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We Analyzed the Future Direction of The Lion Electric Company (LEV), Here is What We Found

The Lion Electric Company (NYSE:LEV) went up by 5.41% from its latest closing price compared to the recent 1-year high of $9.21. The company’s stock price has collected 7.48% of gains in the last five trading sessions.

Is It Worth Investing in The Lion Electric Company (NYSE :LEV) Right Now?

The Lion Electric Company (NYSE:LEV) scored a price-to-earnings ratio above its average ratio, recording 10.50 x from its present earnings ratio. Opinions of the stock are interesting as 5 analysts out of 10 who provided ratings for The Lion Electric Company declared the stock was a “buy,” while 0 rated the stock as “overweight,” 4 rated it as “hold,” and 1 as “sell.”

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The average price from analysts is $4.10, which is $1.37 above the current price. LEV currently public float of 96.80M and currently shorts hold a 12.03% ratio of that float. Today, the average trading volume of LEV was 1.40M shares.

LEV’s Market Performance

LEV stocks went up by 7.48% for the week, with a monthly jump of 33.17% and a quarterly performance of 10.08%, while its annual performance rate touched -65.96%. The volatility ratio for the week stands at 7.07% while the volatility levels for the past 30 days are set at 7.20% for The Lion Electric Company. The simple moving average for the period of the last 20 days is 23.06% for LEV stocks with a simple moving average of -33.03% for the last 200 days.

Analysts’ Opinion of LEV

Many brokerage firms have already submitted their reports for LEV stocks, with Northland Capital repeating the rating for LEV by listing it as a “Outperform.” The predicted price for LEV in the upcoming period, according to Northland Capital is $5 based on the research report published on December 27th of the previous year 2022.

Canaccord Genuity, on the other hand, stated in their research note that they expect to see LEV reach a price target of $2.50, previously predicting the price at $8. The rating they have provided for LEV stocks is “Hold” according to the report published on October 21st, 2022.

B. Riley Securities gave a rating of “Buy” to LEV, setting the target price at $5 in the report published on September 27th of the previous year.

LEV Trading at 7.50% from the 50-Day Moving Average

After a stumble in the market that brought LEV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -70.36% of loss for the given period.

Volatility was left at 7.20%, however, over the last 30 days, the volatility rate increased by 7.07%, as shares surge +35.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.60% lower at present.

During the last 5 trading sessions, LEV rose by +7.48%, which changed the moving average for the period of 200-days by -66.00% in comparison to the 20-day moving average, which settled at $2.25. In addition, The Lion Electric Company saw 21.88% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for LEV

Equity return is now at value 13.00, with 8.60 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 0.71.

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