Lion Electric (LEV) Set to Announce Earnings on Wednesday

Lion Electric (TSE:LEV) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of C($0.18) per share for the quarter.

Lion Electric Stock Performance

TSE LEV traded down C$0.01 during 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 firm has a 50 day moving average price of C$0.95 and a 200 day moving average price of C$1.14. Lion Electric has a 12 month low of C$0.75 and a 12 month high of C$2.67. The firm has a market capitalization of C$185.50 million, a price-to-earnings ratio of -1.17 and a beta of 2.59. The company has a current ratio of 2.49, a quick ratio of 1.33 and a debt-to-equity ratio of 118.61.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. CIBC reduced their price target on Lion Electric from C$1.15 to C$0.65 and set a “neutral” rating on the stock in a research report on Thursday, August 1st. Roth Capital lowered Lion Electric from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 31st. Desjardins dropped their price target 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. National Bankshares reduced their price objective on shares of Lion Electric from C$1.00 to C$0.80 and set an “underperform” rating on the stock in a research note on Thursday, August 1st. Finally, DA Davidson lowered shares of Lion Electric from a “strong-buy” rating to a “hold” rating in a report on Monday, August 12th. One equities research 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, Lion Electric currently has a consensus rating of “Hold” and a consensus target price of C$0.82.

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.