Shares of The Lion Electric Company (NYSE:LEV - Get Free Report) have earned an average rating of "Hold" from the nine ratings firms that are currently covering the company, MarketBeat reports. Seven research 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. The average 12-month price target among brokers that have issued a report on the stock in the last year is $1.52.
A number of brokerages recently issued reports on LEV. DA Davidson reaffirmed a "neutral" rating and issued a $1.00 price target (down from $1.50) on shares of Lion Electric in a report on Monday, August 12th. Roth Capital cut shares of Lion Electric from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 31st.
Check Out Our Latest Stock Report on LEV
Lion Electric Stock Down 2.5 %
Shares of NYSE:LEV traded down $0.02 during trading hours on Friday, reaching $0.62. The stock had a trading volume of 139,573 shares, compared to its average volume of 410,787. The stock has a market capitalization of $140.05 million, a price-to-earnings ratio of -1.26 and a beta of 2.14. The firm's 50 day moving average is $0.70 and its 200-day moving average is $0.85. Lion Electric has a 1 year low of $0.53 and a 1 year high of $1.99. 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 (NYSE:LEV - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). The business had revenue of $30.28 million during the quarter, compared to analyst estimates of $61.40 million. Lion Electric had a negative net margin of 51.81% and a negative return on equity of 26.26%. Research analysts predict that Lion Electric will post -0.42 earnings per share for the current fiscal year.
Institutional Trading of Lion Electric
A number of large investors have recently bought and sold shares of the business. XTX Topco Ltd purchased a new position in shares of Lion Electric in the 2nd quarter valued at approximately $40,000. Cubist Systematic Strategies LLC purchased a new position in Lion Electric in the 2nd quarter valued at $62,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in Lion Electric by 14.3% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 239,839 shares of the company's stock valued at $341,000 after buying an additional 30,050 shares during the period. Institutional investors and hedge funds own 52.73% of the company's stock.
About Lion Electric
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Get Free ReportThe 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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