GP share price has slumped 42.7% over the past six months to close yesterday’s trading session at $17.13. The company’s loss per common share has increased 26.5% year-over-year to $0.43. Its loss for the year increased 52.3% from its year-ago value to $7.84 million. Its loss from operations stood at $7.79 million, up 58.3% from the last year. GP’s gross profit declined 11.7% year-over-year to $3.58 million in the year ended March 31. GP has been affected by the vagaries of the COVID-19 pandemic, resulting in its declining financials, and could continue to incur losses in the near term. The company offers a range of high-floor and low-floor electric medium- and heavy-duty vehicles. GP in Vancouver, Canada designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. To see POWR Ratings for Momentum and Quality, click here. RIDE also has an F for Growth, Value, Stability, and Sentiment. The stock has an overall F rating, which equates to a Strong Sell. RIDE’s poor prospects are also apparent in its POWR Ratings. Shares of RIDE have slumped 78.2% over the past six months and 70.4% year-to-date. The company’s EPS is expected to remain negative at least until the following year. The Street expects RIDE’s EPS to decline 96.2% year-over-year to negative $2.04 in the current year. The company’s loss per share increased 350% year-over-year to $0.72. Its net loss increased 955.3% from its year-ago value to $125.21 million. RIDE’s loss from operations increased 785.8% year-over-year to $106.21 million in the fiscal first quarter, ended March 31.
In terms of forward Price/Sales, RIDE is currently trading at 22.31x, which is 1,665.7% higher than the 1.26x industry average. RIDE’s 10.23 forward EV/Sales multiple is 562.7% higher than the 1.54 industry average. announced the filing of a class action against RIDE alleging that the company misled investors by misrepresenting and materially false public statements. are investigating whether certain directors and officers of DiamondPeak Holdings Corp., which merged with RIDE last year, breached their fiduciary duties to DiamondPeak and its shareholders. Scott+Scott Attorneys at Law LLP and Kehoe Law Firm, P.C. RIDE completed its business combination with DiamondPeak Holdings Corp., a special purpose acquisition company, and began trading on Nasdaq under the ticker “RIDE” on October 26, 2020. The Lordstown, Ohio-based company develops, manufactures, and sells Endurance, an electric full-size pickup truck targeted to fleet customers. RIDE operates as an original equipment manufacturer of light-duty fleet vehicles. To see additional ARVL ratings for Stability and Momentum, click here. Among the 57 stocks in the Auto & Vehicle Manufacturers industry, ARVL is ranked #51. The stock also has an F grade for Growth, Value, and Quality, and a grade D for Sentiment.
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