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Bullboard - Stock Discussion Forum Lion Electric Ord Shs LEGWQ


Primary Symbol: T.LEV Alternate Symbol(s):  LEVGQ | T.LEV.WT | LEVWQ | T.LEV.WT.A

The Lion Electric Company is a 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. It is engaged in electric transportation and designs, builds and assembles many of its vehicles' components, including chassis, battery packs, truck cabins and bus bodies. Each Lion vehicle is... see more

TSX:LEV - Post Discussion

Lion Electric Ord Shs > Online Review
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Post by Tim2Agami on Sep 01, 2022 3:10pm

Online Review

Copied from Market Beat 01 September 2022

https://www.marketbeat.com/instant-alerts/nyse-lev-options-data-report-2022-09//


The Lion Electric Company (NYSE:LEV - Get Rating) was the recipient of a large drop in short interest in August. As of August 15th, there was short interest totalling 6,830,000 shares, a drop of 7.3% from the July 31st total of 7,370,000 shares. Currently, 14.6% of the shares of the stock are sold short. Based on an average daily volume of 738,000 shares, the days-to-cover ratio is presently 9.3 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business.

Shell Asset Management Co. acquired a new stake in shares of Lion Electric in the fourth quarter valued at $48,000.

XTX Topco Ltd acquired a new stake in shares of Lion Electric in the first quarter valued at $96,000.

Prelude Capital Management LLC acquired a new stake in shares of Lion Electric in the second quarter valued at $52,000.

MQS Management LLC acquired a new stake in shares of Lion Electric in the first quarter valued at $122,000.

Finally, Keebeck Alpha LP acquired a new stake in shares of Lion Electric in the second quarter valued at $66,000.

Institutional investors and hedge funds own 43.83% of the company's stock.

NYSE:LEV opened at $3.84 on Thursday 01 September 2022

Lion Electric has a 12-month low of $3.75 and a 12-month high of $14.77.

The firm has a market capitalization of $729.61 million, a P/E ratio of 4.09 and a beta of 2.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.57 and a quick ratio of 1.59. The business has a 50 day simple moving average of $4.64 and a 200 day simple moving average of $6.07.

 

Lion Electric (NYSE:LEV - Get Rating) last released its quarterly earnings data on Friday, August 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.09) by $0.01. Lion Electric had a negative return on equity of 10.16% and a net margin of 219.51%. The business had revenue of $29.52 million during the quarter, compared to analyst estimates of $30.38 million. Equities research analysts predict that Lion Electric will post -0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

 

Several equities analysts have recently weighed in on the company.

Raymond James reduced their price objective on Lion Electric from $7.50 to $5.00 and set a "market perform" rating on the stock in a research note on Monday, August 8th.

Barclays reduced their price objective on Lion Electric from $17.00 to $10.00 and set an "overweight" rating on the stock in a research note on Thursday, May 19th.

Veritas Investment Research assumed coverage on Lion Electric in a research report on Thursday, August 25th. They set a "sell" rating on the stock.

CIBC lowered Lion Electric from a "sector outperform" rating to a "neutral" rating and set a $9.00 price target on the stock. in a research report on Thursday, June 2nd.

Finally, DA Davidson assumed coverage on Lion Electric in a research report on Tuesday, June 28th. They set a "buy" rating and a $7.00 price target on the stock.

One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock.

According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $9.95.

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