LEV Stock Forecast 2022 is revised LOWER at $10
LEV Stock Forecast: Performance Chart
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LEV Stock Forecast: 2021 Review
LEV face a volatile year with its prices ranging from $33.48 in January to $9.11 in December. The year started at $17.78 and ended at $9.94
|December 31st, 2020||$17.78|
|January 15th, 2021||$33.48|
|December 20th, 2021||$9.11|
|December 31st, 2021||$9.94|
LEV Stock Forecast 2022
LEV Stock Forecast: Is it a Buy or Sell?
The Electric Vehicle market is currently booming – the demand is increasing and many firms are trying to bring in new innovative products. Lion is at a bullish position with a price target of $13 which shows a triple-digit upside of 174%. The company had very strong financials at the end of quarter 1 which included cash assets of $155 million. However, Cash and liquid assets do not often signify health of the company – rather, poor resource allocation is visible. Even though projected upside is of triple digits, the sales execution of LEV is not competitive to any of the existing players in the market.
The product range of LEV is attractive with Urban transport buses and school buses. They also make parts, offer driver and technician training. Zacks has given it a rank of “3” indicating “hold” in the short term but, mid to long-term gains can be expected.
Currently, the stock has been falling with its volume and is showing the potential of underperforming even more than it is in the market. The company is progressing but 84 vehicles is just not enough to stay at par with the trends. Awaiting for their high profitability is possible but, not at all advised.
LEV Stock Forecast: Latest Video
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LEV Stock Forecast: Earnings Report Summary
- LEV posted Q1 earnings of 2022 with a revenue of $22.6 million, it has increased by $16.4 million than in Q1 of last year.
- The reported earnings per share were $0.01 which managed to exceed analyst expectations of $-0.1 by 120%
- The CEO reported a record of quarterly vehicles – 84 vehicles were delivered as compared to 24 in Q1 of the first year, he says they were able to deliver this due to supply chain improvements and now, they have 3000 batteries and 500 motors in inventory.
LEV Stock Forecast: Google Trends
LEV Stock Forecast: Technical Analysis
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