Lion Electric Co (NYSE: LEV) Has Another Chance To Impress You

Currently, there are 226.22M common shares owned by the public and among those 120.00M shares have been available to trade.

The company’s stock has a 5-day price change of 30.45% and -63.21% over the past three months. LEV shares are trading -83.79% year to date (YTD), with the 12-month market performance down to -81.95% lower. It has a 12-month low price of $0.18 and touched a high of $1.99 over the same period. LEV has an average intraday trading volume of 515.62K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -13.24%, -45.63%, and -67.97% respectively.

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Institutional ownership of Lion Electric Co (NYSE: LEV) shares accounts for 4.50% of the company’s 226.22M shares outstanding.

It has a market capitalization of $59.51M and a beta (3y monthly) value of 1.85. The earnings-per-share (ttm) stands at -$0.58. Price movements for the stock have been influenced by the stock’s volatility, which stands at 39.73% over the week and 22.08% over the month.

Earnings per share for the fiscal year are expected to decrease by -2.48%, and 13.64% over the next financial year.

Looking at the support for the LEV, a number of firms have released research notes about the stock. DA Davidson stated their Neutral rating for the stock in a research note on August 12, 2024, with the firm’s price target at $1.50-$1. National Bank Financial coverage for the Lion Electric Co (LEV) stock in a research note released on August 04, 2023 offered a Sector Perform rating with a price target of $2.75. R. F. Lafferty was of a view on March 27, 2023 that the stock is Buy, while BMO Capital Markets gave the stock Market Perform rating on March 20, 2023, issuing a price target of $2. Barclays on their part issued Equal Weight rating on February 15, 2023.

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