Einride (NASDAQ:ENRD) Stock Rating Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Einride (NASDAQ:ENRD) from a hold rating to a sell rating in a research note released on Sunday,Wall Street Zen reports.

A number of other brokerages also recently commented on ENRD. Weiss Ratings began coverage on shares of Einride in a research note on Monday, September 14th. They issued a “sell (e-)” rating on the stock. 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 target price on the stock. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.00.

Einride Price Performance

ENRD opened at $2.44 on Friday. Einride has a 52-week low of $2.25 and a 52-week high of $34.00. The company has a market cap of $346.97 million, a price-to-earnings ratio of 8.13 and a beta of 0.36.

Einride Company Profile

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.