Lion Electric (LEV) Scheduled to Post Earnings on Wednesday

Lion Electric (TSE:LEV) is scheduled to announce its earnings results 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 Down 2.4 %

Shares of Lion Electric stock opened at C$0.83 on Monday. The business has a fifty day simple moving average of C$0.95 and a 200 day simple moving average of C$1.14. The stock has a market cap of C$187.76 million, a PE ratio of -1.17 and a beta of 2.59. The company has a quick ratio of 1.33, a current ratio of 2.49 and a debt-to-equity ratio of 118.61. Lion Electric has a 12 month low of C$0.75 and a 12 month high of C$2.67.

Analyst Ratings Changes

A number of analysts have recently commented on LEV shares. Roth Capital cut Lion Electric from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 31st. DA Davidson downgraded shares of Lion Electric from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 12th. Desjardins reduced their price target on shares of Lion Electric from C$1.50 to C$1.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. CIBC lowered their price objective on shares of Lion Electric from C$1.15 to C$0.65 and set a “neutral” rating for the company in a research report on Thursday, August 1st. Finally, National Bankshares reduced their target price on Lion Electric from C$1.00 to C$0.80 and set an “underperform” rating on the stock in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$0.82.

Lion Electric Company Profile

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.