Lion Electric (LEV) Set to Announce Quarterly Earnings on Wednesday

Lion Electric (NYSE:LEV - Get Free Report) will be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter.

Lion Electric Trading Down 2.7 %

Shares of Lion Electric stock traded down $0.02 during mid-day trading on Monday, hitting $0.59. The stock had a trading volume of 210,303 shares, compared to its average volume of 403,276. The firm has a 50-day moving average of $0.69 and a two-hundred day moving average of $0.83. The firm has a market cap of $133.58 million, a P/E ratio of -1.11 and a beta of 2.14. The company has a quick ratio of 0.53, a current ratio of 2.49 and a debt-to-equity ratio of 0.82. Lion Electric has a 12-month low of $0.53 and a 12-month high of $1.99.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Roth Capital lowered Lion Electric from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 31st. DA Davidson reiterated 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. Seven research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Lion Electric currently has an average rating of "Hold" and a consensus target price of $1.52.

About Lion Electric

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.