The price of Lion Electric Co (NYSE: LEV) closed at $1.30 in the last session, down -3.70% from day before closing price of $1.35. In other words, the price has decreased by -$0.0500 from its previous closing price. On the day, 1214255 shares were traded.
Ratios:
We take a closer look at LEV’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.73 and its Current Ratio is at 2.45. In the meantime, Its Debt-to-Equity ratio is 0.88 whereas as Long-Term Debt/Eq ratio is at 0.79.
On March 27, 2023, R. F. Lafferty started tracking the stock assigning a Buy rating and target price of $7.
On March 20, 2023, BMO Capital Markets started tracking the stock assigning a Market Perform rating and target price of $2.BMO Capital Markets initiated its Market Perform rating on March 20, 2023, with a $2 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LEV now has a Market Capitalization of 290.35M and an Enterprise Value of 602.39M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.16 while its Price-to-Book (P/B) ratio in mrq is 0.79. Its current Enterprise Value per Revenue stands at 2.38 whereas that against EBITDA is -9.59.
Stock Price History:
Over the past 52 weeks, LEV has reached a high of $2.68, while it has fallen to a 52-week low of $1.31. The 50-Day Moving Average of the stock is 1.6840, while the 200-Day Moving Average is calculated to be 1.8905.
Shares Statistics:
According to the various share statistics, LEV traded on average about 473.38K shares per day over the past 3-months and 926.9k shares per day over the past 10 days. A total of 218.08M shares are outstanding, with a floating share count of 115.88M. Insiders hold about 48.77% of the company’s shares, while institutions hold 5.90% stake in the company. Shares short for LEV as of Feb 29, 2024 were 5.68M with a Short Ratio of 11.99, compared to 6.07M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.51% and a Short% of Float of 5.42%.
Earnings Estimates
The company has 7 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.11, while EPS last year was -$0.07. The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.06 and low estimates of -$0.11.
Analysts are recommending an EPS of between -$0.23 and -$0.4 for the fiscal current year, implying an average EPS of -$0.31. EPS for the following year is -$0.13, with 8 analysts recommending between $0.1 and -$0.26.
Revenue Estimates
According to 6 analysts, the current quarter’s revenue is expected to be $70.7M. It ranges from a high estimate of $84.8M to a low estimate of $52.3M. As of the current estimate, Lion Electric Co’s year-ago sales were $52.37M, an estimated increase of 35.00% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $83.57M, an increase of 25.50% less than the figure of $35.00% in the same quarter last year. There is a high estimate of $99.8M for the next quarter, whereas the lowest estimate is $56.8M.
A total of 9 analysts have provided revenue estimates for LEV’s current fiscal year. The highest revenue estimate was $457.5M, while the lowest revenue estimate was $271.4M, resulting in an average revenue estimate of $362.46M. In the same quarter a year ago, actual revenue was $253.5M, up 43.00% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $589.68M in the next fiscal year. The high estimate is $858.37M and the low estimate is $414M. The average revenue growth estimate for next year is up 62.70% from the average revenue estimate for this year.
