Lion Electric Co (NYSE:LEV) finished Thursday with a subtraction of -$0.02 to close at $1.91, a downside of -1.04 percent. An average of 965,020 shares of common stock have been traded in the last five days. There was a fall of -$0.0400 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 580,645 shares traded, while the 50-day average volume stands at 795,998.
LEV stock has decreased by -13.57% in the last month. The company shares reached their 1-month lowest point of $1.8600 on 09/28/23. 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 $3.73 in 52 weeks. It has reached a new high 6 times so far this year and lost -14.73% or -$0.3300 in price. In spite of this, the price is down -48.79% from the 52-week high.
Valuation Metrics
Lion Electric Co (LEV) stock’s beta is 2.15. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.16, the price-to-book (PB) ratio at 1.00.
Financial Health
The quick ratio of Lion Electric Co for the three months ended June 29 was 1.12, and the current ratio was 2.84, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.53 and a total debt to equity ratio of 0.56 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 Lion Electric Co’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 Lion Electric Co (LEV) price momentum. RSI 9-day as of the close on 28 September was 34.63%, suggesting the stock is Neutral, with historical volatility in this time frame at 29.78%.
As of today, LEV’s price is $1.9140 -2.05% or -$0.0400 from its 5-day moving average. LEV is currently trading -13.18% lower than its 20-day SMA and -16.59% lower than its 100-day SMA. However, the stock’s current price level is -25.10% below the SMA50 and -31.05% below the SMA200.
The stochastic %K and %D were 11.56% and 8.67%, respectively, and the average true range (ATR) was 0.0845. With the 14-day stochastic at 12.20% and the average true range at 0.0920, the RSI (14) stands at 37.67%. The stock has reached -0.0533 on the 9-day MACD Oscillator while the 14-day reading was at -0.1107.
Analyst Ratings
National Bank Financial downgraded Lion Electric Co (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 Lion Electric Co (LEV) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell LEV, while 5 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 $3.25. Taking a look at these predictions, the average price target given by analysts for Lion Electric Co (LEV) stock is $3.67.
