Lordstown Motors Corp.

Lordstown Motors Corp. (NASDAQ: RIDE) is an automobile firm created to develop and produce light-duty electric trucks for fleet clients. The Endurance, an electric full-size pickup truck, has been the company's vehicle in the development phase.

Key Highlights

• As of now, the company has not engaged in any commercial activity. However, commercial production is expected to begin in Q3FY22, subject to adequate financing.
• Its operational losses expand to USD 99.28 million in Q3FY21 from USD 42.00 million in Q3FY20, owing to an increase in SG&A and R&D expenses.
• RIDE and Hon Hai Technology Group (Foxconn), one of the world's top electronics manufacturers, announced on November 10, 2021, that they had signed a definitive Asset Purchase Agreement for RIDE's Lordstown, Ohio site. As per the contract, Foxconn purchased USD 50 million of common stock directly from RIDE for USD 6.8983 per share.
• The stock is currently trading below its crucial short-term (50-day) and long-term (200-day) SMA support levels, and its RSI Index is at 32.50.
• RIDE stock price made a new 52 week low today.
• Its stock price fell 77.19% and 81.62% in the past nine and twelve months, respectively.

Technical Price Chart (as of December 02, 2021). Analysis by Kalkine

Conclusion: Considering the absence of commercial activity, huge losses, uncertain outlook, and other technical indicators, we recommend an "Avoid" rating on the stock at the current price of USD 4.06, down 2.87%, as of December 02, 2021, at 2:20 PM ET.

*The reference data in this report has been partly sourced from REFINITIV.

GTT Communications Inc.

GTT Communications Inc. (OTC: GTTN) is a communications network company that provides telecommunications services to multinational corporations, airlines, and governments across five continents. Wide-area networks, Internet services, phone, and other transportation and infrastructure services are among the services provided by the company.

Key Highlights

• NYSE has delisted the GTTN as it did not meet the stringent listing requirements.
• The most recent financial figures accessible as of Q1FY20 spanned three months ending on March 31, 2020, raising concerns about GTTN's growth prospects.
• GTTN announced the sale of its infrastructure sector to I Squared Capital on September 17, 2021.
• Stock is currently trading below its crucial short-term (50-day) and long-term (200-day) SMA support levels, and its RSI Index is at 40.63 in OTC and grey market.
• The stock is highly volatile as it has shown a significant drop of 99.32% in the past twelve months.

Technical Price Chart (as of December 02, 2021). Analysis by Kalkine

Conclusion: Considering the lack of recent financials, volatile nature of the stock, and other technical indicators, we recommend an "Avoid" rating on the stock at the current price of USD 0.03, down 11.76%, as of December 02, 2021, at 1:49 PM ET.

*The reference data in this report has been partly sourced from REFINITIV.