In today’s recent session, 2.02 million shares of the Lion Electric Co (NYSE:LEV) have been traded, and its beta is 1.81. Most recently the company’s share price was $0.34, and it changed around -$0.02 or -5.60% from the last close, which brings the market valuation of the company to $82.88M. LEV at last check was trading at a discount to its 52-week high of $1.99, offering almost -485.29% off that amount. The share price’s 52-week low was $0.18, which indicates that the recent value has risen by an impressive 47.06% since then. We note from Lion Electric Co’s average daily trading volume that its 10-day average is 32.02 million shares, with the 3-month average coming to 5.42 million.
Lion Electric Co stock received a consensus recommendation rating of Hold, based on a mean score of 3.57. If we narrow it down even further, the data shows that 1 out of 6 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended LEV as a Hold, whereas 0 deemed it a Buy, and 1 rated it as Underweight. Lion Electric Co is expected to report earnings per share of -0.15 for the current quarter.
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Lion Electric Co (NYSE:LEV) trade information
Instantly LEV has been showing red trend so far today with a performance of -5.60% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.4279 on recent trading dayincreased the stock’s daily price by 20.54%. The company’s shares are currently down -80.77% year-to-date, but still up 18.61% over the last five days. On the other hand, Lion Electric Co (NYSE:LEV) is -17.44% down in the 30-day period. We can see from the shorts that 2.93 million shares have been sold at a short interest cover period of 7.51 day(s).
The consensus price target as assigned by Wall Street analysts is $1, which translates to bulls needing to increase their stock price by 66.0% from its current value. Analyst projections state that LEV is forecast to be at a low of $1 and a high of $1.
Lion Electric Co (LEV) estimates and forecasts
Lion Electric Co share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -69.61 percent over the past six months and at a -13.04% annual growth rate that is well below the industry average of -10.90%. The year-over-year growth rate is expected to be -41.49%, down from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 32.02M in revenue for the current quarter. 2 analysts expect Lion Electric Co to make 38.75M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 60.43M and 55.48M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -47.02%. Forecasts for the next quarter put sales growth at -30.16%.
LEV Dividends
Lion Electric Co’s next quarterly earnings report is expected to be released in January.
Lion Electric Co (NYSE:LEV)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 46.19% of Lion Electric Co shares, and 5.43% of them are in the hands of institutional investors. The stock currently has a share float of 10.09%. Lion Electric Co stock is held by 72.0 institutions, with POWER CORP OF CANADA being the largest institutional investor. By 2024-06-30, it held 34.1039% of the shares, which is about 77.14 million shares worth $70.09 million.
FEDERATION DES CAISSES DESJARDINS DU QUEBEC, with 1.8961% or 4.29 million shares worth $3.83 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
DFA Investment Dimensions-Canadian Small Company Series and Victory Portfolios III-Victory Extended Market Index Fd were the top two Mutual Funds as of Jul 31, 2024. The former held 110.66 shares worth $37934.0, making up 0.05% of all outstanding shares. On the other hand, Victory Portfolios III-Victory Extended Market Index Fd held roughly 14.97 shares worth around $5131.0, which represents about 0.01% of the total shares outstanding.
