Lilium (NASDAQ:LILM – Get Rating)'s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $2.16 and last traded at $2.17, with a volume of 32043 shares changing hands. The stock had previously closed at $2.24.
Analysts Set New Price Targets
Several equities analysts have commented on the company. Raymond James assumed coverage on Lilium in a research report on Wednesday, July 27th. They set a "market perform" rating for the company. Piper Sandler lowered their price objective on Lilium from $15.00 to $10.00 and set an "overweight" rating for the company in a research report on Tuesday, August 30th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $10.77.
Get Lilium alerts:Lilium Price Performance
The firm has a 50-day moving average price of $2.67 and a 200-day moving average price of $3.11.
Hedge Funds Weigh In On Lilium
A number of hedge funds have recently bought and sold shares of LILM. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Lilium in the 4th quarter worth about $1,597,000. Qube Research & Technologies Ltd bought a new position in Lilium in the 4th quarter worth approximately $174,000. Allianz Asset Management GmbH boosted its stake in Lilium by 5.7% in the 4th quarter. Allianz Asset Management GmbH now owns 1,589,000 shares of the company's stock worth $11,012,000 after purchasing an additional 85,802 shares during the period. Kepos Capital LP boosted its stake in Lilium by 77.2% in the 4th quarter. Kepos Capital LP now owns 45,900 shares of the company's stock worth $318,000 after purchasing an additional 20,000 shares during the period. Finally, Advisor Group Holdings Inc. boosted its stake in Lilium by 126.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 24,775 shares of the company's stock worth $98,000 after purchasing an additional 13,820 shares during the period. Hedge funds and other institutional investors own 12.19% of the company's stock.About Lilium
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Lilium N.V., a transportation company, engages in the research and development of electric vertical takeoff and landing aircrafts for use in high-speed air transport system for people and goods. Lilium N.V. was incorporated in 2015 and is headquartered in Wessling, Germany.
Further Reading
- Get a free copy of the StockNews.com research report on Lilium (LILM)
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