In last trading session, Lion Electric Co (NYSE:LEV) saw 1.05 million shares changing hands with its beta currently measuring 1.88. Company’s recent per share price level of $0.20 trading at $0.0 or -1.18% at ring of the bell on the day assigns it a market valuation of $45.02M. That closing price of LEV’s stock is at a discount of -895.0% from its 52-week high price of $1.99 and is indicating a premium of 10.0% from its 52-week low price of $0.18. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.63 million shares which gives us an average trading volume of 492.95K if we extend that period to 3-months.
For Lion Electric Co (LEV), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.25. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.15 in the current quarter.
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Lion Electric Co (NYSE:LEV) trade information
Upright in the red during last session for losing -1.18%, in the last five days LEV remained trading in the green while hitting it’s week-highest on Thursday, 11/21/24 when the stock touched $0.20 price level, adding 25.46% to its value on the day. Lion Electric Co’s shares saw a change of -88.62% in year-to-date performance and have moved 7.13% in past 5-day. Lion Electric Co (NYSE:LEV) showed a performance of -67.50% in past 30-days. Number of shares sold short was 2.93 million shares which calculate 7.51 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 1 to the stock, which implies a rise of 80.0% to its current value. Analysts have been projecting 1 as a low price target for the stock while placing it at a high target of 5. It follows that stock’s current price would drop -400.0% in reaching the projected high whereas dropping to the targeted low would mean a loss of -400.0% for stock’s current value.
Lion Electric Co (LEV) estimates and forecasts
Statistics highlight that Lion Electric Co is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -81.52% of value to its shares in past 6 months, showing an annual growth rate of -10.87% while that of industry is -12.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -41.49% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 32.02M for the same. And 2 analysts are in estimates of company making revenue of 38.75M in the next quarter. Company posted 60.43M and 55.48M of sales in current and next quarters respectively a year earlier.
Lion Electric Co (NYSE:LEV)’s Major holders
Insiders are in possession of 46.19% of company’s total shares while institution are holding 5.43 percent of that, with stock having share float percentage of 10.09%. Investors also watch the number of corporate investors in a company very closely, which is 5.43% institutions for Lion Electric Co that are currently holding shares of the company. POWER CORP OF CANADA is the top institutional holder at LEV for having 77.14 million shares of worth $70.09 million. And as of 2024-06-30, it was holding 34.1039 of the company’s outstanding shares.
The second largest institutional holder is FEDERATION DES CAISSES DESJARDINS DU QUEBEC, which was holding about 4.29 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.8961 of outstanding shares, having a total worth of $3.83 million.
On the other hand, DFA Investment Dimensions-Canadian Small Company Series and Victory Portfolios III-Victory Extended Market Index Fd are the top two Mutual Funds which own company’s shares. As of Jul 31, 2024 , the former fund manager was holding 110.66 shares of worth $22287.0 or 0.05% of the total outstanding shares. The later fund manager was in possession of 14.97 shares on Jul 31, 2024 , making its stake of worth around $3014.0 in the company or a holder of 0.01% of company’s stock.
