Company’s 36-month beta value is 2.02.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for LEV is 115.88M, and currently, short sellers hold a 5.42% ratio of that floaft. The average trading volume of LEV on April 12, 2024 was 512.24K shares.
LEV) stock’s latest price update
The stock of Lion Electric Co (NYSE: LEV) has decreased by -4.69 when compared to last closing price of 1.28.Despite this, the company has seen a loss of -8.96% in its stock price over the last five trading days. PRNewsWire reported 2024-03-08 that MONTREAL, QC, March 8, 2024 /PRNewswire/ – The Lion Electric Company (NYSE: LEV) (TSX: LEV) (“Lion” or the “Company”), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today that the Company will be presenting at the following investor conference: ROTH MKM – 36th Annual ROTH Conference Date: March 17-19, 2024 Location: Dana Point, CA ABOUT LION ELECTRIC Lion Electric is an innovative manufacturer of zero-emission vehicles. The company creates, designs and manufactures all-electric class 5 to class 8 commercial urban trucks and all-electric school buses.
LEV’s Market Performance
Lion Electric Co (LEV) has seen a -8.96% fall in stock performance for the week, with a -9.63% decline in the past month and a -31.07% plunge in the past quarter. The volatility ratio for the week is 4.29%, and the volatility levels for the past 30 days are at 5.93% for LEV. The simple moving average for the past 20 days is -7.99% for LEV’s stock, with a -33.23% simple moving average for the past 200 days.
Analysts’ Opinion of LEV
Many brokerage firms have already submitted their reports for LEV stocks, with National Bank Financial repeating the rating for LEV by listing it as a “Sector Perform.” The predicted price for LEV in the upcoming period, according to National Bank Financial is $2.75 based on the research report published on August 04, 2023 of the previous year 2023.
R. F. Lafferty, on the other hand, stated in their research note that they expect to see LEV reach a price target of $7. The rating they have provided for LEV stocks is “Buy” according to the report published on March 27th, 2023.
BMO Capital Markets gave a rating of “Market Perform” to LEV, setting the target price at $2 in the report published on March 20th of the previous year.
LEV Trading at -19.42% 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 -54.48% of loss for the given period.
Volatility was left at 5.93%, however, over the last 30 days, the volatility rate increased by 4.29%, as shares sank -6.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -32.60% lower at present.
During the last 5 trading sessions, LEV fell by -8.96%, which changed the moving average for the period of 200-days by -34.41% in comparison to the 20-day moving average, which settled at $1.3220. In addition, Lion Electric Co saw -31.07% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for LEV
Current profitability levels for the company are sitting at:
- -0.3 for the present operating margin
- -0.02 for the gross margin
The net margin for Lion Electric Co stands at -0.38. The total capital return value is set at -0.11. Equity return is now at value -26.07, with -13.38 for asset returns.
Based on Lion Electric Co (LEV), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at -0.47. The debt to equity ratio resting at 0.65. The interest coverage ratio of the stock is -4.31.
Currently, EBITDA for the company is -50.58 million with net debt to EBITDA at -5.66. When we switch over and look at the enterprise to sales, we see a ratio of 2.22. The receivables turnover for the company is 3.35for trailing twelve months and the total asset turnover is 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.45.
Conclusion
In a nutshell, Lion Electric Co (LEV) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
