In the latest trading session, 57.9 million Lion Electric Co (NYSE:LEV) shares changed hands as the company’s beta touched 1.85. With the company’s most recent per share price at $0.41 changing hands around $0.23 or 119.72% at last look, the market valuation stands at $84.10M. LEV’s current price is a discount, trading about -385.37% off its 52-week high of $1.99. The share price had its 52-week low at $0.18, which suggests the last value was 56.1% up since then. When we look at Lion Electric Co’s average trading volume, we note the 10-day average is 1.68 million shares, with the 3-month average coming to 515.62K.
Analysts gave the Lion Electric Co (LEV) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.25. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended LEV as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Lion Electric Co’s EPS for the current quarter is expected to be -0.15.
Lion Electric Co (NYSE:LEV) trade information
Instantly LEV is in green as seen in intraday trades today. With action 84.36%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -77.08%, with the 5-day performance at 84.36% in the green. However, in the 30-day time frame, Lion Electric Co (NYSE:LEV) is -33.52% down. Looking at the short shares, we see there were 2.93 million shares sold at short interest cover period of 7.51 days.
The consensus price target for the stock as assigned by Wall Street analysts is 1, meaning bulls need an upside of 59.0% from its recent market value. According to analyst projections, LEV’s forecast low is 1 with 5 as the target high. To hit the forecast high, the stock’s price needs a -1119.51% plunge from its current level, while the stock would need to soar -143.9% for it to hit the projected low.
Lion Electric Co (LEV) estimates and forecasts
Data shows that the Lion Electric Co share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -65.03% over the past 6 months, a -10.87% in annual growth rate that is considerably higher than the industry average of -11.10%. Year-over-year growth is forecast to reach -41.49% down from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 32.02M. 2 analysts are of the opinion that Lion Electric Co’s revenue for the current quarter will be 38.75M. The company’s revenue for the corresponding quarters a year ago was 60.43M and 55.48M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -47.02%. The estimates for the next quarter sales put growth at -30.16%. The 2024 estimates are for Lion Electric Co earnings to decrease by -2.48%.
Lion Electric Co (NYSE:LEV)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 46.19% of Lion Electric Co shares while 5.43% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 10.09%. There are 5.43% institutions holding the Lion Electric Co stock share, with POWER CORP OF CANADA the top institutional holder. As of 2024-06-30, the company held 34.1039% of the shares, roughly 77.14 million LEV shares worth $70.09 million.
FEDERATION DES CAISSES DESJARDINS DU QUEBEC holds the second largest percentage of outstanding shares, with 1.8961% or 4.29 million shares worth $3.83 million as of 2024-06-30.
