Previous Close | 105.00 |
Open | 105.50 |
Bid | 106.50 x 0 |
Ask | 107.00 x 0 |
Day's Range | 105.00 - 107.00 |
52 Week Range | 99.70 - 120.00 |
Volume | |
Avg. Volume | 25,791,925 |
Market Cap | 1.483T |
Beta (5Y Monthly) | 0.76 |
PE Ratio (TTM) | 10.79 |
EPS (TTM) | 9.91 |
Earnings Date | Aug 11, 2022 |
Forward Dividend & Yield | 4.00 (3.81%) |
Ex-Dividend Date | Jul 22, 2021 |
1y Target Est | 133.07 |
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Producing cars in significant volume will require more money, but issuing stock at the shares' current prices would badly dilute stockholders.
Lordstown Motors Corp (NASDAQ: RIDE) CFO acknowledged that it would be difficult to sustain the business for at least another year after it sold its factory to raise cash, the Wall Street Journal reports. Adam Kroll found it challenging to sustain pending more funding and a surge in market valuation. Lordstown needs to raise an additional $150 million in the capital before the 2022 end to execute its plans of building about 500 vehicles. Lordstown looks to have at least $75 million - $100 millio
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