The Lion Electric Company (NYSE:LEV) Given Consensus Rating of “Hold” by Brokerages

The Lion Electric Company (NYSE:LEV) has been assigned an average rating of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $1.46.

Separately, BMO Capital Markets reduced their target price on shares of Lion Electric from $0.80 to $0.60 and set a “market perform” rating for the company in a research note on Friday, November 8th.

Lion Electric Price Performance

LEV stock opened at $0.25 on Friday. The firm has a market cap of $56.56 million, a PE ratio of -0.42 and a beta of 1.84. Lion Electric has a 1 year low of $0.18 and a 1 year high of $1.99. The company has a fifty day simple moving average of $0.31 and a 200 day simple moving average of $0.59. The company has a current ratio of 1.12, a quick ratio of 0.30 and a debt-to-equity ratio of 0.52.

Lion Electric (NYSE:LEV) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.15) 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 for the quarter, compared to analyst estimates of $34.33 million. During the same period in the prior year, the company posted ($0.10) EPS. Sell-side analysts anticipate that Lion Electric will post -0.53 EPS for the current fiscal year.

Institutional Trading of Lion Electric

An institutional investor recently bought a new position in Lion Electric stock. XTX Topco Ltd purchased a new stake in The Lion Electric Company (NYSE:LEV) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 43,969 shares of the company’s stock, valued at approximately $40,000. Institutional investors own 52.73% of the company’s stock.

Lion Electric Company 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.