In yesterday’s Wall Street session, The Lion Electric Company (NYSE:LEV) shares traded at $2.21, down -3.91% from the previous session.
10 analysts cover The Lion Electric Company (NYSE:LEV), according to research data. The consensus rating among analysts is ‘Overweight’. LEV stock price is now -5.80% away from the 50-day moving average and -36.49% away from the 200-day moving average. The market capitalization of the company currently stands at $455.48M.
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The stock has received a hold rating from 4 analysts and a buy rating from 5.
With the price target of $3, Barclays recently initiated with Equal Weight rating for The Lion Electric Company (NYSE: LEV). On December 27, 2022, Northland Capital recently initiated its ‘Outperform’ rating on the stock quoting a target price of $5, while ‘Canaccord Genuity’ rates the stock as ‘Hold’.
A total of 50.42% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LEV stock. A new stake in The Lion Electric Company shares was purchased by POINT72 ASSET MANAGEMENT, L.P. during the first quarter worth $2,550,000. LMR PARTNERS LLP invested $2,547,000 in shares of LEV during the first quarter. In the first quarter, VESTCOR INC acquired a new stake in The Lion Electric Company valued at approximately $1,658,000. B. RILEY FINANCIAL, INC. acquired a new stake in LEV for approximately $1,015,000. B. RILEY SECURITIES, INC. purchased a new stake in LEV valued at around $1,015,000 in the second quarter. In total, there are 125 active investors with 9.80% ownership of the company’s stock.
On Wednesday morning The Lion Electric Company (NYSE: LEV) stock kicked off with the opening price of $2.2900. During the past 12 months, The Lion Electric Company has had a low of $1.83 and a high of $9.21. As of last week, the company has a debt-to-equity ratio of 0.31, a current ratio of 3.20, and a quick ratio of 1.40. The fifty day moving average price for LEV is $2.3460 and a two-hundred day moving average price translates $3.4797 for the stock.
The latest earnings results from The Lion Electric Company (NYSE: LEV) was released for Sep, 2022. According to the Farm & Heavy Construction Machinery Company, earnings per share came in at -$0.09, beating analysts’ expectations of -$0.12 by 0.03. This compares to $0.60 EPS in the same period last year. The net profit margin was 43.70% and return on equity was 13.00% for LEV. The company reported revenue of $40.98 million for the quarter, compared to $11.93 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 243.63 percent. For the current quarter, analysts expect LEV to generate $48.82M in revenue.
The Lion Electric Company(LEV) Company Profile
The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. Its products include battery systems, chassis, bus bodies, and truck cabins. The company also distributes truck and bus parts, as well as accessories. The Lion Electric Company was incorporated in 2008 and is based in Saint-Jérôme, Canada.
