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After finishing at $0.34 in the prior trading day, Lion Electric Co (NYSE: LEV) closed at $0.29, down -14.76%. In other words, the price has decreased by -$14.76 from its previous closing price. On the day, 0.8 million shares were traded. LEV stock price reached its highest trading level at $0.3329 during the session, while it also had its lowest trading level at $0.2877.
Ratios:
Our goal is to gain a better understanding of LEV by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.30 and its Current Ratio is at 1.12. In the meantime, Its Debt-to-Equity ratio is 1.38 whereas as Long-Term Debt/Eq ratio is at 0.82.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, DA Davidson on August 12, 2024, Downgraded its rating to Neutral and sets its target price to $1 from $1.50 previously.
On August 04, 2023, National Bank Financial Downgraded its rating to Sector Perform which previously was Outperform but kept the price unchanged to $2.75.
On March 27, 2023, R. F. Lafferty started tracking the stock assigning a Buy rating and target price of $7.R. F. Lafferty initiated its Buy rating on March 27, 2023, with a $7 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 65822884 and an Enterprise Value of 438104000. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.35 while its Price-to-Book (P/B) ratio in mrq is 0.23. Its current Enterprise Value per Revenue stands at 2.478 whereas that against EBITDA is -5.059.
Stock Price History:
Over the past 52 weeks, LEV has reached a high of $1.99, while it has fallen to a 52-week low of $0.32. The 50-Day Moving Average of the stock is -53.70%, while the 200-Day Moving Average is calculated to be -70.19%.
Shares Statistics:
The stock has traded on average 294.21K shares per day over the past 3-months and 708100 shares per day over the last 10 days, according to various share statistics. A total of 218.08M shares are outstanding, with a floating share count of 120.00M. Insiders hold about 46.95% of the company’s shares, while institutions hold 4.50% stake in the company. Shares short for LEV as of 1730332800 were 3305850 with a Short Ratio of 11.24, compared to 1727654400 on 4018548. Therefore, it implies a Short% of Shares Outstanding of 3305850 and a Short% of Float of 3.1600002000000003.
