In other words, the price has increased by $0.0000 from its previous closing price. On the day, 5290987 shares were traded. RIDE stock price reached its highest trading level at $1.3200 during the session, while it also had its lowest trading level at $1.2300.
To gain a deeper understanding of RIDE’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.80 and its Current Ratio is at 2.90. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, R. F. Lafferty on May 10, 2022, Downgraded its rating to Sell and sets its target price to $1 from $4 previously.
On November 12, 2021, R. F. Lafferty Upgraded its rating to Hold which previously was Sell and also upped its target price recommendation from $3 to $7.
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jan 06 when Burns Stephen S. sold 5,000,000 shares for $0.87 per share. The transaction valued at 4,350,000 led to the insider holds 21,683,745 shares of the business.
Burns Stephen S. sold 1,169,000 shares of RIDE for $2,080,820 on Nov 15. The 10% Owner now owns 26,683,745 shares after completing the transaction at $1.78 per share. On Nov 14, another insider, Burns Stephen S., who serves as the 10% Owner of the company, sold 650,000 shares for $1.73 each. As a result, the insider received 1,124,500 and left with 27,852,745 shares of the company.
Stock Price History:
Over the past 52 weeks, RIDE has reached a high of $3.79, while it has fallen to a 52-week low of $0.87. The 50-Day Moving Average of the stock is 1.3318, while the 200-Day Moving Average is calculated to be 1.8701.
It appears that RIDE traded 5.93M shares on average per day over the past three months and 7.64M shares per day over the past ten days. A total of 211.95M shares are outstanding, with a floating share count of 179.13M. Insiders hold about 12.40% of the company’s shares, while institutions hold 28.10% stake in the company. Shares short for RIDE as of Oct 13, 2022 were 40.11M with a Short Ratio of 41.07M, compared to 40.03M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 18.65% and a Short% of Float of 18.90%.
As of right now, 2 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.31 for the current quarter, with a high estimate of -$0.28 and a low estimate of -$0.35, while EPS last year was -$0.54. The consensus estimate for the next quarter is -$0.38, with high estimates of -$0.34 and low estimates of -$0.42.
Analysts are recommending an EPS of between -$0.75 and -$1.5 for the fiscal current year, implying an average EPS of -$1.2. EPS for the following year is -$1.46, with 3 analysts recommending between -$1.15 and -$1.8.
Based on 3 analysts’ estimates, the company’s revenue will be $72.5M in the next fiscal year. The high estimate is $93.5M and the low estimate is $52M. The average revenue growth estimate for next year is up 1,626.20% from the average revenue estimate for this year.