In the last trading session, 1.04 million shares of the Lion Electric Co (NYSE:LEV) were traded, and its beta was 2.12. Most recently the company’s share price was $0.93, and it changed around -$0.02 or -1.80% from the last close, which brings the market valuation of the company to $211.01M. LEV currently trades at a discount to its 52-week high of $2.68, offering almost -188.17% off that amount. The share price’s 52-week low was $0.92, which indicates that the current value has risen by an impressive 1.08% since then. We note from Lion Electric Co’s average daily trading volume that its 3-month average coming to 544.58K.
Lion Electric Co (NYSE:LEV) trade information
Instantly LEV has showed a red trend with a performance of -1.80% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -47.29% year-to-date, but still down -12.81% over the last five days. On the other hand, Lion Electric Co (NYSE:LEV) is -28.24% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $5, which translates to bulls needing to increase their stock price by 81.4% from its current value. Analyst projections state that LEV is forecast to be at a low of $5 and a high of $5.
Lion Electric Co (LEV) estimates and forecasts
Lion Electric Co share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -47.88 percent over the past six months and at a 45.65% annual growth rate that is well above the industry average of 10.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -28.60% in revenue this quarter, and will report a decrease of -60.00% in the next quarter. The year-over-year growth rate is expected to be 43.00%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of $70.7 million in revenue for the current quarter. 6 analysts expect Lion Electric Co to make $83.57 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $52.37 million and $66.6 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 35.00%. Forecasts for the next quarter put sales growth at 25.50%.
LEV Dividends
Lion Electric Co’s next quarterly earnings report is expected to be released in May.
