Cubist Systematic Strategies LLC Invests $62,000 in The Lion Electric Company (NYSE:LEV)

Cubist Systematic Strategies LLC acquired a new position in shares of The Lion Electric Company (NYSE:LEV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 68,484 shares of the company’s stock, valued at approximately $62,000.

Separately, XTX Topco Ltd acquired a new stake in shares of Lion Electric during the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 52.73% of the company’s stock.

Lion Electric Price Performance

Lion Electric stock opened at $0.68 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.53 and a current ratio of 2.49. The firm has a market cap of $153.58 million, a P/E ratio of -1.39 and a beta of 2.14. The business’s fifty day moving average is $0.70 and its two-hundred day moving average is $0.89. The Lion Electric Company has a 52 week low of $0.53 and a 52 week high of $1.99.

Lion Electric (NYSE:LEV) last posted its quarterly earnings data on Wednesday, July 31st. The company reported ($0.18) EPS 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 return on equity of 26.26% and a negative net margin of 51.81%. Equities research analysts forecast that The Lion Electric Company will post -0.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LEV has been the topic of several recent analyst reports. Roth Capital lowered Lion Electric from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 31st. B. Riley raised Lion Electric to a “strong-buy” rating in a research note on Tuesday, June 25th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $1.00 price target (down previously from $1.50) on shares of Lion Electric in a research note on Monday, August 12th. Seven investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $1.52.

Lion Electric Profile

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.