The Lion Electric Company (NYSE:LEV – Get Free Report) has earned an average recommendation of “Hold” from the nine analysts that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $1.52.
A number of equities analysts have recently issued reports on LEV shares. B. Riley upgraded shares of Lion Electric to a “strong-buy” rating in a research note on Tuesday, June 25th. DA Davidson reaffirmed a “neutral” rating and set a $1.00 target price (down previously from $1.50) on shares of Lion Electric in a research report on Monday, August 12th. Finally, Roth Capital downgraded Lion Electric from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 31st.
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Lion Electric Price Performance
LEV opened at $0.68 on Wednesday. The company has a market capitalization of $153.92 million, a price-to-earnings ratio of -1.39 and a beta of 2.15. The company has a current ratio of 2.49, a quick ratio of 0.53 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 $2.00. The business’s fifty day simple moving average is $0.71 and its 200-day simple moving average is $0.94.
Lion Electric (NYSE:LEV – Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.06). The business had revenue of $30.28 million for the quarter, compared to the consensus estimate of $61.40 million. Lion Electric had a negative return on equity of 26.26% and a negative net margin of 51.81%. On average, equities research analysts anticipate that Lion Electric will post -0.42 earnings per share for the current fiscal year.
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.
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