Analysts Set The Lion Electric Company (NYSE:LEV) PT at $1.46

The Lion Electric Company (NYSE:LEV) has earned an average rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $1.46.

Separately, BMO Capital Markets decreased their price target on shares of Lion Electric from $0.80 to $0.60 and set a “market perform” rating on the stock in a research note on Friday, November 8th.

Lion Electric Stock Performance

NYSE LEV opened at $0.25 on Monday. Lion Electric has a 52-week low of $0.18 and a 52-week high of $1.99. The company has a fifty day moving average of $0.42 and a 200-day moving average of $0.67. The company 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 debt-to-equity ratio of 0.52, a quick ratio of 0.30 and a current ratio of 1.12.

Lion Electric (NYSE:LEV) last issued its quarterly earnings results 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 firm 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 last year, the firm earned ($0.10) EPS. As a group, equities research analysts predict that Lion Electric will post -0.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Lion Electric

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