Lilium (NASDAQ:LILM – Get Free Report)‘s stock had its “buy” rating restated by Canaccord Genuity Group in a research report issued on Thursday, Benzinga reports. They currently have a $2.00 target price on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 148.48% from the company’s current price.
Lilium Stock Performance
Shares of LILM traded up $0.03 during midday trading on Thursday, hitting $0.80. 337,385 shares of the stock traded hands, compared to its average volume of 2,713,006. Lilium has a 1-year low of $0.60 and a 1-year high of $1.90. The business’s 50 day moving average price is $0.95 and its two-hundred day moving average price is $0.97.
Hedge Funds Weigh In On Lilium
Several institutional investors and hedge funds have recently bought and sold shares of the business. Quadrature Capital Ltd purchased a new stake in shares of Lilium in the fourth quarter worth approximately $280,000. NewEdge Wealth LLC purchased a new stake in Lilium in the 4th quarter worth approximately $289,000. AWM Investment Company Inc. acquired a new stake in shares of Lilium during the 3rd quarter valued at $1,609,000. Longitude Cayman Ltd. increased its stake in shares of Lilium by 4.7% in the fourth quarter. Longitude Cayman Ltd. now owns 1,120,000 shares of the company’s stock worth $1,322,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Lilium during the first quarter worth $32,000. Hedge funds and other institutional investors own 8.30% of the company’s stock.
About Lilium
Lilium N.V. engages in the research and development of electric vertical takeoff and landing aircrafts and jet for use in high-speed air transport system for people and goods. It also provides aircraft manufacturer services, including training services, maintenance operations, material management and global distribution, flight operations support, ground service equipment, and digital solutions.
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