Nu Ride Inc. (NRDE)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Nu Ride Inc. (NRDE) trades at $1.88 with AI Score 42/100 (Grade C). Nu Ride Inc. , formerly Lordstown Motors Corp. , focuses on developing electric vehicles. Market cap: $30.26M, Sector: Consumer cyclical.
Price live · AI analysis from Mar 17, 2026Analyst Coverage for NRDE: NRDE does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates NRDE against Consumer Cyclical peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
NRDE: the 1 perspectives are evenly split.
How is this calculated? →Nu Ride Inc. (NRDE) Consumer Business Overview
Nu Ride Inc., formerly Lordstown Motors, is an electric vehicle manufacturer undergoing Chapter 11 reorganization. The company focuses on developing and selling the Endurance electric pickup truck to fleet customers in the United States, operating within a competitive automotive industry landscape.
What Is the Investment Thesis for NRDE?
Investing in Nu Ride Inc. (NRDE) presents a highly speculative opportunity given the company's Chapter 11 bankruptcy filing in June 2023. The company's future hinges on its ability to successfully reorganize and potentially attract new investment or partnerships. Key value drivers include the potential for restructuring to unlock value from its assets and intellectual property related to the Endurance electric pickup truck. However, significant risks remain, including the uncertainty of the bankruptcy proceedings, potential dilution of existing shareholders, and the competitive landscape of the electric vehicle market. The company's market capitalization is approximately $0.03 billion, and it currently has a negative P/E ratio of -27.56, reflecting its lack of profitability.
Based on FMP financials and quantitative analysis
NRDE Key Highlights
- Chapter 11 Filing: Filed for bankruptcy on June 27, 2023, significantly impacting operations and future prospects.
- Endurance Electric Pickup Truck: Focused on developing and selling the Endurance, an electric full-size pickup truck for fleet customers.
- Market Capitalization: Current market cap of $30.26M reflects the company's distressed financial situation.
- Negative P/E Ratio: P/E ratio of -27.56 indicates the company's lack of profitability.
- Limited Operations: Managing only 9 employees, reflecting the reduced scale of operations during bankruptcy.
Who Are NRDE's Competitors?
NRDE is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BSHI Boss Holdings, Inc. | $14.55 | +0.14% | $30.64M | 45 |
| ESPGY Esprit Holdings Limited | $0.15 | +104.36% | $42.46M | 50 |
| FHYDF First Hydrogen Corp. | $0.27 | -11.32% | $21.64M | 42 |
| GBXXY Grand Baoxin Auto Group Limited | $0.09 | +0.00% | $26.22M | 44 |
| FSR Fisker Inc. | $0.09 | -28.17% | $52.82M | 64 |
| WKHS Workhorse Group Inc. | $2.80 | +4.87% | $30.50M | 63 |
| LCID Lucid Group, Inc. | $6.66 | +9.54% | $2.12B | 61 |
| NIO NIO Inc. | $5.02 | +4.80% | $11.83B | 61 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NRDE's Key Strengths?
- Focus on electric pickup trucks.
- Potential for innovation in electric vehicle technology.
- Access to government incentives and subsidies.
- Experienced management team (prior to bankruptcy).
What Are NRDE's Weaknesses?
- Chapter 11 bankruptcy filing.
- Limited financial resources.
- Intense competition in the electric vehicle market.
- Dependence on a single product (Endurance).
What Could Drive NRDE Stock Higher?
- Bankruptcy Restructuring Plan Approval: Court approval of a reorganization plan could provide clarity on the company's future and potentially unlock value.
- Potential Acquisition or Merger: The company may be exploring potential acquisition or merger opportunities as part of its restructuring efforts.
- New Investment or Funding: Securing new investment or funding could provide the company with the capital it needs to continue operations and develop its products.
What Are the Key Risks for NRDE?
- Financial-distress signal — its Altman Z-Score of -36.42 sits in the distress zone (elevated bankruptcy risk).
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Bankruptcy Proceedings: The bankruptcy proceedings could be prolonged and costly, potentially leading to further dilution of existing shareholders.
- Failure to Reorganize: The company may be unable to successfully reorganize and could be forced to liquidate its assets.
- Competition: The electric vehicle market is highly competitive, and the company faces competition from established automakers and new entrants.
- Technological Obsolescence: Rapid technological advancements in the electric vehicle industry could render the company's products obsolete.
- Limited Financial Resources: The company's limited financial resources could hinder its ability to invest in research and development and compete effectively.
What Are the Growth Opportunities for NRDE?
- Restructuring and Reorganization: Successful navigation of the Chapter 11 bankruptcy process could provide Nu Ride with an opportunity to restructure its debt, streamline operations, and attract new investment. This could potentially unlock value from its assets and intellectual property related to the Endurance electric pickup truck. The timeline for this opportunity is dependent on the bankruptcy proceedings, but a successful reorganization could position the company for future growth within the next 1-2 years.
- Strategic Partnerships: Forming strategic partnerships with other companies in the automotive or technology sectors could provide Nu Ride with access to capital, technology, and distribution channels. This could help the company accelerate its product development efforts and expand its market reach. The potential for partnerships exists within the next 1-2 years, as the company seeks to rebuild its business.
- Government Incentives: Capitalizing on government incentives and subsidies for electric vehicles could help Nu Ride reduce its production costs and increase demand for its products. These incentives are expected to continue in the coming years, providing a tailwind for the company's growth. The impact of government incentives could be realized within the next 1-3 years.
- Fleet Market Expansion: Focusing on expanding its sales and marketing efforts to target the fleet market could provide Nu Ride with a stable source of revenue. The fleet market is expected to continue growing as businesses increasingly adopt electric vehicles to reduce their operating costs and environmental impact. This growth opportunity can be pursued over the next 2-3 years.
- Technological Advancements: Investing in research and development to improve the performance, range, and cost of its electric vehicles could help Nu Ride differentiate itself from competitors and attract new customers. Technological advancements in battery technology, electric motors, and autonomous driving systems are expected to continue in the coming years, creating opportunities for innovation and growth. This is an ongoing opportunity with potential for long-term impact.
What Opportunities Does NRDE Have?
- Restructuring and reorganization.
- Strategic partnerships and collaborations.
- Expansion into new markets and customer segments.
- Technological advancements in electric vehicle technology.
What Threats Does NRDE Face?
- Prolonged bankruptcy proceedings.
- Dilution of existing shareholders.
- Failure to attract new investment.
- Increased competition from established automakers.
What Are NRDE's Competitive Advantages?
- First-mover advantage in the electric pickup truck market (initially).
- Proprietary technology related to the Endurance electric pickup truck.
- Potential for brand recognition in the fleet market.
- Access to government incentives and subsidies for electric vehicles.
What Does NRDE Do?
Nu Ride Inc., previously known as Lordstown Motors Corp., was established in 2018 with the vision of producing electric vehicles, primarily targeting the fleet market. The company's flagship product is the Endurance, a full-size electric pickup truck designed for commercial use. Headquartered in Lordstown, Ohio, the company aimed to capitalize on the growing demand for electric vehicles in the United States. However, on June 27, 2023, Lordstown Motors Corp., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware. This event marked a significant turning point for the company, impacting its operations and future prospects. The company is currently managing 9 employees. The company's focus remains on navigating the bankruptcy process and exploring potential strategies for restructuring and future operations within the evolving electric vehicle market.
What Products and Services Does NRDE Offer?
- Develops electric full-size pickup trucks.
- Manufactures electric vehicles for fleet customers.
- Sells electric vehicles in the United States.
- Focuses on the Endurance electric pickup truck.
- Aims to provide electric vehicle solutions for commercial use.
- Undergoing Chapter 11 reorganization.
How Does NRDE Make Money?
- Develops and manufactures electric vehicles.
- Sells electric vehicles directly to fleet customers.
- Generates revenue from vehicle sales.
- Aims to provide sustainable transportation solutions.
What Industry Does NRDE Operate In?
Nu Ride Inc. operates within the competitive automotive industry, specifically targeting the electric vehicle (EV) market. The industry is characterized by rapid technological advancements, increasing consumer demand for EVs, and growing regulatory support for zero-emission vehicles. However, the market is also highly competitive, with established automakers and new entrants vying for market share. Nu Ride's bankruptcy filing highlights the challenges faced by smaller EV manufacturers in scaling production and competing with larger, more established players. The industry is projected to continue growing, driven by factors such as government incentives, declining battery costs, and increasing environmental awareness.
Who Are NRDE's Key Customers?
- Fleet customers in the United States.
- Businesses seeking to electrify their vehicle fleets.
- Commercial customers looking for electric pickup trucks.
- Organizations interested in sustainable transportation solutions.
ROE 2%Key Financial Metrics
Return on equity for Nu Ride Inc. stands at 1.5%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.1%, showing how much profit it generates from its asset base. NRDE trades at a trailing price-to-earnings ratio of 63.52, above the Consumer Cyclical sector average of ~39x. Its free cash flow yield is -21.4%, a gauge of the cash the business throws off relative to its market value. A current ratio of 60.23 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 1.6%, the inverse of the P/E and a quick read on earnings relative to price.
How Nu Ride Inc. Is Valued
Nu Ride Inc. carries a market capitalization of $30.26M, placing it in the micro-cap category. Relative to its peer group, NRDE's quantitative score of 42/100 is roughly in line with the peer average of 49/100.
F-Score 3/9Financial Health
Nu Ride Inc.'s Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -36.42 places it in the distress zone, a signal of elevated financial risk.
FY2026 estForward Outlook
Wall Street analysts project Nu Ride Inc. revenue of about $745.9M for fiscal 2026, with EPS near $-5.31.
NRDE Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Focus on electric pickup trucks.
- Potential for innovation in electric vehicle technology.
- Access to government incentives and subsidies.
- Experienced management team (prior to bankruptcy).
Bear Case
- Chapter 11 bankruptcy filing.
- Limited financial resources.
- Intense competition in the electric vehicle market.
- Dependence on a single product (Endurance).
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
NRDE Latest News
No recent news available for NRDE.
NRDE Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for NRDE.
Price Targets
Wall Street price target analysis for NRDE.
NRDE MoonshotScore
What does this score mean?
The MoonshotScore rates NRDE's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Alexander C. Matina
CEO
Alexander C. Matina serves as the CEO of Nu Ride Inc. (formerly Lordstown Motors Corp.). Information regarding his detailed career history, education, and previous roles is not available in the provided data. However, as CEO, he is responsible for leading the company through its current Chapter 11 reorganization process and developing strategies for its future operations.
Track Record: Due to the recent bankruptcy filing and limited information available, it is difficult to assess Alexander C. Matina's track record at Nu Ride Inc. His primary focus has been on managing the company through the bankruptcy process and exploring potential restructuring options. Specific achievements and milestones under his leadership are not detailed in the provided data.
NRDE OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Nu Ride Inc. (NRDE) may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB. Companies in this tier often have limited financial disclosure, making it more difficult for investors to assess their financial health and operational performance. Trading on the OTC Other tier typically involves higher risks and greater price volatility compared to stocks listed on major exchanges like the NYSE or NASDAQ.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure.
- Higher price volatility.
- Lower trading volume and liquidity.
- Potential for fraud or manipulation.
- Uncertainty regarding the company's future prospects.
- Verify the company's financial statements and SEC filings (if available).
- Research the company's management team and their track record.
- Assess the company's business model and competitive landscape.
- Understand the risks associated with investing in OTC stocks.
- Consult with a financial advisor before making any investment decisions.
- Check for any regulatory actions or legal proceedings against the company.
- Review the company's disclosure status and reporting requirements.
- Company has a functioning website and contact information.
- Company has a history of operations (although currently in bankruptcy).
- Company is actively pursuing restructuring and reorganization.
- CEO is identified and accessible.
- Company has a transfer agent.
Nu Ride Inc. Consumer Cyclical Stock: Key Questions Answered
What does Nu Ride Inc. do?
Nu Ride Inc., formerly Lordstown Motors Corp., is an electric vehicle manufacturer focused on developing and selling the Endurance electric pickup truck to fleet customers in the United States. The company is currently undergoing Chapter 11 reorganization after filing for bankruptcy in June 2023. Its primary goal is to restructure its debt and operations to potentially re-emerge as a viable player in the electric vehicle market. The company's future hinges on its ability to navigate the bankruptcy process and attract new investment or partnerships.
What do analysts say about NRDE stock?
Given Nu Ride Inc.'s (NRDE) Chapter 11 bankruptcy filing, analyst coverage is limited and highly speculative. Key valuation metrics are currently not meaningful due to the company's financial distress. The company's future prospects depend on the success of its reorganization efforts and its ability to attract new investment. Investors should be aware of the significant risks associated with investing in NRDE stock, including the potential for further dilution and the uncertainty of the bankruptcy proceedings. Any investment decision should be based on thorough research and a clear understanding of the risks involved.
What are the main risks for NRDE?
The main risks for Nu Ride Inc. (NRDE) include the uncertainty of the Chapter 11 bankruptcy proceedings, the potential for further dilution of existing shareholders, and the risk of liquidation. The company also faces intense competition in the electric vehicle market from established automakers and new entrants. Additionally, the company's limited financial resources and dependence on a single product (Endurance) pose significant challenges. Investors should carefully consider these risks before investing in NRDE stock.
What are the key factors to evaluate for NRDE?
Nu Ride Inc. (NRDE) holds an AI score of 42/100 (low). Not financial advice.
How frequently does NRDE data refresh on this page?
NRDE prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven NRDE's recent stock price performance?
Nu Ride Inc. (NRDE) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Focus on electric pickup trucks. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider NRDE overvalued or undervalued right now?
Valuing Nu Ride Inc. (NRDE) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying NRDE?
Before investing in Nu Ride Inc. (NRDE), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.
- The company is currently undergoing Chapter 11 reorganization, which adds significant uncertainty to its future prospects.
- Investment in OTC stocks involves higher risks than stocks listed on major exchanges.