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Electric Vehicle Stock Drops 4.62% Monday; What Do Analysts Think The Future Is For Lordstown Motors Corp (RIDE)? – InvestorsObserver

Lordstown Motors Corp is losing momentum Monday, decreasing 4.62%. InvestorsObserver is giving Lordstown Motors Corp (RIDE) an Analyst Rating Rank of 5, meaning RIDE is ranked higher by analysts than 5% of stocks. The average price target for RIDE is $1.5 and analyst’s rate the stock as a Hold.

Overall Score - 3
Wall Street analysts are rating RIDE a Hold today. Find out what this means to you and get the rest of the rankings on RIDE!

Why are Analyst Ratings Important?

Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company’s balance sheet. This information allows investors to make decisions ahead of the curve. InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.

What’s Happening With Lordstown Motors Corp Stock Today?

Lordstown Motors Corp (RIDE) stock is lower by -4.62% while the S&P 500 has risen 0.97% as of 12:21 PM on Monday, Oct 24. RIDE is down -$0.08 from the previous closing price of $1.73 on volume of 1,692,656 shares. Over the past year the S&P 500 is lower by -17.02% while RIDE is down -67.13%. RIDE lost -$1.10 per share the over the last 12 months. Click Here to get the full Stock Report for Lordstown Motors Corp stock.
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