Should You Buy EV Stock Lordstown Motors Corp (RIDE) Wednesday?

Wednesday, March 29, 2023 02:34 PM | InvestorsObserver Analysts

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Should You Buy EV Stock Lordstown Motors Corp (RIDE) Wednesday?

Lordstown Motors Corp is losing momentum Wednesday, decreasing 3.32%.The 23 rating InvestorsObserver gives to Lordstown Motors Corp (RIDE) stock puts it near the bottom of the Consumer Cyclical sector. In addition to scoring higher than 17 percent of stocks in the Consumer Cyclical sector, RIDE’s 23 overall rating means the stock scores better than 23 of all stocks.

RIDE has an Overall Score of 23. 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?

Trying to find the best stocks can be a daunting task. There are a wide variety of ways to analyze stocks in order to determine which ones are performing the strongest. *Investors Observer* makes the entire process easier by using percentile rankings that allows you to easily find the stocks who have the strongest evaluations by analysts. 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 down -3.32% while the S&P 500 has risen 1.06% as of 2:20 PM on Wednesday, Mar 29. RIDE has fallen -$0.02 from the previous closing price of $0.65 on volume of 6,101,701 shares. Over the past year the S&P 500 is lower by -13.35% while RIDE has fallen -82.00%. RIDE lost -$1.35 per share the over the last 12 months. Click Here to get the full Stock Report for Lordstown Motors Corp stock.