During the recent session, Lion Electric Co (NYSE:LEV)’s traded shares were 0.46 million, with the beta value of the company hitting 1.98. At the last check today, the stock’s price was $0.20, reflecting an intraday loss of -15.00% or -$0.04. The 52-week high for the LEV share is $1.99, that puts it down -895.0 from that peak though still a striking 10.0% gain since the share price plummeted to a 52-week low of $0.18. The company’s market capitalization is $45.90M, and the average intraday trading volume over the past 10 days was 1.49 million shares, and the average trade volume was 443.80K shares over the past three months.
Lion Electric Co (LEV) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.22. LEV has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.15.
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Lion Electric Co (NYSE:LEV) trade information
Lion Electric Co (LEV) registered a -15.00% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -15.00% in intraday trading to $0.20, hitting a weekly high. The stock’s 5-day price performance is -39.88%, and it has moved by -68.05% in 30 days. Based on these gigs, the overall price performance for the year is -87.48%. The short interest in Lion Electric Co (NYSE:LEV) is 3.31 million shares and it means that shorts have 18.76 day(s) to cover.
The consensus price target of analysts on Wall Street is $1, which implies an increase of 80.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1 and $5 respectively. As a result, LEV is trading at a discount of -2400.0% off the target high and -400.0% off the low.
Lion Electric Co (LEV) estimates and forecasts
Statistics show that Lion Electric Co has outperformed its competitors in share price, compared to the industry in which it operates. Lion Electric Co (LEV) shares have gone down -80.49% during the last six months, with a year-to-date growth rate more than the industry average at -10.87% against -13.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -51.67% this quarter and then drop -23.24% in the quarter after that. In the rating firms’ projections, revenue will decrease -41.65% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 31.6M as predicted by 7 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 37.83M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 60.43M and 55.48M respectively. In this case, analysts expect current quarter sales to shrink by -47.70% and then drop by -31.81% in the coming quarter.
While earnings are projected to return -2.45% in 2024.
LEV Dividends
Lion Electric Co is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Lion Electric Co (NYSE:LEV)’s Major holders
Lion Electric Co insiders own 46.19% of total outstanding shares while institutional holders control 5.43%, with the float percentage being 10.08%. POWER CORP OF CANADA is the largest shareholder of the company, while 71.0 institutions own stock in it. As of 2024-06-30, the company held over 77.14 million shares (or 34.1039% of all shares), a total value of $70.09 million in shares.
The next largest institutional holding, with 4.29 million shares, is of FEDERATION DES CAISSES DESJARDINS DU QUEBEC’s that is approximately 1.8961% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.83 million.
Also, the Mutual Funds coming in first place with the largest holdings of Lion Electric Co (LEV) shares are DFA Investment Dimensions-Canadian Small Company Series and Victory Portfolios III-Victory Extended Market Index Fd. Data provided on Jul 31, 2024 indicates that DFA Investment Dimensions-Canadian Small Company Series owns about 110.66 shares. This amounts to just over 0.05 percent of the company’s overall shares, with a $23073.0 market value. The same data shows that the other fund manager holds slightly less at 14.97, or about 0.01% of the stock, which is worth about $3121.0.
