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

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

Other analysts also recently issued research reports about the company. Canaccord Genuity Group initiated coverage on Einride in a research note on Tuesday, September 15th. They issued a “buy” rating and a $8.00 price target on the stock. Weiss Ratings started coverage on Einride in a research report on Monday, September 14th. They set a “sell (e-)” rating for the company. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $8.00.

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Einride Price Performance

Shares of NASDAQ ENRD opened at $3.36 on Friday. The firm has a market capitalization of $477.79 million, a P/E ratio of 11.20 and a beta of 0.36. Einride has a 1-year low of $2.87 and a 1-year high of $34.00.

About Einride

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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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