Lilium (NASDAQ:LILM) Trading Up 8%

Lilium (NASDAQ:LILM) shares shot up 8% on Tuesday . The company traded as high as $0.85 and last traded at $0.85. 2,674,284 shares were traded during mid-day trading, a decline of 13% from the average session volume of 3,080,266 shares. The stock had previously closed at $0.78.

Analysts Set New Price Targets

A number of research firms recently weighed in on LILM. Cantor Fitzgerald restated an “overweight” rating and issued a $2.00 target price on shares of Lilium in a report on Monday, September 9th. Canaccord Genuity Group restated a “buy” rating and issued a $2.00 target price on shares of Lilium in a report on Thursday, June 27th.

Lilium Price Performance

The company’s 50 day simple moving average is $0.81 and its 200 day simple moving average is $0.89.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. XTX Topco Ltd bought a new position in shares of Lilium during the 2nd quarter valued at approximately $25,000. Warberg Asset Management LLC bought a new position in shares of Lilium during the 2nd quarter valued at approximately $27,000. RS Crum Inc. bought a new position in shares of Lilium during the 2nd quarter valued at approximately $328,000. Longitude Cayman Ltd. grew its position in shares of Lilium by 12.2% during the 2nd quarter. Longitude Cayman Ltd. now owns 1,514,672 shares of the company’s stock valued at $1,204,000 after acquiring an additional 164,672 shares during the period. Finally, Financial Designs Corp bought a new position in shares of Lilium during the 2nd quarter valued at approximately $32,000. 8.30% of the stock is owned by institutional investors.

About Lilium

Lilium N.V. engages in the research and development of electric vertical takeoff and landing aircrafts and jet for use in high-speed air transport system for people and goods. It also provides aircraft manufacturer services, including training services, maintenance operations, material management and global distribution, flight operations support, ground service equipment, and digital solutions.