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

Shares of The Lion Electric Company (NYSE:LEV) have earned an average recommendation of “Hold” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $1.46.

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

Lion Electric Stock Performance

Shares of NYSE:LEV opened at $0.25 on Monday. The firm has a market cap of $56.56 million, a PE ratio of -0.42 and a beta of 1.84. Lion Electric has a 12-month low of $0.18 and a 12-month high of $1.99. 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 company’s 50 day moving average price is $0.42 and its two-hundred day moving average price is $0.67.

Lion Electric (NYSE:LEV) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The firm had revenue of $30.63 million for the quarter, compared to the consensus estimate of $34.33 million. Lion Electric had a negative return on equity of 32.42% and a negative net margin of 74.35%. During the same quarter in the prior year, the firm earned ($0.10) EPS. Equities research analysts predict that Lion Electric will post -0.53 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Lion Electric stock. Cubist Systematic Strategies LLC purchased a new stake in shares of The Lion Electric Company (NYSE:LEV) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 68,484 shares of the company’s stock, valued at approximately $62,000. Institutional investors and hedge funds own 52.73% of the company’s stock.

Lion Electric 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 distributes truck and bus parts, as well as accessories.