While Lion Electric Co has underperformed by -4.10%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LEV fell by -30.36%, with highs and lows ranging from $2.68 to $1.18, whereas the simple moving average fell by -35.85% in the last 200 days.
On August 04, 2023, National Bank Financial Downgraded Lion Electric Co (NYSE: LEV) to Sector Perform. A report published by R. F. Lafferty on March 27, 2023, Initiated its previous ‘Buy’ rating for LEV. BMO Capital Markets also rated LEV shares as ‘Market Perform’, setting a target price of $2 on the company’s shares in an initiating report dated March 20, 2023. Barclays Initiated an Equal Weight rating on February 15, 2023, and assigned a price target of $3. Northland Capital initiated its ‘Outperform’ rating for LEV, as published in its report on December 27, 2022. Canaccord Genuity’s report from October 21, 2022 suggests a price prediction of $2.50 for LEV shares, giving the stock a ‘Hold’ rating. B. Riley Securities also rated the stock as ‘Buy’.
Analysis of Lion Electric Co (LEV)
Further, the quarter-over-quarter increase in sales is 29.21%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Lion Electric Co’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -26.07% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.73, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and LEV is recording an average volume of 508.43K. On a monthly basis, the volatility of the stock is set at 6.00%, whereas on a weekly basis, it is put at 5.41%, with a loss of -10.69% over the past seven days. Furthermore, long-term investors anticipate a median target price of $2.55, showing growth from the present price of $1.17, 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?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 48.77%. 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 5.90% 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 5.90% at present.
