Electric Vehicle Stock Rated in Top of Auto Manufacturers Industry Thursday; Should You Add Lordstown Motors Corp (RIDE)?

Thursday, July 06, 2023 09:53 AM | InvestorsObserver Analysts

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Electric Vehicle Stock Rated in Top of Auto Manufacturers Industry Thursday; Should You Add Lordstown Motors Corp (RIDE)?

Lordstown Motors Corp is a player in the electric vehicle industry that is lower by 4.65% Thursday. A rating of 71 puts Lordstown Motors Corp (RIDE) near the top of the Auto Manufacturers industry according to InvestorsObserver. Lordstown Motors Corp's score of 71 means it scores higher than 71% of stocks in the industry. Lordstown Motors Corp also received an overall rating of 51, putting it above 51% of all stocks. Auto Manufacturers is ranked 94 out of the 148 industries.

RIDE has an Overall Score of 51. Find out what this means to you and get the rest of the rankings on RIDE!

See Full RIDE Report

What do These Ratings Mean?

Searching for the best stocks to invest in can be difficult. There are thousands of options and it can be confusing on what actually constitutes a great value. InvestorsObserver allows you to choose from eight unique metrics to view the top industries and the best performing stocks in that industry. A score of 51 would rank higher than 51 percent of all stocks. Our proprietary scoring system captures technical factors, fundamental analysis and the opinions of analysts on Wall Street. This makes InvestorsObserver’s overall rating a great way to get started, regardless of your investing style. Percentile-ranked scores are also easy to understand. A score of 100 is the top and a 0 is the bottom. There’s no need to try to remember what is “good” for a bunch of complicated ratios, just pay attention to which numbers are the highest.

What's Happening With Lordstown Motors Corp Stock Today?

Lordstown Motors Corp (RIDE) stock is trading at $2.05 as of 9:48 AM on Thursday, Jul 6, a decline of -$0.10, or -4.65% from the previous closing price of $2.15. The stock has traded between $1.95 and $2.07 so far today. Volume today is light. So far 95,554 shares have traded compared to average volume of 3,906,543 shares. Click Here to get the full Stock Report for Lordstown Motors Corp stock.