Taking this into account, DA Davidson downgraded its Lion Electric Co [LEV] rating to a Neutral from a a Buy in a research note published on August 12, 2024; the price target was decreased to $1 from $1.50. A number of analysts have revised their coverage, including National Bank Financial’s analysts, who decreased its forecast for the stock in early August from “an Outperform” to “a Sector perform”. R. F. Lafferty began covering LEV with “Buy” recommendation on March 27, 2023. BMO Capital Markets started covering the stock on March 20, 2023. It rated LEV as “a Market perform”.
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Price Performance Review of LEV
On Tuesday, Lion Electric Co [NYSE:LEV] saw its stock jump 13.59% to $0.33. Over the last five days, the stock has gained 54.14%. Lion Electric Co shares have fallen nearly -81.58% since the year began. Nevertheless, the stocks have fallen -80.71% over the past one year. While a 52-week high of $1.99 was reached on 01/11/24, a 52-week low of $0.18 was recorded on 11/21/24. SMA at 50 days reached $0.5200, while 200 days put it at $0.8885.
Levels Of Support And Resistance For LEV Stock
The 24-hour chart illustrates a support level at 0.2771, which if violated will result in even more drops to 0.2281. On the upside, there is a resistance level at 0.3735. A further resistance level may holdings at 0.4209. The Relative Strength Index (RSI) on the 14-day chart is 45.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0050, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.00%. Stochastics %K at 27.74% indicates the stock is a holding.
How much short interest is there in Lion Electric Co?
A steep rise in short interest was recorded in Lion Electric Co stocks on 2024-11-15, dropping by -0.78 million shares to a total of 2.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.72 million shares. There was a decline of -26.75%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 15, 2023 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $3 price target.
