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

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

A number of other analysts have also issued reports on the company. Weiss Ratings began coverage on Einride in a report on Monday, September 14th. They issued a “sell (e-)” rating on the stock. Canaccord Genuity Group began coverage on Einride in a research report on Tuesday, September 15th. They issued a “buy” rating and a $8.00 price target on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Einride currently has an average rating of “Hold” and an average target price of $8.00.

Einride Stock Up 4.2%

NASDAQ ENRD opened at $2.50 on Friday. Einride has a twelve month low of $2.25 and a twelve month high of $34.00. The stock has a market cap of $355.50 million, a P/E ratio of 8.00 and a beta of 0.36.

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.