Following these proceedings, Cantor Fitzgerald initiated its Lilium N.V [LILM] rating to an Overweight in a research note published on July 19, 2024; the price target was $2. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in early August with a ‘”a Buy”‘ rating. Canaccord Genuity also remained covering LILM and has increased its forecast on July 17, 2023 with a “Buy” recommendation from previously “Hold” rating. Canaccord Genuity revised its rating on July 14, 2023. It rated LILM as “a Buy” which previously was an “a Hold”.
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Price Performance Review of LILM
On Tuesday, Lilium N.V [NASDAQ:LILM] saw its stock fall -7.49% to $0.77. Over the last five days, the stock has gained 1.55%. Lilium N.V shares have fallen nearly -34.38% since the year began. Nevertheless, the stocks have risen 12.90% over the past one year. While a 52-week high of $1.41 was reached on 05/16/24, a 52-week low of $0.60 was recorded on 09/03/24. SMA at 50 days reached $0.7633, while 200 days put it at $0.8975.
Levels Of Support And Resistance For LILM Stock
The 24-hour chart illustrates a support level at 0.7325, which if violated will result in even more drops to 0.6907. On the upside, there is a resistance level at 0.8230. A further resistance level may holdings at 0.8717. The Relative Strength Index (RSI) on the 14-day chart is 50.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0385, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.17%. Stochastics %K at 67.51% indicates the stock is a holding.
How much short interest is there in Lilium N.V?
A steep rise in short interest was recorded in Lilium N.V stocks on 2024-09-13, growing by 3.24 million shares to a total of 28.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 25.31 million shares. There was a rise of 11.36%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 09, 2023 when Canaccord Genuity began covering the stock and recommended ‘”a Hold”‘ rating along with a $1.20 price target.
