Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Lotus Technology Inc - ADR before investing.

In this article, we go over a few key elements for understanding Lotus Technology Inc - ADR’s stock price such as:

• Lotus Technology Inc - ADR’s current stock price and volume
• Why Lotus Technology Inc - ADR’s stock price changed recently
• Upgrades and downgrades for LOT from analysts
• LOT’s stock price momentum as measured by its relative strength

About Lotus Technology Inc - ADR (LOT)

Before we jump into Lotus Technology Inc - ADR’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Lotus Technology Inc is a company mainly engaged in the design, development, manufacturing and sales of luxury electric vehicles. The Company is mainly engaged in providing luxury lifestyle battery electric vehicles, focusing on electrification, digitalization, intelligence and other automotive technologies. The Company designs, develops and sells luxury lifestyle cars (non-sports cars for everyday use) under the iconic British brand Lotus. The Company operates in China, the UK and the EU market.

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Lotus Technology Inc - ADR’s Stock Price as of Market Close

As of May 31, 2024, 4:00 PM, CST, Lotus Technology Inc - ADR’s stock price was $9.81.

Lotus Technology Inc - ADR is down 24.77% from its previous closing price of $13.04.

During the last market session, Lotus Technology Inc - ADR’s stock traded between $12.37 and $13.50. Currently, there are 558.43 million shares of Lotus Technology Inc - ADR stock available for purchase.

Unfortunately, Lotus Technology Inc - ADR’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Lotus Technology Inc - ADR Stock Price History

Lotus Technology Inc - ADR’s (LOT) price is currently up 68.27% so far this month.

During the month of May, Lotus Technology Inc - ADR’s stock price has reached a high of $13.85 and a low of $6.00.

Over the last year, Lotus Technology Inc - ADR has hit prices as high as $17.99 and as low as $5.50. Year to date, Lotus Technology Inc - ADR’s stock is down 2.87%.

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What Caused Lotus Technology Inc - ADR Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 30, 2024, there were analysts who downgraded Lotus Technology Inc - ADR’s stock and analysts who upgraded over the last month.

Additionally, you'll want to evaluate Lotus Technology Inc - ADR’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Lotus Technology Inc - ADR’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Lotus Technology Inc - ADR (LOT) by visiting AAII Stock Evaluator.

Relative Price Strength of Lotus Technology Inc - ADR

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 30, 2024, Lotus Technology Inc - ADR has a weighted four-quarter relative price strength of 16.48%, which translates to a Momentum Score of 91 and is considered to be Very Strong.

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Lotus Technology Inc - ADR Stock Price: Bottom Line

As of May 31, 2024, Lotus Technology Inc - ADR’s stock price is $9.81, which is down 24.77% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Lotus Technology Inc - ADR stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.