InvestorsObserver is giving LMP Automotive Holdings Inc (LMPX) an Analyst Rating Rank of 80, meaning LMPX is ranked higher by analysts than 80% of stocks. The average projection by analysts for LMPX is $25 over the next 12 months and analyst’s classify the stock as a Strong Buy
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 $28.45 as of 3:26 PM on Thursday, Oct 22, a rise of $4.90, or 20.81% from the previous closing price of $23.55. The stock has traded between $22.84 and $28.90 so far today. Volume today is high. So far 567,817 shares have traded compared to average volume of 375,152 shares.
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