A new trading day began on Tuesday, with Lion Electric Co (NYSE: LEV) stock price down -1.80% from the previous day of trading, before settling in for the closing price of $0.95. LEV’s price has ranged from $0.92 to $2.68 over the past 52 weeks.
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A company in the Industrials sector has jumped its sales by 74.54% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 31.77%. With a float of $115.88 million, this company’s outstanding shares have now reached $218.08 million.
In an organization with 1350 employees, it is important to assess its efficiency.
Lion Electric Co (LEV) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Farm & Heavy Construction Machinery Industry. The insider ownership of Lion Electric Co is 48.77%, while institutional ownership is 5.59%.
Lion Electric Co (LEV) Latest Financial update
In its latest quarterly report, released on 12/31/2023, the company reported earnings of -0.07 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 31.77% per share during the next fiscal year.
Lion Electric Co (NYSE: LEV) Trading Performance Indicators
Here are Lion Electric Co’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.73. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.83.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.46, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.13 in one year’s time.
Technical Analysis of Lion Electric Co (LEV)
Let’s dig in a bit further. During the last 5-days, its volume was 0.9 million. That was better than the volume of 0.52 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 7.66%. Additionally, its Average True Range was 0.08.
During the past 100 days, Lion Electric Co’s (LEV) raw stochastic average was set at 1.15%, which indicates a significant decrease from 2.28% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.37% in the past 14 days, which was lower than the 54.41% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.3844, while its 200-day Moving Average is $1.7864. However, in the short run, Lion Electric Co’s stock first resistance to watch stands at $0.9715. Second resistance stands at $1.0100. The third major resistance level sits at $1.0310. If the price goes on to break the first support level at $0.9120, it is likely to go to the next support level at $0.8910. The third support level lies at $0.8525 if the price breaches the second support level.
Lion Electric Co (NYSE: LEV) Key Stats
With a market capitalization of 211.01 million, the company has a total of 226,185K Shares Outstanding. Currently, annual sales are 253,500 K while annual income is -103,770 K. The company’s previous quarter sales were 60,430 K while its latest quarter income was -56,540 K.
