Lion Electric Co (NYSE:LEV) has a beta value of 1.77 and has seen 2.31 million shares traded in the recent trading session. The company, currently valued at $59.52M, closed the recent trade at $0.27 per share which meant it lost -$0.06 on the day or -19.53% during that session. The LEV stock price is -637.04% off its 52-week high price of $1.99 and 33.33% above the 52-week low of $0.18. If we look at the company’s 10-day average daily trading volume, we find that it stood at 32.66 million shares traded. The 3-month trading volume is 5.59 million shares.
The consensus among analysts is that Lion Electric Co (LEV) is Hold stock at the moment, with a recommendation rating of 3.57. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.15.
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Lion Electric Co (NYSE:LEV) trade information
Sporting -19.53% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the LEV stock price touched $0.27 or saw a rise of 26.83%. Year-to-date, Lion Electric Co shares have moved -84.84%, while the 5-day performance has seen it change -19.19%. Over the past 30 days, the shares of Lion Electric Co (NYSE:LEV) have changed -25.47%. Short interest in the company has seen 2.31 million shares shorted with days to cover at 2.22.
Wall Street analysts have a consensus price target for the stock at $1, which means that the shares’ value could jump 73.0% from the levels at last check today. The projected low price target is $1.0 while the price target rests at a high of $1.0. In that case, then, we find that the latest price level in today’s session is -270.37% off the targeted high while a plunge would see the stock gain -270.37% from the levels at last check today.
Lion Electric Co (LEV) estimates and forecasts
Figures show that Lion Electric Co shares have underperformed across the wider relevant industry. The company’s shares have lost -74.20% over the past 6 months, with this year growth rate of -13.04%, compared to -10.90% for the industry. Revenue growth from the last financial year stood is estimated to be -41.49%.
6 analysts offering their estimates for the company have set an average revenue estimate of 32.02M for the current quarter. 2 have an estimated revenue figure of 38.75M for the next ending quarter. Year-ago sales stood 60.43M and 55.48M respectively for this quarter and the next, and analysts expect sales will shrink by -47.02% for the current quarter and -41.49% for the next.
LEV Dividends
Lion Electric Co is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Lion Electric Co (NYSE:LEV)’s Major holders
Insiders own 46.19% of the company shares, while shares held by institutions stand at 5.43% with a share float percentage of 10.09%. Investors are also buoyed by the number of investors in a company, with Lion Electric Co having a total of 72.0 institutions that hold shares in the company. The top two institutional holders are POWER CORP OF CANADA with over 77.14 million shares worth more than $70.09 million. As of 2024-06-30, POWER CORP OF CANADA held 34.1039% of shares outstanding.
The other major institutional holder is FEDERATION DES CAISSES DESJARDINS DU QUEBEC, with the holding of over 4.29 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.83 million and represent 1.8961% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are DFA Investment Dimensions-Canadian Small Company Series and Victory Portfolios III-Victory Extended Market Index Fd. As of Jul 31, 2024, the former fund manager holds about 0.05% shares in the company for having 110.66 shares of worth $30022.0 while later fund manager owns 14.97 shares of worth $4061.0 as of Jul 31, 2024, which makes it owner of about 0.01% of company’s outstanding stock.
