The Lion Electric Company (NYSE:LEV) shares traded 6.07% higher at $2.62 on Wall Street last session.
In accordance with the data, 13 analysts cover The Lion Electric Company (NYSE:LEV). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $7.00 and a low of $1.90, we find $3.75. Given the previous closing price of $2.47, this indicates a potential upside of 51.82 percent. LEV stock price is now 25.49% away from the 50-day moving average and 13.59% away from the 200-day moving average. The market capitalization of the company currently stands at $550.51M.
It has been rated a hold by 5 analysts and a buy by 7. Brokers who have rated the stock have averaged $3.68 as their price target over the next twelve months.
With the price target of $7, R. F. Lafferty recently initiated with Buy rating for The Lion Electric Company (NYSE: LEV).
A total of 48.86% 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 B. RILEY SECURITIES, INC. during the first quarter worth $1,204,000. HITE HEDGE ASSET MANAGEMENT LLC invested $887,000 in shares of LEV during the first quarter. In the first quarter, VERITION FUND MANAGEMENT LLC acquired a new stake in The Lion Electric Company valued at approximately $39,000. BAYESIAN CAPITAL MANAGEMENT, LP acquired a new stake in LEV for approximately $37,000. TRADITION WEALTH MANAGEMENT, LLC purchased a new stake in LEV valued at around $31,000 in the second quarter. In total, there are 122 active investors with 9.80% ownership of the company’s stock.
The Lion Electric Company (NYSE: LEV) opened at $2.4800 on Monday. During the past 12 months, The Lion Electric Company has had a low of $1.68 and a high of $5.66. As of last week, the company has a debt-to-equity ratio of 0.46, a current ratio of 3.70, and a quick ratio of 1.60. The fifty day moving average price for LEV is $2.0982 and a two-hundred day moving average price translates $2.3069 for the stock.
The latest earnings results from The Lion Electric Company (NYSE: LEV) was released for Mar, 2023. According to the Farm & Heavy Construction Machinery Company, earnings per share came in at -$0.07, beating analysts’ expectations of -$0.1 by 0.03. This compares to $0.01 EPS in the same period last year. The net profit margin was 0.10% and return on equity was 0.00% for LEV. The company reported revenue of $54.7 million for the quarter, compared to $22.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 141.55 percent. For the current quarter, analysts expect LEV to generate $66.6M 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. The company’s products include battery systems, chassis, bus bodies, and truck cabins. It 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.
