|Bid||7.86 x 900|
|Ask||7.87 x 1000|
|Day's Range||7.76 - 8.10|
|52 Week Range||4.77 - 31.57|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 08, 2021 - Nov 12, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.00|
Yahoo Finance’s Jared Blikre reports on the day's trending tickers.
Goldman Sachs analyst Mark Delaney downgraded Lordstown Motors Corp (NASDAQ: RIDE) to Sell from Neutral with an unchanged price target of $5, representing 34% downside. Delaney wrote in a note that the price target reflects the "competitive albeit growing" market for electric vehicles as well as the operational challenges that Lordstown is facing. The analyst points out that Ford Motor Co (NYSE: F) is planning to bring out a battery electric vehicle F-150 in 2022 starting at $40,000 for fleets,
The social media tailwinds pushed Canoo's shares up by 13.4% for the day, and apparently took several other EV stocks along for the ride, including the embattled truck maker Lordstown Motors and battery start-up Quantumscape. Lordstown Motors shares have been buzzing since late August when the company announced the hiring of new CEO Daniel Ninivaggi, who brings with him rich experience in the automotive industry. Investors hope that Ninivaggi can help turn the company's fortunes around and address some pressing concerns, such as the ongoing investigations into Lordstown for allegedly inflating production and demand numbers for its Endurance pickup.