Lilium (NASDAQ:LILM) Reaches New 12-Month Low at $2.01

Lilium (NASDAQ:LILMGet Rating) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $2.01 and last traded at $2.03, with a volume of 3415 shares traded. The stock had previously closed at $2.03.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LILM shares. Piper Sandler cut their target price on Lilium from $15.00 to $10.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 30th. Raymond James initiated coverage on Lilium in a research note on Wednesday, July 27th. They issued a “market perform” rating on the stock. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Lilium presently has a consensus rating of “Hold” and an average target price of $10.77.

Lilium Stock Down 1.9 %

The company has a fifty day moving average of $2.55 and a two-hundred day moving average of $2.95.

Institutional Investors Weigh In On Lilium

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Lilium by 53.7% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 354,020 shares of the company’s stock worth $1,409,000 after purchasing an additional 123,620 shares during the last quarter. Manchester Capital Management LLC bought a new position in Lilium in the 1st quarter worth approximately $54,000. Baillie Gifford & Co. increased its position in Lilium by 1.0% in the 1st quarter. Baillie Gifford & Co. now owns 18,256,279 shares of the company’s stock worth $72,660,000 after buying an additional 184,064 shares during the period. Kepos Capital LP increased its position 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 buying an additional 20,000 shares during the period. Finally, Magnus Financial Group LLC bought a new position in Lilium in the 1st quarter worth approximately $119,000. 12.19% of the stock is currently owned by institutional investors and hedge funds.

Lilium Company Profile

(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.

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