|Bid||6.80 x 1100|
|Ask||6.81 x 900|
|Day's range||6.69 - 6.90|
|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||11.75|
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.
Bank of America Analyst, Martyn Briggs, joins Yahoo Finance to discuss the goals of the electric vehicle industry, how EV producers are adapting around supply constraints, and the viability of Biden's plan to have 50% of vehicles produced in the U.S. be electric by 2030.
One, Velodyne Lidar (NASDAQ: VLDR), was rising on new developments in an activist shareholder's battle with company management; Romeo Power (NYSE: RMO) and Canoo (NASDAQ: GOEV), by contrast, were up sharply on no apparent news -- but they (and Velodyne) may have been undergoing short squeezes. Canoo was up by about 26.7%. Romeo Power was up by about 16.1%.