Market Resilience: Lion Electric Co (LEV) Finishes Strong/Weak at 0.971, Down -6.92

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Lion Electric Co (NYSE: LEV) closed the day trading at $0.97 down -6.92% from the previous closing price of $1.04. In other words, the price has decreased by -$6.92 from its previous closing price. On the day, 1.14 million shares were traded. LEV stock price reached its highest trading level at $1.0 during the session, while it also had its lowest trading level at $0.931.


For a better understanding of LEV, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.73 and its Current Ratio is at 2.65. In the meantime, Its Debt-to-Equity ratio is 1.05 whereas as Long-Term Debt/Eq ratio is at 0.94.

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 220230656 and an Enterprise Value of 522270528. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.86 while its Price-to-Book (P/B) ratio in mrq is 0.59. Its current Enterprise Value per Revenue stands at 2.06 whereas that against EBITDA is -8.91.

Stock Price History:

The Beta on a monthly basis for LEV is 2.16, which has changed by -0.539823 over the last 52 weeks, in comparison to a change of 0.2537824 over the same period for the S&P500. Over the past 52 weeks, LEV has reached a high of $2.68, while it has fallen to a 52-week low of $0.88. The 50-Day Moving Average of the stock is -21.19%, while the 200-Day Moving Average is calculated to be -43.74%.

Shares Statistics:

Over the past 3-months, LEV traded about 607.22K shares per day on average, while over the past 10 days, LEV traded about 542790 shares per day. A total of 218.08M shares are outstanding, with a floating share count of 115.89M. Insiders hold about 48.77% of the company’s shares, while institutions hold 5.53% stake in the company. Shares short for LEV as of 1713139200 were 6106469 with a Short Ratio of 10.06, compared to 1710460800 on 6818183. Therefore, it implies a Short% of Shares Outstanding of 6106469 and a Short% of Float of 5.83.

Earnings Estimates

The firm’s stock currently is rated by 6.0 analysts. 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 -$0.32. EPS for the following year is -$0.17, with 7.0 analysts recommending between -$0.05 and -$0.26.

Revenue Estimates

6 analysts predict $69.16M in revenue for the current quarter. 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 $52.37MFor the next quarter, 6 analysts are estimating revenue of $80.51M. 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 $429.52M, while the lowest revenue estimate was $271.4M, resulting in an average revenue estimate of $354.67M. In the same quarter a year ago, actual revenue was $253.5MBased on 8 analysts’ estimates, the company’s revenue will be $586.49M in the next fiscal year. The high estimate is $832.87M and the low estimate is $414M.

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