Lotus Technology (LOT, Financial) experienced a significant stock decline, dropping 5.08% to $3.36 per share. The trading volume reached 69,515 shares, with a turnover rate of 0.01% and a price fluctuation of 9.04%. Recent financial reports reveal the company generated $257 million in revenue but suffered a net loss of $208 million, resulting in an earnings per share (EPS) of -$0.31. The gross profit stood at $8.28 million, with a price-to-earnings (P/E) ratio of -2.56. Currently, there are no institutional ratings of buy, hold, or sell for LOT.
Despite the drop in Lotus Technology's stock, the overall automotive manufacturing industry saw a rise of 4.94%. Within this sector, Srivaru Holding Limited and related warrants showed significant gains. Other active stocks included Faraday Future and Canoo, with turnover rates of 567.68%, 11.27%, and 8.70%, respectively. Stocks with notable price fluctuations included Srivaru Holding Limited and Gogoro Inc. with amplitudes of 78.80%, 55.62%, and 32.61%.
Lotus Technology is a manufacturer of battery electric vehicles (BEVs), focusing on the design, development, and sale of Lotus-branded vehicles. The company also acts as a dealer for luxury sports cars and offers additional sales and support services.
