FY2024 EPS Estimates for Lilium Boosted by B. Riley (NASDAQ:LILM)

Lilium (NASDAQ:LILM - Free Report) - Analysts at B. Riley increased their FY2024 earnings per share estimates for Lilium in a research note issued to investors on Wednesday, October 2nd. B. Riley analyst M. Crawford now anticipates that the company will post earnings of ($0.46) per share for the year, up from their previous estimate of ($0.61). The consensus estimate for Lilium's current full-year earnings is ($0.67) per share.

Several other analysts also recently weighed in on the company. Canaccord Genuity Group lowered their price objective on Lilium from $2.00 to $1.85 and set a "buy" rating for the company in a research report on Wednesday. Cantor Fitzgerald reiterated an "overweight" rating and issued a $2.00 price objective on shares of Lilium in a research report on Monday.

Lilium Stock Performance

LILM stock traded up $0.04 during midday trading on Friday, hitting $0.79. The company had a trading volume of 2,311,013 shares, compared to its average volume of 3,015,103. Lilium has a 52 week low of $0.60 and a 52 week high of $1.41. The stock's 50 day moving average price is $0.76 and its 200 day moving average price is $0.87.

Hedge Funds Weigh In On Lilium

A number of hedge funds and other institutional investors have recently made changes to their positions in LILM. Quadrature Capital Ltd bought a new position in shares of Lilium during the fourth quarter valued at approximately $280,000. Longitude Cayman Ltd. raised its holdings in shares of Lilium by 20.5% during the first quarter. Longitude Cayman Ltd. now owns 1,350,000 shares of the company's stock valued at $1,296,000 after acquiring an additional 230,000 shares in the last quarter. Freestone Capital Holdings LLC bought a new position in shares of Lilium during the first quarter valued at approximately $55,000. Virtu Financial LLC bought a new position in shares of Lilium during the first quarter valued at approximately $32,000. Finally, Financial Designs Corp bought a new position in shares of Lilium during the second quarter valued at approximately $32,000. Institutional investors own 8.30% of the company's stock.

Lilium Company Profile

Lilium N.V. engages in the research and development of electric vertical takeoff and landing aircrafts and jet for use in high-speed air transport system for people and goods. It also provides aircraft manufacturer services, including training services, maintenance operations, material management and global distribution, flight operations support, ground service equipment, and digital solutions.