UPDATE: Lordstown Motors (RIDE) PT Lowered to $8 at Morgan Stanley

R.F. Lafferty Downgrades Lordstown Motors (RIDE) to Hold

R.F. Lafferty analyst Jaime Perez downgraded Lordstown Motors (NASDAQ: RIDE) from Buy to Hold with a price target of $9.00 (from $35.00).

The analyst commented, "The decline in price target reflects our lower revenue estimates for 2021 and 2022, which assumes that ramping up... More

Lordstown Motors (RIDE) PT Lowered to $20 at BTIG

BTIG analyst Gregory Lewis lowered the price target on Lordstown Motors (NASDAQ: RIDE) to $20.00 (from $40.00) while maintaining a Buy rating.

The analyst comments "RIDE announced 1Q21 earnings post-market close, and the stock quickly traded down 9%-10% in after-hours trading. First, the good: As a pre-production company, the focus remains on... More

After-Hours Stock Movers 05/24: (JYNT) (SRRK) (HYFM) Higher; (TLMD) (ACHV) (RIDE) Lower (more...)

After-Hours Stock Movers

The Joint Corp. (NASDAQ: JYNT) 11% HIGHER; will replace Cubic Corp. (NYSE: CUB) in the S&P SmallCap 600

SOC Telemed, Inc. (NASDAQ: TLMD) 10% LOWER; announced that it has commenced an underwritten public offering of 8,000,000 shares of its Class A Common Stock.

Achieve Life Sciences, Inc. (NASDAQ: ACHV) 9% LOWER; announced a proposed underwritten public offering in which it... More

UPDATE: Lordstown Motors (RIDE) Misses Q1 EPS by 44c, Offers Outlook, To Seek Additional Capital

(Updated - May 24, 2021 4:04 PM EDT)

Lordstown Motors (NASDAQ: RIDE) reported Q1 EPS of ($0.72), $0.44 worse than the analyst estimate of ($0.28).

Executive Commentary

We are proud to have built 48 out of 57 of our beta vehicles and are on schedule to conclude the beta program approximately by the end of June, stated Lordstown Motors Chairman and CEO Steve Burns. We are incredibly satisfied with beta vehicle test results so far. We recently passed two of the most difficult crash tests and, as such, believe we remain on track to... More

Lordstown Motors (RIDE) option implied volatility at 138 on wide price movement

Lordstown Motors (NASDAQ: RIDE) 30-day option implied volatility is at 138; compared to its 52-week range of 96 to 176