While Lion Electric Co has underperformed by -5.21%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LEV fell by -67.43%, with highs and lows ranging from $1.99 to $0.53, whereas the simple moving average fell by -44.23% in the last 200 days.
On August 12, 2024, DA Davidson Downgraded Lion Electric Co (NYSE: LEV) to Neutral. A report published by National Bank Financial on August 04, 2023, Downgraded its rating to ‘Sector Perform’ for LEV. R. F. Lafferty also rated LEV shares as ‘Buy’, setting a target price of $7 on the company’s shares in an initiating report dated March 27, 2023. BMO Capital Markets Initiated an Market Perform rating on March 20, 2023, and assigned a price target of $2. Barclays initiated its ‘Equal Weight’ rating for LEV, as published in its report on February 15, 2023. Northland Capital’s report from December 27, 2022 suggests a price prediction of $5 for LEV shares, giving the stock a ‘Outperform’ rating. Canaccord Genuity also rated the stock as ‘Hold’.
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Analysis of Lion Electric Co (LEV)
Further, the quarter-over-quarter decrease in sales is -47.81%, showing a negative trend in the upcoming months.
One of the most important indicators of Lion Electric Co’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -31.53% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.53, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and LEV is recording 221.05K average volume. On a monthly basis, the volatility of the stock is set at 5.79%, whereas on a weekly basis, it is put at 5.79%, with a loss of -6.51% over the past seven days. Furthermore, long-term investors anticipate a median target price of $0.96, showing growth from the present price of $0.57, which can serve as yet another indication of whether LEV is worth investing in or should be passed over.
How Do You Analyze Lion Electric Co Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 46.95%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 5.71% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
LEV shares are owned by institutional investors to the tune of 5.71% at present.
