Lotus Technology (NASDAQ:LOT) Hits New 12-Month Low – What’s Next?

Lotus Technology Inc. Sponsored ADR (NASDAQ:LOT)’s stock price reached a new 52-week low on Friday . The company traded as low as $1.00 and last traded at $1.0350, with a volume of 118120 shares trading hands. The stock had previously closed at $1.08.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lotus Technology in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Lotus Technology Stock Performance

The business has a 50-day simple moving average of $1.28 and a 200 day simple moving average of $1.26. The firm has a market cap of $685.11 million, a P/E ratio of -1.48 and a beta of 0.49.

Lotus Technology (NASDAQ:LOT) last issued its quarterly earnings data on Friday, April 10th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.02. The business had revenue of $163.34 million during the quarter, compared to the consensus estimate of $153.86 million. On average, research analysts expect that Lotus Technology Inc. Sponsored ADR will post -0.71 EPS for the current year.

Institutional Trading of Lotus Technology

Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in Lotus Technology by 178.8% during the 4th quarter. Bank of America Corp DE now owns 7,560 shares of the company’s stock valued at $27,000 after purchasing an additional 4,848 shares during the period. XTX Topco Ltd bought a new stake in shares of Lotus Technology during the 2nd quarter valued at about $34,000. Finally, Jane Street Group LLC boosted its stake in shares of Lotus Technology by 64.1% during the 1st quarter. Jane Street Group LLC now owns 16,966 shares of the company’s stock valued at $27,000 after purchasing an additional 6,629 shares in the last quarter. Institutional investors own 63.40% of the company’s stock.

About Lotus Technology

Lotus Technology Inc engages in the design, development, and sale of battery electric lifestyle vehicles worldwide. It also distributes sports cars. The company sells its products under the Lotus brand. Lotus Technology Inc is based in Shanghai, China.