Lion Electric (NYSE:LEV - Get Free Report) issued its earnings results on Wednesday. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.02), Zacks reports. Lion Electric had a negative return on equity of 31.12% and a negative net margin of 74.35%. The company had revenue of $30.63 million during the quarter, compared to analyst estimates of $34.33 million. During the same period in the prior year, the business earned ($0.10) earnings per share.
Lion Electric Price Performance
NYSE LEV traded down $0.07 on Friday, reaching $0.35. The company's stock had a trading volume of 1,340,444 shares, compared to its average volume of 190,761. The firm's 50 day moving average is $0.67 and its two-hundred day moving average is $0.82. The stock has a market cap of $78.50 million, a PE ratio of -0.59 and a beta of 2.14. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.53 and a current ratio of 2.49. Lion Electric has a twelve month low of $0.32 and a twelve month high of $1.99.
Analyst Ratings Changes
LEV has been the topic of a number of analyst reports. BMO Capital Markets dropped their price objective on shares of Lion Electric from $0.80 to $0.60 and set a "market perform" rating on the stock in a report on Friday. DA Davidson reiterated a "neutral" rating and set a $1.00 price objective (down from $1.50) on shares of Lion Electric in a research report on Monday, August 12th. Finally, Roth Capital cut Lion Electric from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 31st. Seven analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $1.46.
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Lion Electric Company Profile
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The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. The company's products include battery systems, chassis, bus bodies, and truck cabins. It distributes truck and bus parts, as well as accessories.
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