The Lion Electric Company (NYSE:LEV) Receives $1.46 Consensus Target Price from Analysts

Shares of The Lion Electric Company (NYSE:LEV - Get Free Report) have earned a consensus rating of "Hold" from the nine brokerages that are covering the stock, MarketBeat reports. 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. The average twelve-month target price among analysts that have covered the stock in the last year is $1.46.

Separately, BMO Capital Markets lowered their price objective on Lion Electric from $0.80 to $0.60 and set a "market perform" rating for the company in a research report on Friday, November 8th.

Institutional Investors Weigh In On Lion Electric

A hedge fund recently bought a new stake in Lion Electric stock. Cubist Systematic Strategies LLC purchased a new stake in The Lion Electric Company (NYSE:LEV - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 68,484 shares of the company's stock, valued at approximately $62,000. Hedge funds and other institutional investors own 52.73% of the company's stock.

Lion Electric Stock Down 26.6 %

LEV stock traded down $0.09 during midday trading on Monday, hitting $0.24. The company's stock had a trading volume of 4,480,555 shares, compared to its average volume of 1,818,844. The firm has a 50-day simple moving average of $0.45 and a 200-day simple moving average of $0.69. The firm has a market capitalization of $55.33 million, a P/E ratio of -0.41 and a beta of 1.84. The company has a quick ratio of 0.30, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. Lion Electric has a 52-week low of $0.18 and a 52-week high of $1.99.

Lion Electric (NYSE:LEV - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.02). Lion Electric had a negative net margin of 74.35% and a negative return on equity of 32.42%. The company had revenue of $30.63 million during the quarter, compared to analysts' expectations of $34.33 million. During the same quarter last year, the business posted ($0.10) earnings per share. As a group, equities analysts forecast that Lion Electric will post -0.53 EPS for the current year.

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.