Lion Electric Co (NYSE:LEV)’s traded shares stood at 12.55 million during the last session, with the company’s beta value hitting 1.77. At the close of trading, the stock’s price was $0.39, to imply an increase of 19.63% or $0.06 in intraday trading. The LEV share’s 52-week high remains $1.99, putting it -410.26% down since that peak but still an impressive 53.85% since price per share fell to its 52-week low of $0.18. The company has a valuation of $88.23M, with an average of 28.58 million shares in intraday trading volume over the past 10 days and average of 4.73 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Lion Electric Co (LEV), translating to a mean rating of 3.57. Of 1 analyst(s) looking at the stock, 0 analyst(s) give LEV a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.15.
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Lion Electric Co (NYSE:LEV) trade information
After registering a 19.63% upside in the last session, Lion Electric Co (LEV) has traded red over the past five days. The 5-day price performance for the stock is 91.36%, and -33.95% over 30 days. With these gigs, the year-to-date price performance is -77.97%. Short interest in Lion Electric Co (NYSE:LEV) saw shorts transact 2.93 million shares and set a 7.51 days time to cover.
The extremes give us $1 and $1 for target low and target high price respectively. As such, LEV has been trading -156.41% off suggested target high and -156.41% from its likely low.
Lion Electric Co (LEV) estimates and forecasts
Looking at statistics comparing Lion Electric Co share performance against respective industry, we note that the company has outperformed competitors. Lion Electric Co (LEV) shares are -66.38% down over the last 6 months, with its year-to-date growth rate higher than industry average at -10.87% against -11.10%. The rating firms project that company’s revenue will shrink -41.49% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is 32.02M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 38.75M.Earnings reports from the last fiscal year show that sales brought in 60.43M and 55.48M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -47.02% before dropping -30.16% in the following quarter.
LEV Dividends
Lion Electric Co has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Lion Electric Co (NYSE:LEV)’s Major holders
Lion Electric Co insiders hold 46.19% of total outstanding shares, with institutional holders owning 5.43% of the shares at 10.09% float percentage. In total, 5.43% institutions holds shares in the company, led by POWER CORP OF CANADA. As of 2024-06-30, the company held over 77.14 million shares (or 34.1039% of shares), all amounting to roughly $70.09 million.
The next major institution holding the largest number of shares is FEDERATION DES CAISSES DESJARDINS DU QUEBEC with 4.29 million shares, or about 1.8961% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.83 million.
