Lion Electric (LEV) to Release Quarterly Earnings on Wednesday

Lion Electric (NYSE:LEV) will be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter.

Lion Electric Trading Down 1.1 %

Lion Electric stock opened at $0.60 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.49 and a quick ratio of 0.53. The firm has a 50-day moving average of $0.70 and a 200-day moving average of $0.83. The company has a market cap of $135.73 million, a price-to-earnings ratio of -1.14 and a beta of 2.14. Lion Electric has a one year low of $0.53 and a one year high of $1.99.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LEV shares. DA Davidson reissued a “neutral” rating and issued a $1.00 price objective (down previously from $1.50) on shares of Lion Electric in a report on Monday, August 12th. Roth Capital downgraded shares of Lion Electric from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Seven investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $1.52.

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.