Lotus Technology (LOT, Financial) recently experienced a notable stock price increase of 5.20%, reaching $4.56 per share with a trading volume of 77,888 shares. The stock's turnover rate was recorded at 0.01%, with a price fluctuation of 4.50%.
According to the latest financial reports, Lotus Technology reported a revenue of $224 million, but faced a net loss of $201 million. The earnings per share were marked at -$0.30, and the gross profit stood at $20.55 million, leading to a price-to-earnings ratio of -3.50.
Currently, there are no institutional recommendations available for buying, holding, or selling the stock. In the automotive manufacturing sector, where Lotus Technology operates, the overall rise was 4.01%. Other notable performers in the sector included Gogoro Inc and Canoo Inc, which showed significant growth, while companies like Volcon, Inc. and Faraday Future displayed high activity levels.
Lotus Technology Limited is a manufacturer of battery electric vehicles (BEVs), designing and selling Lotus-branded electric cars and luxury sports cars. The company also provides various sales and support services to its customers.
