Einride (NASDAQ:ENRD) Raised to “Hold” at Wall Street Zen

by · The Cerbat Gem

Einride (NASDAQ:ENRD – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other brokerages have also recently issued reports on ENRD. Canaccord Genuity Group initiated coverage on shares of Einride in a report on Tuesday, September 15th. They issued a “buy” rating and a $8.00 target price for the company. Weiss Ratings started coverage on shares of Einride in a research note on Monday, September 14th. They issued a “sell (e-)” rating on the stock. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $8.00.

Read Our Latest Report on ENRD

Einride Stock Performance

Shares of ENRD stock opened at $3.36 on Friday. The stock has a market cap of $477.79 million, a P/E ratio of 11.20 and a beta of 0.36. Einride has a one year low of $2.87 and a one year high of $34.00.

Einride Company Profile

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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.

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