NASDAQ:RIDE

2.20
0.00 (0.00%) 1d
0

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Allan Tong’s Discover Picks Lordstown Motors serves as a sobering reminder that not every EV stock is a winner, and fads come and go on Wall Street. Sure, electric vehicles are an exciting industry to invest in now. More of these cars and trucks will replace gas-guzzlers and help the planet breathe. If you want EV’s, then look at Ford and GM, and if you can stomach volatility, give Tesla a look. Read 3 Best Tech Stocks to Buy Now for our full analysis.
Automotive
DON'T BUY

They report Monday. They're riding on Tesla's coattails, but the market is avoiding these old SPAC plays which burned investors so much in recent months. This stock is down about 70% from its highs. How can they get their mojo back? Maybe they will surprise him.

Automotive
DON'T BUY

They report Monday. Was a market darling 4 months ago, but the stock has since plunged along with the EV group. Managers got excessively promotional about their pre-order numbers--bad call. He prefers Fisker.

Automotive
DON'T BUY
A tragic SPAC. They were supposed to make an e-pick-up truck. Great, but then last month a short-seller questioned their order book as largely fake. The CEO failed to answer this accusation and said that they are much further away from production as the public was lead to believe. Managers say they are on track for September, but he doesn't believe them.
Automotive
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Mar 02/21, Down 37.2%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with RIDE has triggered its stop at $13. To be disciplined, we recommend covering the position. We will look for better opportunities elsewhere.
Automotive
DON'T BUY
SPACs recently flooded the market, SPACs that merged with EV companies, but they're now imploding as the market is more skeptical of speculative stocks. A short-teller last Friday accused RIDE's order book of being "largely fictitious" and that a road test of a RIDE car burst into flames. Last Friday, the stock plunged, but bounced partially today.
Automotive
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly RIDE has the early lead in bringing the world's first all electric commercial pickup truck to market -- targeting September 2021 for the rollout. With only four moving parts and 95% more efficient than traditional engines, it can be a real disruptor in the space. The stock was recently hurt when the US Post Office decided to purchase from another EV manufacturer. However, the Biden Administration executive order to replace all federal vehicles with net zero emissions with parts made in the US will be an opportunity as over 600,000 federal vehicles will need to convert to EV, hybrid, or electrified. The company is not yet profitable, but with over 100,000 pre-orders it is well positioned. We would buy this with a stop-loss at $13, looking to achieve $32.50. Yield 0% (Analysts’ price target is $32.20)
Automotive
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Lordstown Motors Corp.(RIDE-Q) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Lordstown Motors Corp. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Lordstown Motors Corp.(RIDE-Q) Frequently Asked Questions

What is Lordstown Motors Corp. stock symbol?

Lordstown Motors Corp. is a American stock, trading under the symbol RIDE-Q on the NASDAQ (RIDE). It is usually referred to as NASDAQ:RIDE or RIDE-Q

Is Lordstown Motors Corp. a buy or a sell?

In the last year, there was no coverage of Lordstown Motors Corp. published on Stockchase.

Is Lordstown Motors Corp. a good investment or a top pick?

Lordstown Motors Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for Lordstown Motors Corp..

Why is Lordstown Motors Corp. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Lordstown Motors Corp. worth watching?

0 stock analysts on Stockchase covered Lordstown Motors Corp. In the last year. It is a trending stock that is worth watching.

What is Lordstown Motors Corp. stock price?

On 2023-07-06, Lordstown Motors Corp. (RIDE-Q) stock closed at a price of $2.2.