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.