Lordstown Motors Corp.(RIDE) is a stock of interest due to the large impact the company has on the market. Here at Wall Street Facts we only cover the best stocks so make sure you check out our other articles. Today we will be diving deep into all of the essential information you need to know about RIDE. We will be studying the movement so you can make the best decision as an investor.
First, here is information about the company and how it functions: Lordstown Motors Corp. designs and manufactures electric vehicles that revolutionize the way work gets done. The vehicles we build reduce burdensome costs, provide functional style for today’s job sites, and act as an extension of the worker—smarter, safer and more productive.
The stock has moved upwards today by 1.44%. The high for today is 12.65 and today’s low is 11.87. This information is critical in deciding whether this investment is risky or not. We can see the stock is trending upwards, which means the volume of people buying this stock is greater than people selling it. Next we will be going over the forecast.
As an investor, you can get an idea where the stock is trending by the forecast. In this case the high forecast for Lordstown Motors Corp. is $40.00 and the low forecast is $29.00. We can get a look into the future by looking at past trends. Looking at Lordstown Motors Corp.’s 5 year movement it seems it has grown 23%. Overall, Lordstown Motors Corp. is in great shape going forward. They have a strong market cap of $2.11B and a very bright future ahead fo them.