Wall Street analyst cut his bank's rating on the stock. As of 10 a.m. EDT, Lordstown's shares were down about 8.1% from Monday's closing price. In a note released after the U.S. markets closed on Monday, Morgan Stanley auto analyst Adam Jonas cut the bank's rating on Lordstown to underweight, from equal weight, and lowered its price target for the shares to $2 from $8.