Lordstown Motors Corp. (RIDEQ) Research

Lordstown Motors Corp. focuses on the development, production, and distribution of the Endurance, a full-size electric pickup truck designed exclusively for commercial fleet clients across the United States. The company was established in 2018 and operates from its base in Lordstown, Ohio. A significant event occurred on June 27, 2023, when Lordstown Motors Corp., alongside its associated entities, filed for Chapter 11 bankruptcy, initiating a voluntary reorganization petition in the U.S. Bankruptcy Court for the District of Delaware.

Market snapshot

Symbol
RIDEQ
Price
$1.71
Day change
-5.26%
Market cap
$33.0M
P/E ratio
68.18x
52-week range
0.8-10.199999
Sector
Consumer Cyclical
Industry
Auto - Manufacturers

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