Einride (NASDAQ:ENRD) Stock Gets Downgrade from Wall Street Zen

Einride (NASDAQ:ENRD) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Sunday, Wall Street Zen reports.

A number of other equities analysts also recently commented on the stock. Weiss Ratings assumed coverage on shares of Einride in a report on Monday, September 14th. They issued a “sell (e-)” rating for the company. Canaccord Genuity Group started coverage on shares of Einride in a research note on Tuesday, September 15th. They issued a “buy” rating and a $8.00 target price for the company. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $8.00.

Einride Price Performance

NASDAQ:ENRD opened at $2.40 on Friday. Einride has a one year low of $2.25 and a one year high of $34.00. The stock has a market capitalization of $341.28 million, a PE ratio of 8.13 and a beta of 0.36.

About Einride

Einride is a Swedish freight-technology company that develops electric and autonomous solutions for the movement of goods. The company combines connected electric trucks, autonomous vehicles and digital logistics software to help businesses transition away from conventional diesel-powered freight operations.

Its product portfolio includes the Einride Saga freight mobility platform, which is designed to help customers plan, monitor and optimize transportation networks. Einride also provides electric and autonomous trucking solutions, charging infrastructure and related services for industrial and logistics customers.

Founded in 2016 by Robert Falck, Einride has expanded its operations beyond Sweden to serve customers and conduct deployments in markets including Europe and the United States.