Lion Electric Co (NYSE: LEV) is -89.38% lower on its value in year-to-date trading and has touched a low of $0.22 and a high of $1.99 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LEV stock was last observed hovering at around $0.24 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $0.19, the stock is -59.99% and -68.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.21 million and changing -22.63% at the moment leaves the stock -80.21% off its SMA200. LEV registered -88.81% loss for a year compared to 6-month loss of -81.57%. The firm has a 50-day simple moving average (SMA 50) of $0.61108 and a 200-day simple moving average (SMA200) of $0.95774.
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The stock witnessed a -71.14% gain in the last 1 month and extending the period to 3 months gives it a -71.52%, and is -48.29% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 17.31% over the week and 10.51% over the month.
Lion Electric Co (LEV) has around 1350 employees, a market worth around $42.53M and $176.81M in sales. Profit margin for the company is -74.35%. Distance from 52-week low is -15.92% and -90.55% from its 52-week high. The company has generated returns on investments over the last 12 months (-25.74%).
The EPS is expected to shrink by -2.45% this year
71.0 institutions hold shares in Lion Electric Co (LEV), with institutional investors hold 10.08% of the company’s shares. The shares outstanding are 218.08M, and float is at 120.00M with Short Float at 2.75%. Institutions hold 5.43% of the Float.
The top institutional shareholder in the company is POWER CORP OF CANADA with over 77.14 million shares valued at $70.09 million. The investor’s holdings represent 34.1039 of the LEV Shares outstanding. As of 2024-06-30, the second largest holder is FEDERATION DES CAISSES DESJARDINS DU QUEBEC with 4.29 million shares valued at $3.83 million to account for 1.8961 of the shares outstanding. The other top investors are NATIONAL BANK OF CANADA /FI/ which holds 1.97 million shares representing 0.8713 and valued at over $1.75 million, while MILLENNIUM MANAGEMENT LLC holds 0.3627 of the shares totaling 0.82 million with a market value of $0.74 million.
