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Does LMP Automotive Holdings Inc (LMPX) Stock Have Analysts Confidence?

Monday, June 08, 2020 02:06 PM | InvestorsObserver Analysts
Does LMP Automotive Holdings Inc (LMPX) Stock Have Analysts Confidence?

Wall Street is positive on LMP Automotive Holdings Inc (LMPX). On average, analysts give LMP Automotive Holdings Inc a Strong Buy rating. The average price target is $25, which means analysts expect the stock to increase by 106.27% over the next twelve months.

That average ranking earns LMP Automotive Holdings Inc an Analyst Rating of 80, which is better than 80% of stocks based on data compiled by InvestorsObserver.

Overall Score - 5
Wall Street analysts are rating LMPX a Strong Buy today. Find out what this means to you and get the rest of the rankings on LMPX!

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.

Investors Observer averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With LMP Automotive Holdings Inc Stock Today?

LMP Automotive Holdings Inc (LMPX) stock is trading at $12.12 as of 1:52 PM on Monday, Jun 8, a gain of $2.05, or 20.38% from the previous closing price of $10.07. The stock has traded between $10.08 and $12.74 so far today. Volume today is high. So far 283,769 shares have traded compared to average volume of 131,454 shares.

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