Lion Electric (NYSE:LEV - Get Free Report) had its target price lowered by stock analysts at BMO Capital Markets from $0.80 to $0.60 in a report issued on Friday,Benzinga reports. The brokerage currently has a "market perform" rating on the stock. BMO Capital Markets' price target points to a potential upside of 78.41% from the company's previous close.
Several other research firms have also recently commented on LEV. DA Davidson restated a "neutral" rating and set a $1.00 price target (down from $1.50) on shares of Lion Electric in a report on Monday, August 12th. Roth Capital downgraded Lion Electric from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 31st. Seven investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Lion Electric currently has a consensus rating of "Hold" and a consensus price target of $1.46.
Check Out Our Latest Stock Report on LEV
Lion Electric Stock Down 18.4 %
NYSE:LEV traded down $0.08 during trading hours on Friday, hitting $0.34. 1,334,799 shares of the stock traded hands, compared to its average volume of 414,906. The firm has a 50 day moving average price of $0.68 and a 200 day moving average price of $0.82. The firm has a market cap of $76.08 million, a price-to-earnings ratio of -0.64 and a beta of 2.14. Lion Electric has a fifty-two week low of $0.32 and a fifty-two week high of $1.99. The company has a current ratio of 2.49, a quick ratio of 0.53 and a debt-to-equity ratio of 0.82.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Lion Electric by 14.3% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 239,839 shares of the company's stock worth $341,000 after acquiring an additional 30,050 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Lion Electric in the 2nd quarter worth $62,000. Finally, XTX Topco Ltd bought a new position in shares of Lion Electric during the 2nd quarter worth about $40,000. Institutional investors and hedge funds own 52.73% of the company's stock.
About Lion Electric
(
Get Free Report)
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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