Shares of Lilium (NASDAQ:LILM – Get Rating) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $2.01 and last traded at $2.03, with a volume of 3415 shares. The stock had previously closed at $2.03.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Piper Sandler cut their target price on Lilium from $15.00 to $10.00 and set an "overweight" rating for the company in a research report on Tuesday, August 30th. Raymond James began coverage on Lilium in a research report on Wednesday, July 27th. They set a "market perform" rating for the company. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $10.77.
Get Lilium alerts:Lilium Stock Up 3.9 %
The firm has a fifty day moving average of $2.57 and a two-hundred day moving average of $2.96.
Institutional Investors Weigh In On Lilium
Several hedge funds have recently modified their holdings of LILM. Mitsubishi UFJ Trust & Banking Corp boosted its position in Lilium by 53.7% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 354,020 shares of the company's stock valued at $1,409,000 after acquiring an additional 123,620 shares in the last quarter. Manchester Capital Management LLC purchased a new stake in Lilium during the first quarter valued at approximately $54,000. Baillie Gifford & Co. increased its position in shares of Lilium by 1.0% during the first quarter. Baillie Gifford & Co. now owns 18,256,279 shares of the company's stock worth $72,660,000 after purchasing an additional 184,064 shares in the last quarter. Kepos Capital LP boosted its position in shares of 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 in the last quarter. Finally, Magnus Financial Group LLC purchased a new position in Lilium during the 1st quarter worth $119,000. Hedge funds and other institutional investors own 12.19% of the company's stock.About Lilium
(Get Rating)
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.
Featured Stories
- Get a free copy of the StockNews.com research report on Lilium (LILM)
- Has AMD stock stock fallen too far?
- Oracle's Short-Term Pain Could Be Your Long-Term Gain
- Lucid is Looking Like a Clear EV Winner
- Still Lovin' It: Investors Keep Visiting McDonald's
- Did FedEx Just Deliver A Buying Opportunity?
Receive News & Ratings for Lilium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lilium and related companies with MarketBeat.com's FREE daily email newsletter.