How Much Does Lordstown Motors Corp. (RIDE) Pay Out In Dividends?

As of Friday close, Lordstown Motors Corp.’s (NASDAQ:RIDE) stock was up $0.23, moving up 10.36 percent to $2.45. The average number of shares traded per day over the past five days has been 31,838,080 shares. 3 times new highs have been achieved over the past 5 days, with a $0.54 gain in that time frame. In the last twenty days, the average volume was 12,402,670, while in the previous 50 days, it was 8,408,500.


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Since last month, RIDE stock retreated -9.59%. Shares of the company fell to $1.50 on 05/11/22, the lowest level in the past month. A 52-week high of $15.80 was reached on 01/03/22 after having rallying from a 52-week low of $1.50. Since the beginning of this year, RIDE’s stock price has dropped by -28.99% or -$1.00, and marked a new high 1 time. However, the stock has declined by -84.49% since its 52-week high.

Lordstown Motors Corp. (RIDE) last reported insider trading activity 72 days ago on Mar 03. NINIVAGGI DANIEL A, the CHIEF EXECUTIVE OFFICER of the company, purchased of 15,400 shares for $2.43 on Mar 03. It resulted in a $37,350 investment by the insider. NINIVAGGI DANIEL A added 4,600 shares at an average price of $2.44 on Mar 02. The insider now owns 4,600 shares following the transaction. On Mar 02, 10% Owner Burns Stephen S. sold 2,500,000 shares at $2.44 apiece. The transaction was valued at $6,100,000.

Financial Health

In the three months ended September 29, Lordstown Motors Corp.’s quick ratio stood at 2.00, while its current ratio was 2.00, showing that the company is able to pay off its debt. Based on annual data, RIDE earned -$400.49 million in gross profit.

While analysts expected Lordstown Motors Corp. to report -$0.59 quarterly earnings, the actual figure was -$0.54 per share, beating the consensus estimate by 8.50%. The liabilities of Lordstown Motors Corp. were 206.25 million at the end of its most recent quarter ended September 29. The value of shareholders’ equity is $197.4 million.

Technical Picture

This quick technical analysis looks at Lordstown Motors Corp.’s (RIDE) price momentum. With a historical volatility rate of 225.55%, the RSI 9-day stood at 60.67% on 13 May.

With respect to its five-day moving average, the current Lordstown Motors Corp. price is up by +28.27% percent or $0.54. At present, RIDE shares trade -2.39% below its 20-day simple moving average and -34.14% percent below its 100-day simple moving average. However, the stock is currently trading approximately +6.99% above its SMA50 and -60.48% below its SMA200.

Stochastic coefficient K was 55.28% and Stochastic coefficient D was 32.46%, while ATR was 0.31. Given the Stochastic reading of 91.35% for the 14-day period, the RSI (14) reading has been calculated as 54.15%. As of today, the MACD Oscillator reading stands at 0.09, while the 14-day reading stands at 0.01.

Analyst Ratings

Lordstown Motors Corp. downgraded its rating on Lordstown Motors Corp. (NASDAQ: RIDE) to a Sell in a note to investors on May 10, 2022. The analysts firm previously had a Hold rating on the stock.

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