Weekly Performance Analysis for The Lion Electric Company (LEV)

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The Lion Electric Company (NYSE:LEV) saw an upside of 5.41% to close Tuesday at $2.73 after adding $0.14 on the day. The 5-day average trading volume is 1,445,800 shares of the company’s common stock. It has gained $2.79 in the past week and touched a new high 2 times within the past 5 days. An average of 1,562,645 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,478,998.

LEV’s 1-month performance is 33.17% or $0.73 on its low of $1.96 reached on 12/27/22. The company’s shares have touched a 52-week low of $1.83 and high of $9.21, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, LEV has achieved 21.88% or $0.49 and has reached a new high 5 times. However, the current price is down -70.36% from the 52-week high price.

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Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.85 while the price-to-book (PB) in the most recent quarter is 1.31.

The Lion Electric Company’s quick ratio for the recent period was 1.40, with the current ratio over the same period at 3.20.. In terms of profitability, the gross margin trailing 12 months is -5.20%. The firm’s gross profit as reported stood at $46000.0 against revenue of $57.71 million.

Earnings Surprise

Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 100.0% to -$43.33 million, while revenue of $0.0 was 100.0% off the previous quarter. EBITDA for the quarter stood at more than -$18.17 million. LEV stock balance sheet for the recent quarter shows that total liabilities totaled 215.85 million, with total debt at $73.73 million.

Let’s look briefly at The Lion Electric Company (LEV) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 70.91% to suggest the stock is trending Overbought, with historical volatility in this time period at 80.09%.

The stock’s 5-day moving average is $2.56, reflecting a +7.48% or $0.19 change from its current price. LEV is currently trading +35.15% above its 20-day SMA, -27.97% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -9.60% and SMA200 by-66.00%.

Stochastic %K and %D was 82.21% and 74.80% and the average true range (ATR) pointed at 0.18. The RSI (14) points at 63.48%, while the 14-day stochastic is at 92.21% with the period’s ATR at 0.17. The stock’s 9-day MACD Oscillator is pointing at 0.15 and 0.27 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for The Lion Electric Company (NYSE: LEV), Northland Capital launched coverage with an Outperform rating.

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