The Lion Electric Company (NYSE:LEV - Free Report) - B. Riley decreased their Q3 2024 earnings per share (EPS) estimates for shares of Lion Electric in a report released on Tuesday, April 30th. B. Riley analyst C. Souther now anticipates that the company will post earnings per share of ($0.05) for the quarter, down from their previous forecast of ($0.04). The consensus estimate for Lion Electric's current full-year earnings is ($0.25) per share. B. Riley also issued estimates for Lion Electric's Q4 2024 earnings at ($0.04) EPS, FY2024 earnings at ($0.28) EPS and FY2025 earnings at $0.12 EPS.
Several other research firms have also recently weighed in on LEV. Roth Mkm reaffirmed a "buy" rating and issued a $2.50 price target (down previously from $5.00) on shares of Lion Electric in a report on Tuesday, April 23rd. Desjardins lowered Lion Electric from a "buy" rating to a "hold" rating and decreased their target price for the stock from $4.00 to $2.50 in a research note on Friday, March 1st. CIBC dropped their price target on Lion Electric from $1.70 to $1.40 and set a "neutral" rating for the company in a research report on Monday, April 22nd. National Bankshares cut their price objective on Lion Electric from $2.25 to $1.75 and set a "sector perform" rating for the company in a report on Friday, March 1st. Finally, DA Davidson lowered their target price on shares of Lion Electric from $4.00 to $3.50 and set a "buy" rating on the stock in a research note on Tuesday, March 5th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lion Electric has a consensus rating of "Hold" and an average target price of $2.34.
Check Out Our Latest Stock Report on LEV
Lion Electric Price Performance
NYSE LEV traded up $0.02 on Thursday, hitting $0.96. The stock had a trading volume of 164,707 shares, compared to its average volume of 518,984. The firm has a 50-day moving average of $1.28 and a 200-day moving average of $1.58. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 2.45. Lion Electric has a 52-week low of $0.88 and a 52-week high of $2.68. The company has a market capitalization of $217.27 million, a price-to-earnings ratio of -2.09 and a beta of 2.12.
Lion Electric (NYSE:LEV - Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.03). The firm had revenue of $60.43 million during the quarter, compared to the consensus estimate of $93.39 million. Lion Electric had a negative net margin of 40.93% and a negative return on equity of 22.01%.
Hedge Funds Weigh In On Lion Electric
A number of large investors have recently modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Lion Electric by 7.0% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 250,935 shares of the company's stock worth $479,000 after purchasing an additional 16,356 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Lion Electric by 9.5% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 191,436 shares of the company's stock worth $366,000 after buying an additional 16,683 shares during the period. Atria Wealth Solutions Inc. increased its holdings in shares of Lion Electric by 20.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 103,310 shares of the company's stock worth $183,000 after buying an additional 17,285 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Lion Electric by 50.0% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 31,829 shares of the company's stock valued at $61,000 after acquiring an additional 10,610 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Lion Electric by 75.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,599 shares of the company's stock valued at $52,000 after acquiring an additional 12,712 shares during the period. 52.73% of the stock is owned by hedge funds and other institutional investors.
About Lion Electric
(
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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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