RBC Capital analyst Joseph Spak maintained a Sell rating on Lordstown Motors on Monday, setting a price target of $5, which is approximately 23.43% below the present share price of $6.53.
Spak expects Lordstown Motors to post earnings per share (EPS) of -$0.61 for the fourth quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Sell rating of shares in Lordstown Motors, with an average price target of $6.67.
The analysts price targets range from a high of $10 to a low of $5.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $0 and a net profit of -$110.34 million. The company's market cap is $1.16 billion.
According to TipRanks.com, RBC Capital analyst Joseph Spak is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -10.0% and a 49.06% success rate.
DiamondPeak Holdings Corp. is a blank check company, which intends to focus on a business with a real estate component. The company was founded on November 13, 2018 and is headquartered in New York, NY.