Shares of Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $1.63, but opened at $1.69. Lotus Technology shares last traded at $1.65, with a volume of 18,688 shares trading hands.
Lotus Technology Stock Performance
The firm has a market capitalization of $1.09 billion, a P/E ratio of -1.03 and a beta of 0.14. The firm has a 50-day moving average of $2.71 and a 200-day moving average of $3.86.
Hedge Funds Weigh In On Lotus Technology
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in Lotus Technology in the 3rd quarter valued at approximately $32,000. Bank of America Corp DE lifted its holdings in shares of 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 buying an additional 4,848 shares during the period. Jane Street Group LLC bought a new position in shares of Lotus Technology during the 4th quarter valued at $37,000. State Street Corp bought a new position in shares of Lotus Technology during the 3rd quarter valued at $58,000. Finally, Merit Financial Group LLC bought a new position in shares of Lotus Technology during the 4th quarter valued at $46,000. 63.40% of the stock is owned by institutional investors.
Lotus Technology Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Lotus Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lotus Technology wasn't on the list.
While Lotus Technology currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
