Einride (NASDAQ:ENRD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Einride (NASDAQ:ENRD) from a sell rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

ENRD has been the subject of a number of other research reports. Weiss Ratings initiated coverage on shares of Einride in a research report on Monday, September 14th. They set a “sell (e-)” rating for the company. Canaccord Genuity Group initiated coverage on shares of Einride in a report on Tuesday, September 15th. They set a “buy” rating and a $8.00 price target for the company. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $8.00.

Einride Trading Down 6.2%

Einride stock opened at $3.15 on Friday. The company has a market capitalization of $447.93 million, a P/E ratio of 10.50 and a beta of 0.36. Einride has a one year low of $2.87 and a one year high of $34.00.

About Einride

Einride is a Swedish freight-technology company that develops electric and autonomous solutions for the movement of goods. The company combines connected electric trucks, autonomous vehicles and digital logistics software to help businesses transition away from conventional diesel-powered freight operations.

Its product portfolio includes the Einride Saga freight mobility platform, which is designed to help customers plan, monitor and optimize transportation networks. Einride also provides electric and autonomous trucking solutions, charging infrastructure and related services for industrial and logistics customers.

Founded in 2016 by Robert Falck, Einride has expanded its operations beyond Sweden to serve customers and conduct deployments in markets including Europe and the United States.