Lotus Technology (NASDAQ:LOT) Trading Down 1.8% – What’s Next?

Lotus Technology Inc. Sponsored ADR (NASDAQ:LOT)’s stock price fell 1.8% during trading on Thursday . The company traded as low as $1.07 and last traded at $1.09. 28,656 shares traded hands during trading, a decline of 86% from the average session volume of 205,679 shares. The stock had previously closed at $1.11.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Lotus Technology in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Lotus Technology Trading Down 1.8%

The business’s 50 day moving average price is $1.32 and its two-hundred day moving average price is $1.65. The stock has a market cap of $739.28 million, a P/E ratio of -0.88 and a beta of 0.42.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC boosted its position in shares of Lotus Technology by 64.1% during the first 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. Bank of America Corp DE boosted its stake in Lotus Technology by 178.8% during the fourth quarter. Bank of America Corp DE now owns 7,560 shares of the company’s stock worth $27,000 after acquiring an additional 4,848 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in Lotus Technology in the second quarter worth about $34,000. Hedge funds and other 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.