NU Ride Inc (NRDE)

[jaybiscuit]

Reliable report says "strong sell" on RIDE....F rating. This stock would have to improve just to reach "suck" status. This. Is. Bad.

Lordstown Motors Corp. (RIDE - Get Rating)

RIDE develops, manufactures, and sells Endurance, an electric full-size pickup truck for fleet customers. It is a North American light-duty original equipment manufacturer (OEM) focused solely on EVs for commercial fleet customers.

Its trailing-12-month ROCE, ROTC, and ROTA of negative 55.36%, 38.21%, and 52.20% are significantly lower than their respective industry averages of 12.76%, 6.38%, and 4.42%.

In terms of forward EV/Sales, RIDE is trading at 76.40x, which is significantly higher than the 1.25x industry average. Its forward Price/Sales multiple of 189.01 is remarkably higher than the industry average of 1.00.

RIDE’s total operating expenses rose 56% year-over-year to $154.85 million in the third quarter that ended September 30, 2022. Its net loss came in at $154.43 million, up 61.2% year-over-year. Its adjusted operating loss amounted to $33.76 million.

RIDE’s EPS is expected to decrease 7.7% year-over-year to negative $1.23 in the current fiscal year ending December 2023.

Over the past six months, the stock has lost 49.8% to close the last trading session at $1.47. It has a 24-month beta of 1.48.

RIDE has an overall F rating that translates to a Strong Sell in our POWR Ratings system.

It has an F grade for Quality and a D for Value, Stability, and Sentiment. It is ranked #46 in the same industry.

Link: https://stocknews.com/news/nio-nkla-ride-3-stocks-to-steer-clear-from-in-february-2023/