|Bid||8.90 x 1000|
|Ask||8.94 x 3100|
|Day's range||7.57 - 9.17|
|52-week range||5.75 - 24.90|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||16 Aug 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||11.50|
The Reddit crowd doesn't seem to have given up on GameStop (NYSE: GME) yet, but it seems to be paying more attention to other names it thinks it can drive into a short squeeze. In Friday trading, GameStop dipped, but electric vehicle start-up Canoo (NASDAQ: GOEV) and independent oil and natural gas company Camber Energy (NYSEMKT: CEI) are soaring, with chatter on the latter two names picking up on Reddit. GameStop had dropped 2.9%.
The social media tailwinds pushed Canoo's shares up by 13.4% for the day, and apparently took several other EV stocks along for the ride, including the embattled truck maker Lordstown Motors and battery start-up Quantumscape. Lordstown Motors shares have been buzzing since late August when the company announced the hiring of new CEO Daniel Ninivaggi, who brings with him rich experience in the automotive industry. Investors hope that Ninivaggi can help turn the company's fortunes around and address some pressing concerns, such as the ongoing investigations into Lordstown for allegedly inflating production and demand numbers for its Endurance pickup.
Let's look at three EV stocks -- Workhorse Group (NASDAQ: WKHS), Lordstown Motors (NASDAQ: RIDE), and Canoo (NASDAQ: GOEV) -- that have each fallen more than 40% in 2021 and see whether they are attractive buys right now. For example, management projected it would produce 300 to 400 vehicles by the end of 2020.