Market Watch: Lion Electric Co (LEV)’s Noteworthy Gain, Closing at 1.00

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As of close of business last night, Lion Electric Co’s stock clocked out at $1.00, up 3.10% from its previous closing price of $0.97. In other words, the price has increased by $3.10 from its previous closing price. On the day, 0.59 million shares were traded. LEV stock price reached its highest trading level at $1.04 during the session, while it also had its lowest trading level at $0.9408.

Ratios:

To gain a deeper understanding of LEV’s stock, we examine 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 226216000 and an Enterprise Value of 559506752. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.89 while its Price-to-Book (P/B) ratio in mrq is 0.67. Its current Enterprise Value per Revenue stands at 2.2 whereas that against EBITDA is -9.272.

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 $0.88. The 50-Day Moving Average of the stock is -15.09%, while the 200-Day Moving Average is calculated to be -40.92%.

Shares Statistics:

It appears that LEV traded 632.39K shares on average per day over the past three months and 595120 shares per day over the past ten days. 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 1714435200 were 6898796 with a Short Ratio of 10.91, compared to 1711584000 on 6286042. Therefore, it implies a Short% of Shares Outstanding of 6898796 and a Short% of Float of 6.59.

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