Hood River Capital Management LLC recently announced the acquisition of new stake in Lilium N.V (NASDAQ:LILM). This fresh investment now brings its stake to 2.22% valued currently at $6.99 million. In addition, Alyeska Investment Group LP raised its holdings by 4.36 million to 4.36 million shares. And B. Riley Capital Management LLC has lifted its position by 297.24% or 3.25 million shares – to 4.35 million shares.
With over 4.55 million Lilium N.V (LILM) shares trading Tuesday and a closing price of $1.27 on the day, the dollar volume was approximately $5.78 million. The shares have shown a negative half year performance of -7.97% and its price on 12/12/23 lost nearly -3.79%. Currently, there are 369.82M common shares owned by the public and among those 227.97M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for LILM have a consensus price objective of $2.25. The analysts have set the share’s price value over the next 12 months at a high of $3.00 and a low of $0.75. The average price target is 43.56% above its recent price level and a downside to the estimated low will see the stock lose -69.33% over that period. But an upside of 57.67% will see the stock hit the forecast high price target while median target price for the stock is $3.00.
Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Lilium N.V are Hood River Small-Cap Growth Fund, Fidelity Nasdaq Composite Index E, and Fidelity Nasdaq Composite Index F. Hood River Small-Cap Growth Fund owns 5.97 million shares of the company’s stock, all valued at over $3.81 million. The company bought an additional 5.97 million shares recently to bring their total holdings to about 1.21% of the shares outstanding. Fidelity Nasdaq Composite Index E bought 0.17 million shares to see its total holdings expand to 0.45 million shares valued at over $0.29 million and representing 0.09% of the shares outstanding. Fidelity Nasdaq Composite Index F now owns shares totaling to 0.06% of the shares outstanding.
Shares of Lilium N.V (NASDAQ: LILM) opened at $1.33, up $0.01 from a prior closing price of $1.32. However, the script later moved the day high at 1.3695, down -3.79%. The company’s stock has a 5-day price change of 25.74% and 22.12% over the past three months. LILM shares are trading 11.40% year to date (YTD), with the 12-month market performance up to 5.83% higher. It has a 12-month low price of $0.37 and touched a high of $1.90 over the same period. LILM has an average intraday trading volume of 4.01 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 25.91%, 54.28%, and 31.42% respectively.
Institutional ownership of Lilium N.V (NASDAQ: LILM) shares accounts for 6.74% of the company’s 369.82M shares outstanding. Mutual fund holders own 1.45%, while other institutional holders and individual stakeholders account for 5.60% and — respectively.
It has a market capitalization of $659.08M and a beta (3y monthly) value of 2.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 13.11% over the week and 9.33% over the month.
Analysts forecast that Lilium N.V (LILM) will achieve an EPS of -$0.13 for the current quarter, -$0.14 for the next quarter and -$0.59 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.15 while analysts give the company a high EPS estimate of -$0.12. Earnings per share for the fiscal year are expected to decrease by -25.27%, and 40.28% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Lilium N.V (LILM) as a “Moderate Buy” at a consensus score of 2.60. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 2 of the 5 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the LILM, a number of firms have released research notes about the stock. B. Riley Securities stated their Buy rating for the stock in a research note on August 01, 2023, with the firm’s price target at $3.
