The price of Lion Electric Co (NYSE: LEV) closed at $1.46 in the last session, down -12.57% from day before closing price of $1.67. In other words, the price has decreased by -$0.2100 from its previous closing price. On the day, 2424544 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 1.08 and its Current Ratio is at 2.90. In the meantime, Its Debt-to-Equity ratio is 0.65 whereas as Long-Term Debt/Eq ratio is at 0.62.
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 381.00M and an Enterprise Value of 637.97M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.38 while its Price-to-Book (P/B) ratio in mrq is 0.81. Its current Enterprise Value per Revenue stands at 2.66 whereas that against EBITDA is -28.23.
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 $1.50. The 50-Day Moving Average of the stock is 1.7736, while the 200-Day Moving Average is calculated to be 1.9241.
Shares Statistics:
According to the various share statistics, LEV traded on average about 392.34K shares per day over the past 3-months and 386.61k 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 15, 2024 were 5.96M with a Short Ratio of 15.19, compared to 6.12M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.64% and a Short% of Float of 5.69%.
Earnings Estimates
The company has 10 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 -$0.05 and a low estimate of -$0.12, while EPS last year was -$0.02. The consensus estimate for the next quarter is -$0.1, with high estimates of -$0.05 and low estimates of -$0.13.
Analysts are recommending an EPS of between -$0.26 and -$0.35 for the fiscal current year, implying an average EPS of -$0.31. EPS for the following year is -$0.3, with 10 analysts recommending between -$0.09 and -$0.52.
Revenue Estimates
According to 10 analysts, the current quarter’s revenue is expected to be $89.49M. It ranges from a high estimate of $100M to a low estimate of $79.1M. As of the current estimate, Lion Electric Co’s year-ago sales were $46.77M, an estimated increase of 91.30% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $103.27M, an increase of 97.20% over than the figure of $91.30% in the same quarter last year. There is a high estimate of $115.75M for the next quarter, whereas the lowest estimate is $91.1M.
A total of 11 analysts have provided revenue estimates for LEV’s current fiscal year. The highest revenue estimate was $293M, while the lowest revenue estimate was $267M, resulting in an average revenue estimate of $281.13M. In the same quarter a year ago, actual revenue was $139.91M, up 100.90% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $503.66M in the next fiscal year. The high estimate is $599.37M and the low estimate is $339M. The average revenue growth estimate for next year is up 79.20% from the average revenue estimate for this year.
