The Lion Electric Company (LEV) Performance and Fundamentals Dashboard tells a completely different story

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.

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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.

Institutional Ownership:

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.


Analysts Ratings:

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.

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