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

Shares of The Lion Electric Company (NYSE:LEV) have received an average rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat reports. Seven 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 12-month price objective among brokerages that have covered the stock in the last year is $1.46.

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

Institutional Investors Weigh In On Lion Electric

A hedge fund recently bought a new stake in Lion Electric stock. XTX Topco Ltd acquired a new stake in The Lion Electric Company (NYSE:LEV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 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 Price Performance

Shares of LEV opened at $0.25 on Monday. The stock has a 50 day simple moving average of $0.42 and a 200 day simple moving average of $0.67. Lion Electric has a 52-week low of $0.18 and a 52-week high of $1.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.30 and a current ratio of 1.12. The firm has a market capitalization of $56.56 million, a PE ratio of -0.42 and a beta of 1.84.

Lion Electric (NYSE:LEV) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $34.33 million. During the same quarter last year, the company earned ($0.10) EPS. Sell-side analysts predict that Lion Electric will post -0.53 EPS 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.