Canaccord Genuity Group initiated coverage on shares of Einride (NASDAQ:ENRD – Free Report) in a research report sent to investors on Tuesday, Marketbeat.com reports. The brokerage issued a buy rating and a $8.00 price target on the stock.
Einride Price Performance
Einride stock opened at $4.00 on Tuesday. Einride has a 1-year low of $3.40 and a 1-year high of $34.00. The company has a market capitalization of $75.20 million, a PE ratio of 12.60 and a beta of 0.25.
About Einride
Einride AB is a Swedish freight-technology company that develops electric and autonomous transport solutions for commercial road freight. Founded in 2016, the company combines connected electric trucks, autonomous vehicle technology and digital logistics software to help businesses plan, manage and reduce the environmental impact of their transportation operations.
Its platform, Einride Saga, is designed to provide visibility and control across freight networks, including route planning, fleet management and performance monitoring.
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