The Lion Electric Company (TSE:LEV – Get Free Report) dropped 1% during trading on Wednesday . The company traded as low as C$0.99 and last traded at C$1.01. Approximately 291,729 shares were traded during trading, a decline of 11% from the average daily volume of 327,427 shares. The stock had previously closed at C$1.02.
Analyst Ratings Changes
LEV has been the topic of a number of analyst reports. Roth Capital downgraded Lion Electric from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 31st. B. Riley upgraded Lion Electric to a “strong-buy” rating in a research note on Tuesday, June 25th. National Bankshares decreased their target price on Lion Electric from C$1.00 to C$0.80 and set an “underperform” rating for the company in a research note on Thursday, August 1st. Desjardins decreased their target price on Lion Electric from C$1.50 to C$1.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. Finally, DA Davidson downgraded Lion Electric from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$0.82.
View Our Latest Research Report on Lion Electric
Lion Electric Price Performance
Lion Electric (TSE:LEV – Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported C($0.25) EPS for the quarter, missing the consensus estimate of C($0.17) by C($0.08). The firm had revenue of C$41.43 million during the quarter, compared to analyst estimates of C$84.15 million. Lion Electric had a negative net margin of 51.81% and a negative return on equity of 31.53%. As a group, equities research analysts forecast that The Lion Electric Company will post -0.48 earnings per share for the current year.
About Lion Electric
The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. The company's products include battery systems, chassis, bus bodies, and truck cabins. It distributes truck and bus parts, as well as accessories.
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