The Lion Electric Company (NYSE: LEV) stock jumped 4.17% on Friday to $2.50 against a previous-day closing price of $2.40. With 0.74 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.4 million shares. During the session, the Farm & Heavy Construction Machinery company that operates in wider Industrials sector, reached to the highest price of $2.5200 whereas the lowest price it dropped to was $2.4000. The 52-week range on LEV shows that it touched its highest point at $9.28 and its lowest point at $1.83 during that stretch. It currently has a 1-year price target of $4.10.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LEV was up-trending over the past week, with a rise of 15.21%, but this was up by 35.87% over a month. Three-month performance surged to 0.40% while six-month performance fell -50.88%. The stock lost -71.78% in the past year, while it has gained 11.61% so far this year. A look at the trailing 12-month EPS for LEV yields 0.26 with Next year EPS estimates of -0.48. For the next quarter, that number is -0.12. This implies an EPS growth rate of 48.30% for this year and -4700.00% for next year.
Float and Shares Shorts:
At present, 191.79 million LEV shares are outstanding with a float of 96.80 million shares on hand for trading. On Oct 13, 2022, short shares totaled 10.25 million, which was 5.39% higher than short shares on Sep 14, 2022. In addition to Mr. Marc Bedard as the firm’s Founder, CEO & Director, Mr. Nicolas Brunet serves as its Exec. VP & CFO.
Through their ownership of 8.65% of LEV’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.69% of LEV, in contrast to 4.54% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in LEV with 2.64% of the stake, Invesco Capital Management LLC holds 5,138,861 shares worth 5,138,861. A second-largest stockholder of LEV, National Bank Financial, Inc., holds 1,452,472 shares, controlling over 0.75% of the firm’s shares. First Trust Advisors LP is the third largest shareholder in LEV, holding 1,229,760 shares or 0.63% stake. With a 2.62% stake in LEV, the Invesco WilderHill Clean Energy E is the largest stakeholder. A total of 5,092,290 shares are owned by the mutual fund manager. The First Trust NASDAQ Clean Edge Gre, which owns about 0.60% of LEV stock, is the second-largest Mutual Fund holder. It holds 1,170,913 shares valued at 2.62 million. ALPS Clean Energy ETF holds 0.28% of the stake in LEV, owning 540,137 shares worth 1.21 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LEV since 10 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With LEV analysts setting a high price target of $7.00 and a low target of $2.00, the average target price over the next 12 months is $4.10. Based on these targets, LEV could surge 180.0% to reach the target high and fall by -20.0% to reach the target low. Reaching the average price target will result in a growth of 64.0% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. LEV will report FY 2022 earnings on 02/23/2024. Analysts have provided yearly estimates in a range of $0.02 being high and -$0.04 being low. For LEV, this leads to a yearly average estimate of -$0.01. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. The Lion Electric Company surprised analysts by $0.02 when it reported -$0.09 EPS against a consensus estimate of -$0.11. The surprise factor in the prior quarter was $0.26. Based on analyst estimates, the high estimate for the next quarter is -$0.09 and the low estimate is -$0.16. The average estimate for the next quarter is thus -$0.12.