Lion Electric (LEV) Set to Announce Earnings on Wednesday

Lion Electric (NYSE:LEV) is set to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter.

Lion Electric Trading Down 1.1 %

Shares of Lion Electric stock opened at $0.60 on Monday. Lion Electric has a 12-month low of $0.53 and a 12-month high of $1.99. The company has a current ratio of 2.49, a quick ratio of 0.53 and a debt-to-equity ratio of 0.82. The stock has a market cap of $135.73 million, a PE ratio of -1.13 and a beta of 2.14. The company has a 50-day moving average of $0.70 and a two-hundred day moving average of $0.83.

Wall Street Analysts Forecast Growth

LEV has been the subject of a number of research analyst reports. DA Davidson reaffirmed 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 cut shares of Lion Electric from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 31st. Seven research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Lion Electric has an average rating of “Hold” and an average price target of $1.52.

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.