Lordstown Motors stock is trading -88.62% below its average target price of $3.13 after dropping -31.9% during today's afternoon session. Analysts are giving the small-cap Heavy Machinery company an average rating of underperform and target prices ranging from $0.5 to $10.0 per share.
The stock has an unusually large proportion of its shares sold short at 19.0%, and a short ratio of 7.64. Insiders such as directors and executives own 13.46% of the company's shares, from which we can deduce there is a significant degree of alignment between management and shareholder interests. Finally, we also note that only a small number of institutional investors are invested in the stock, with 24.2% of Lordstown Motors's shares being owned by this investor type.
Institutions Invested in Lordstown Motors
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2022-12-31 | Blackrock Inc. | 5% | 12,382,405 | $4,409,374 |
| 2022-12-31 | Invesco Ltd. | 4% | 10,558,420 | $3,759,853 |
| 2022-12-31 | Vanguard Group, Inc. (The) | 4% | 8,378,944 | $2,983,741 |
| 2022-12-31 | State Street Corporation | 2% | 4,930,175 | $1,755,635 |
| 2022-12-31 | Geode Capital Management, LLC | 1% | 3,495,610 | $1,244,786 |
| 2022-12-31 | Shaw D.E. & Co., Inc. | 1% | 1,721,930 | $613,179 |
| 2022-12-31 | Northern Trust Corporation | 1% | 1,528,915 | $544,446 |
| 2022-12-31 | Charles Schwab Investment Management, Inc. | 1% | 1,327,868 | $472,853 |
| 2022-12-31 | Susquehanna International Group, LLP | 0% | 960,153 | $341,910 |
| 2022-12-31 | Stifel Financial Corporation | 0% | 900,069 | $320,514 |
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