While this happened, National Bank Financial downgraded its Lion Electric Co [LEV] rating to a Sector perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including R. F. Lafferty’s analysts, who began to cover the stock in late March with a ‘”a Buy”‘ rating. BMO Capital Markets began covering LEV with “Market perform” recommendation on March 20, 2023. Barclays started covering the stock on February 15, 2023. It rated LEV as “an Equal weight”.
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Price Performance Review of LEV
On Friday, Lion Electric Co [NYSE:LEV] saw its stock jump 4.00% to $1.04. Over the last five days, the stock has gained 8.33%. Lion Electric Co shares have fallen nearly -41.24% since the year began. Nevertheless, the stocks have fallen -46.67% over the past one year. While a 52-week high of $2.68 was reached on 01/11/24, a 52-week low of $0.88 was recorded on 04/25/24. SMA at 50 days reached $1.1180, while 200 days put it at $1.6299. A total of 0.37 million shares were traded, compared to the trading of 0.14 million shares in the previous session.
Levels Of Support And Resistance For LEV Stock
The 24-hour chart illustrates a support level at 1.0065, which if violated will result in even more drops to 0.9729. On the upside, there is a resistance level at 1.0718. A further resistance level may holdings at 1.1035. The Relative Strength Index (RSI) on the 14-day chart is 51.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0294, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.06%. Stochastics %K at 65.32% indicates the stock is a holding.
The most recent change occurred on December 27, 2022 when Northland Capital began covering the stock and recommended ‘”an Outperform”‘ rating along with a $5 price target.
