Analysts who follow LMP Automotive Holdings Inc (LMPX) on average expect it to decrease -3.47% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy.
That average rating earns LMP Automotive Holdings Inc an Analyst Ranking of 79, which means it ranks higher than 79 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve.
InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.
What's Happening With LMP Automotive Holdings Inc Stock Today?
LMP Automotive Holdings Inc (LMPX) stock is trading at $25.90 as of 2:01 PM on Friday, Dec 11, a drop of -$1.49, or -5.46% from the previous closing price of $27.39. The stock has traded between $24.55 and $28.99 so far today. Volume today is less active than usual. So far 201,864 shares have traded compared to average volume of 297,239 shares.
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