Lion Electric (LEV) Scheduled to Post Earnings on Wednesday

by · The Cerbat Gem

Lion Electric (TSE:LEV – Get Free Report) is scheduled to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Lion Electric to post earnings of C($0.18) per share for the quarter.

Lion Electric Stock Down 1.2 %

Lion Electric stock traded down C$0.01 during mid-day trading on Tuesday, reaching C$0.82. The company’s stock had a trading volume of 47,461 shares, compared to its average volume of 303,419. The company has a debt-to-equity ratio of 118.61, a quick ratio of 1.33 and a current ratio of 2.49. Lion Electric has a 12 month low of C$0.75 and a 12 month high of C$2.67. The business’s 50 day simple moving average is C$0.95 and its 200 day simple moving average is C$1.14. The company has a market capitalization of C$185.50 million, a price-to-earnings ratio of -1.17 and a beta of 2.59.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LEV shares. DA Davidson downgraded Lion Electric from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 12th. Roth Capital cut Lion Electric from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 31st. CIBC cut their price objective on Lion Electric from C$1.15 to C$0.65 and set a “neutral” rating for the company in a report on Thursday, August 1st. Desjardins lowered their target price on shares of Lion Electric from C$1.50 to C$1.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. Finally, National Bankshares cut their price target on shares of 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$0.82.

Get Our Latest Stock Report on LEV

Lion Electric Company Profile

(Get Free Report)

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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