Lion Electric (LEV) to Release Earnings on Wednesday

Lion Electric (NYSE:LEV) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter.

Lion Electric Stock Down 1.1 %

Shares of NYSE LEV opened at $0.60 on Monday. The company has a quick ratio of 0.53, a current ratio of 2.49 and a debt-to-equity ratio of 0.82. The company has a market cap of $135.73 million, a price-to-earnings ratio of -1.14 and a beta of 2.14. Lion Electric has a 12-month low of $0.53 and a 12-month high of $1.99. The firm’s 50-day simple moving average is $0.70 and its 200 day simple moving average is $0.83.

Analyst Upgrades and Downgrades

LEV has been the topic of a number of recent research reports. DA Davidson reiterated a “neutral” rating and issued a $1.00 price objective (down from $1.50) on shares of Lion Electric in a research report on Monday, August 12th. Roth Capital cut Lion Electric from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Seven research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Lion Electric has an average rating of “Hold” and an average target price of $1.52.

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.