The Lion Electric Company (NYSE:LEV) finished Friday with an addition of $0.07 to close at $2.30, an upside of 3.14 percent. An average of 834,920 shares of common stock have been traded in the last five days. There was a gain of $0.03 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 1,350,100 shares traded, while the 50-day average volume stands at 961,454.
LEV stock has increased by 5.02% in the last month. The company shares reached their 1-month lowest point of $2.10 on 07/14/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $1.68 and a high of $5.53 in 52 weeks. It has reached a new high 6 times so far this year and achieved 2.68% or $0.06 in price. In spite of this, the price is down -58.41% from the 52-week high.
Valuation Metrics
The Lion Electric Company (LEV) has a trailing price-to-earnings (P/E) ratio of 328.57. The stock’s beta is 2.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.10, the price-to-book (PB) ratio at 1.17.
Financial Health
The quick ratio of The Lion Electric Company for the three months ended June 29 was 1.60, and the current ratio was 3.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.44 and a total debt to equity ratio of 0.46 for the quarter ending June 29. Its gross profit as reported stood at -$12.95 million compared to revenue of $139.91 million.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$43.33 million in the quarter, while revenues were grew 100.0%. The analyst consensus anticipated The Lion Electric Company’s latest quarter earnings to come in at -$0.11 per share, but it turned out to be -$0.05, a 54.50% surprise. For the quarter, EBITDA amounted to -$11.96 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at The Lion Electric Company (LEV) price momentum. RSI 9-day as of the close on 11 August was 48.61%, suggesting the stock is Neutral, with historical volatility in this time frame at 42.60%.
As of today, LEV’s price is $2.27 +1.32% or $0.03 from its 5-day moving average. LEV is currently trading +8.49% higher than its 20-day SMA and +25.00% higher than its 100-day SMA. However, the stock’s current price level is +21.69% above the SMA50 and -7.26% below the SMA200.
The stochastic %K and %D were 23.03% and 24.85%, respectively, and the average true range (ATR) was 0.14. With the 14-day stochastic at 30.91% and the average true range at 0.14, the RSI (14) stands at 50.79%. The stock has reached -0.07 on the 9-day MACD Oscillator while the 14-day reading was at -0.11.
Analyst Ratings
National Bank Financial downgraded The Lion Electric Company (NYSE: LEV) to a a Sector perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for The Lion Electric Company (LEV) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell LEV, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.
What is LEV’s price target for the next 12 months?
Analysts predict a range of price targets between $1.90 and $7.00, with a median target of $3.00. Taking a look at these predictions, the average price target given by analysts for The Lion Electric Company (LEV) stock is $3.56.
