Canaccord Genuity Group Reiterates Buy Rating for Lilium (NASDAQ:LILM)

Lilium (NASDAQ:LILM)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity Group in a report issued on Thursday, Benzinga reports. They presently have a $2.00 price objective on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 148.48% from the stock’s previous close.

Lilium Price Performance

LILM stock traded up $0.03 during mid-day trading on Thursday, reaching $0.80. The company had a trading volume of 337,385 shares, compared to its average volume of 2,713,006. Lilium has a fifty-two week low of $0.60 and a fifty-two week high of $1.90. The firm has a fifty day simple moving average of $0.95 and a 200 day simple moving average of $0.97.

Institutional Investors Weigh In On Lilium

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC acquired a new stake in shares of Lilium during the 4th quarter worth about $33,000. Virtu Financial LLC acquired a new stake in shares of Lilium during the 1st quarter worth about $32,000. Freestone Capital Holdings LLC acquired a new stake in shares of Lilium during the 1st quarter worth about $55,000. Quadrature Capital Ltd purchased a new position in Lilium during the 4th quarter worth approximately $280,000. Finally, NewEdge Wealth LLC purchased a new position in Lilium during the 4th quarter worth approximately $289,000. Institutional investors and hedge funds own 8.30% of the company’s stock.

Lilium Company Profile

Lilium N.V. engages in the research and development of electric vertical takeoff and landing aircrafts and jet for use in high-speed air transport system for people and goods. It also provides aircraft manufacturer services, including training services, maintenance operations, material management and global distribution, flight operations support, ground service equipment, and digital solutions.