|Bid||1.9100 x 4000|
|Ask||1.9200 x 900|
|Day's range||1.7500 - 1.9296|
|52-week range||1.7500 - 20.0000|
|Beta (5Y monthly)||0.71|
|PE ratio (TTM)||3.73|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Shares of Romeo Power (NYSE: RMO) are sinking amid a day of sell-offs for the broader market. In addition to bearish pressures impacting the market, Romeo Power stock also seems to be losing ground due to a recently announced change for its management team. Romeo Power's recent press release stated that Anne Devine will take over the COO position roughly a month from today.
Companies in the electric vehicle (EV) sector are back in vogue with investors today, and several tied to the electrification of the commercial truck industry are leading the way. Shares of Nikola (NASDAQ: NKLA), Hyliion Holdings (NYSE: HYLN), and battery company Romeo Power (NYSE: RMO) were up 3.9%, 10.3%, and 9.2%, respectively, as of 3:28 p.m. ET. While today's moves are in line with a more general push into EV stocks by investors, some of the confidence in these names is likely coming from recent progress with the businesses.
While acquisitions and growing demand for ChargePoint's (CHPT) cloud subscription platform are aiding the company's top line, high R&D costs are likely to have played spoilsport.