The Lion Electric Company (NYSE:LEV) Receives $1.46 Consensus Price Target from Analysts

The Lion Electric Company (NYSE:LEV) has been assigned an average rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered 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.

Lion Electric Price Performance

Shares of NYSE LEV opened at $0.25 on Friday. The firm’s 50-day moving average price is $0.28 and its 200-day moving average price is $0.57. Lion Electric has a 1-year low of $0.18 and a 1-year high of $1.99. The firm has a market capitalization of $56.56 million, a P/E 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 earnings results on Wednesday, November 6th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.02). The business 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 period in the previous year, the firm earned ($0.10) earnings per share. Equities research analysts anticipate that Lion Electric will post -0.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lion Electric stock. XTX Topco Ltd bought a new stake in The Lion Electric Company (NYSE:LEV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 43,969 shares of the company’s stock, valued at approximately $40,000. 52.73% of the stock is owned by institutional investors.

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.