The Lion Electric Company (NYSE:LEV – Get Free Report) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 4,020,000 shares, a decrease of 9.5% from the September 15th total of 4,440,000 shares. Currently, 3.4% of the company’s stock are sold short. Based on an average daily volume of 265,300 shares, the short-interest ratio is presently 15.2 days.
Lion Electric Stock Performance
NYSE:LEV traded up $0.02 during trading hours on Wednesday, hitting $0.68. 70,104 shares of the company were exchanged, compared to its average volume of 418,300. The company’s 50 day moving average price is $0.69 and its 200-day moving average price is $0.89. The stock has a market capitalization of $154.64 million, a price-to-earnings ratio of -1.36 and a beta of 2.14. Lion Electric has a 52-week low of $0.53 and a 52-week high of $1.99. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.49 and a quick ratio of 0.53.
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 analysts’ consensus estimates of ($0.12) by ($0.06). The firm had revenue of $30.28 million during the quarter, compared to analysts’ expectations of $61.40 million. Lion Electric had a negative return on equity of 26.26% and a negative net margin of 51.81%. As a group, research analysts forecast that Lion Electric will post -0.42 earnings per share for the current year.
Institutional Trading of Lion Electric
Analysts Set New Price Targets
LEV has been the topic of several recent research reports. 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. Roth Capital downgraded shares of Lion Electric from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 31st. Finally, B. Riley upgraded shares of Lion Electric to a “strong-buy” rating in a report on Tuesday, June 25th. 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 to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $1.52.
Read Our Latest Analysis on Lion Electric
About Lion Electric
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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