It is Poised to be a Bull Market for The Lion Electric Company (LEV)

The Lion Electric Company (NYSE: LEV) stock fell -1.52% on Wednesday to $1.95 against a previous-day closing price of $1.98. With 0.53 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.87 million shares. During the session, the Farm & Heavy Construction Machinery company that operates in wider Industrials sector, reached to the highest price of $2.0000 whereas the lowest price it dropped to was $1.9200. The 52-week range on LEV shows that it touched its highest point at $5.99 and its lowest point at $1.68 during that stretch. It currently has a 1-year price target of $4.03.

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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 down-trending over the past week, with a drop of -7.14%, but this was down by -7.14% over a month. Three-month performance dropped to -16.31% while six-month performance fell -33.67%. The stock lost -65.30% in the past year, while it has lost -12.95% so far this year. A look at the trailing 12-month EPS for LEV yields 0.09 with Next year EPS estimates of -0.29. For the next quarter, that number is -0.11. This implies an EPS growth rate of 133.20% for this year and 21.60% for next year.

Float and Shares Shorts:

At present, 200.64 million LEV shares are outstanding with a float of 114.40 million shares on hand for trading. On Apr 27, 2023, short shares totaled 11.15 million, which was 4.99% higher than short shares on Mar 30, 2023. In addition to Mr. Marc Bedard as the firm’s Founder, CEO & Director, Mr. Nicolas Brunet serves as its Exec. VP & CFO.

Institutional Ownership:

Other institutions hold 4.20% of LEV, in contrast to 3.39% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in LEV with 2.35% of the stake, Invesco Capital Management LLC holds 5,189,611 shares worth 5,189,611. A second-largest stockholder of LEV, National Bank Financial, Inc., holds 1,498,691 shares, controlling over 0.68% of the firm’s shares. First Trust Advisors LP is the third largest shareholder in LEV, holding 1,336,407 shares or 0.61% stake. With a 2.23% stake in LEV, the Invesco WilderHill Clean Energy E is the largest stakeholder. A total of 4,926,400 shares are owned by the mutual fund manager. The First Trust NASDAQ Clean Edge Gre, which owns about 0.58% of LEV stock, is the second-largest Mutual Fund holder. It holds 1,282,101 shares valued at 2.85 million. Richelieu America ESG holds 0.29% of the stake in LEV, owning 649,822 shares worth 1.44 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, LEV reported revenue of $29.52M and operating income of -$21.88M. The EBITDA in the recently reported quarter was -$19.11M and diluted EPS was $0.19.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LEV since 0 analysts follow the stock currently. 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 $1.90, the average target price over the next 12 months is $3.68. Based on these targets, LEV could surge 258.97% to reach the target high and fall by -2.56% to reach the target low. Reaching the average price target will result in a growth of 88.72% 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.

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