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

The Lion Electric Company (NYSE:LEV) has received a consensus rating of “Hold” from the nine ratings firms that are covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered 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 on the stock in a report on Friday, November 8th.

Lion Electric Stock Performance

LEV stock opened at $0.25 on Friday. Lion Electric has a 1-year low of $0.18 and a 1-year high of $1.99. The company has a current ratio of 1.12, a quick ratio of 0.30 and a debt-to-equity ratio of 0.52. The firm has a market cap of $56.56 million, a PE ratio of -0.42 and a beta of 1.84. The business’s 50-day moving average price is $0.31 and its two-hundred day moving average price is $0.59.

Lion Electric (NYSE:LEV) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.02). The company 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 prior year, the company earned ($0.10) EPS. As a group, research analysts forecast 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. XTX Topco Ltd acquired a new stake in The Lion Electric Company (NYSE:LEV) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 43,969 shares of the company’s stock, valued at approximately $40,000. 52.73% of the stock is currently owned by institutional investors and hedge funds.

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.