Previous Close | 0.6371 |
Open | 0.6420 |
Bid | 0.6580 x 1000 |
Ask | 0.6638 x 1800 |
Day's Range | 0.6331 - 0.6800 |
52 Week Range | 0.6010 - 3.7900 |
Volume | |
Avg. Volume | 5,080,993 |
Market Cap | 152.443M |
Beta (5Y Monthly) | 1.28 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -2.2440 |
Earnings Date | May 08, 2023 - May 12, 2023 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 3.44 |
Although electric vehicle stocks have become far less hot during this bear market, the pivot towards vehicle electrification keeps moving forward. Even so, that doesn’t mean every EV stock is a buy. In fact, there are plenty of names one should consider EV stocks to sell. Why? The overall trend may be favorable, but in the case of several publicly-traded EV makers, there’s a headwind that far outweighs this tailwind: rising competition. Since the start of the year, Tesla (NASDAQ:TSLA) has shored
Shares of electric vehicle companies Canoo (NASDAQ: GOEV), Nikola (NASDAQ: NKLA), and Lordstown Motors (NASDAQ: RIDE) were tumbling today after an analyst made comments yesterday indicating that price drops for EVs could be the new normal. EV stock investors may also be on edge as the Federal Reserve meets today to decide on how it will proceed with interest rate increases to fight inflation. As a result of all of this news, Canoo's shares were down 6.1%, Nikola had fallen 3.7%, and Lordstown's stock dropped 5.3% as of 11:32 a.m. ET.
While Lordstown (RIDE) Q4 adjusted loss widens from the year-ago period, Rivian (RIVN) plans to raise $1.3 billion through green bonds sale.