The Lion Electric Company (NYSE:LEV) Receives Average Rating of “Hold” from Brokerages

Shares of The Lion Electric Company (NYSE:LEV) have earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $1.46.

Separately, BMO Capital Markets dropped their price target on shares of Lion Electric from $0.80 to $0.60 and set a “market perform” rating on the stock in a research note on Friday, November 8th.

Institutional Trading of Lion Electric

A hedge fund recently bought a new stake in Lion Electric stock. Cubist Systematic Strategies LLC bought a new position in The Lion Electric Company (NYSE:LEV) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 68,484 shares of the company’s stock, valued at approximately $62,000. Institutional investors own 52.73% of the company’s stock.

Lion Electric Price Performance

LEV opened at $0.25 on Friday. The company has a quick ratio of 0.30, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. The stock has a market cap of $56.56 million, a price-to-earnings ratio of -0.42 and a beta of 1.84. Lion Electric has a twelve month low of $0.18 and a twelve month high of $1.99. The company’s 50-day moving average price is $0.28 and its two-hundred day moving average price is $0.57.

Lion Electric (NYSE:LEV) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The business had revenue of $30.63 million for the quarter, compared to analysts’ expectations of $34.33 million. Lion Electric had a negative net margin of 74.35% and a negative return on equity of 32.42%. During the same quarter in the previous year, the company posted ($0.10) earnings per share. As a group, equities analysts expect that Lion Electric will post -0.53 earnings per share for the current year.

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.