Brokerages Set The Lion Electric Company (NYSE:LEV) PT at $1.46

The Lion Electric Company (NYSE:LEV) has been given a consensus rating of “Hold” by the nine brokerages that are covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $1.46.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lion Electric stock. XTX Topco Ltd purchased a new position in shares of The Lion Electric Company (NYSE:LEV) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 43,969 shares of the company’s stock, valued at approximately $40,000. Institutional investors own 52.73% of the company’s stock.

Lion Electric Price Performance

LEV stock opened at $0.25 on Monday. The stock has a 50-day moving average price of $0.43 and a two-hundred day moving average price of $0.68. Lion Electric has a 1 year low of $0.18 and a 1 year high of $1.99. The stock has a market cap of $56.56 million, a PE ratio of -0.42 and a beta of 1.84. The company has a current ratio of 1.12, a quick ratio of 0.30 and a debt-to-equity ratio of 0.52.

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

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.