The Lion Electric Company (NYSE:LEV – Get Free Report) has been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $1.52.
Several analysts have recently weighed in on LEV shares. DA Davidson reissued a “neutral” rating and issued a $1.00 target price (down from $1.50) on shares of Lion Electric in a report on Monday, August 12th. Roth Capital downgraded Lion Electric from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 31st.
Check Out Our Latest Stock Report on Lion Electric
Hedge Funds Weigh In On Lion Electric
Lion Electric Stock Down 2.5 %
Shares of NYSE LEV opened at $0.62 on Friday. The company has a market capitalization of $140.05 million, a price-to-earnings ratio of -1.26 and a beta of 2.14. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.49 and a quick ratio of 0.53. The business has a 50-day moving average of $0.70 and a two-hundred day moving average of $0.85. Lion Electric has a 1 year low of $0.53 and a 1 year high of $1.99.
Lion Electric (NYSE:LEV – Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06). The business had revenue of $30.28 million for the quarter, compared to analysts’ expectations of $61.40 million. Lion Electric had a negative return on equity of 26.26% and a negative net margin of 51.81%. On average, analysts forecast that Lion Electric will post -0.42 earnings per share for the current fiscal year.
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.
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