Lion Electric (TSE:LEV) Stock Price Down 4.4% – Should You Sell?

The Lion Electric Company (TSE:LEV) shares dropped 4.4% during mid-day trading on Thursday . The company traded as low as C$0.86 and last traded at C$0.87. Approximately 232,791 shares changed hands during trading, a decline of 27% from the average daily volume of 318,220 shares. The stock had previously closed at C$0.91.

Analyst Ratings Changes

A number of research firms have recently commented on LEV. Roth Capital cut shares of Lion Electric from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 31st. DA Davidson lowered shares of Lion Electric from a “strong-buy” rating to a “hold” rating in a report on Monday, August 12th. B. Riley raised shares of Lion Electric to a “strong-buy” rating in a research report on Tuesday, June 25th. National Bankshares decreased their target price on shares of Lion Electric from C$1.00 to C$0.80 and set an “underperform” rating for the company in a research report on Thursday, August 1st. Finally, CIBC reduced their price target on Lion Electric from C$1.15 to C$0.65 and set a “neutral” rating on the stock in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$0.82.

Lion Electric Stock Down 1.1 %

The company has a debt-to-equity ratio of 118.61, a quick ratio of 1.33 and a current ratio of 2.49. The company has a market capitalization of C$201.34 million, a price-to-earnings ratio of -1.27 and a beta of 2.59. The business’s 50 day moving average is C$0.94 and its 200 day moving average is C$1.25.

Lion Electric (TSE:LEV) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C($0.25) EPS for the quarter, missing the consensus estimate of C($0.17) by C($0.08). Lion Electric had a negative return on equity of 31.53% and a negative net margin of 51.81%. The company had revenue of C$41.43 million for the quarter, compared to analyst estimates of C$84.15 million. Sell-side analysts anticipate that The Lion Electric Company will post -0.48 earnings per share for the current year.

About Lion Electric

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.