+Compare
RIDE
Stock ticker:
NASDAQ
AS OF
Jun 29 closing price
Price
$1.73
Change
-$0.04 (-2.26%)
Capitalization
360.14M

RIDE Lordstown Motors Corp Forecast, Technical & Fundamental Analysis

a blank check company, which intends to focus on a business with a real estate component
Industry MotorVehicles
AI
A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Jun 29, 2022

RIDE's Indicator enters downward trend

The Aroon Indicator for RIDE entered a downward trend on June 28, 2022. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 142 similar instances where the Aroon Indicator formed such a pattern. In 121 of the 142 cases the stock moved lower. This puts the odds of a downward move at 85%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 35 cases where RIDE's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where RIDE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 23, 2022. You may want to consider a long position or call options on RIDE as a result. In of 45 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for RIDE just turned positive on June 23, 2022. Looking at past instances where RIDE's MACD turned positive, the stock continued to rise in of 28 cases over the following month. The odds of a continued upward trend are .

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where RIDE advanced for three days, in of 110 cases, the price rose further within the following month. The odds of a continued upward trend are .

RIDE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. RIDE’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.774) is normal, around the industry mean (5.115). P/E Ratio (0.000) is within average values for comparable stocks, (99.176). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.267). RIDE has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.036). P/S Ratio (0.000) is also within normal values, averaging (81.759).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. RIDE’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock worse than average.

AI

View a ticker or compare two or three

AI
A.I. Advisor
published Earnings

RIDE is expected to report earnings to fall 1.65% to -45 cents per share on August 10

Lordstown Motors Corp RIDE Stock Earnings Reports
Q2'22
Est.
$-0.45
Q1'22
Missed
by $0.01
Q4'21
Beat
by $0.35
Q3'21
Beat
by $0.05
Q2'21
Missed
by $0.12
The last earnings report on May 09 showed earnings per share of -46 cents, missing the estimate of -44 cents. With 7.10M shares outstanding, the current market capitalization sits at 360.14M.
AI
A.I. Advisor
published General Information

General Information

a blank check company, which intends to focus on a business with a real estate component

Industry MotorVehicles

Profile
Fundamentals
Details
Industry
N/A
Address
2300 Hallock Young Road
Phone
+1 234 285-4001
Employees
632
Web
https://www.lordstownmotors.com

Interesting Tickers

1D
1W
1M
1Q
6M
1Y
5Y
1 Day
MFs / NAMEPrice $Chg $Chg %
MEFZX19.37-0.10
-0.51%
MassMutual Mid Cap Growth I
DBEAX24.35-0.21
-0.86%
BNY Mellon Diversified Emerg Mrkts Fd A
LVOPX16.02-0.14
-0.87%
Lord Abbett Value Opportunities P
IYSCX12.65-0.12
-0.94%
Delaware Ivy Smid Cap Core Fund Class C
EGLRX15.78-0.17
-1.07%
abrdn International Rl Estt Eq Instl

RIDE and

Correlation & Price change

A.I.dvisor indicates that over the last year, RIDE has been closely correlated with WKHS. These tickers have moved in lockstep 69% of the time. This A.I.-generated data suggests there is a high statistical probability that if RIDE jumps, then WKHS could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RIDE
1D Price
Change %
RIDE100%
-2.26%
WKHS - RIDE
69%
Closely correlated
-4.41%
SOLO - RIDE
59%
Loosely correlated
-4.51%
FSR - RIDE
58%
Loosely correlated
-5.09%
GOEV - RIDE
51%
Loosely correlated
-0.49%
PTRA - RIDE
49%
Loosely correlated
-6.30%
More