Lilium (LILM) Stock Falls Amid Liquidity Concerns

Oct 18, 2024

Lilium NV (LILM, Financial), a German flying taxi company, saw its stock price drop over 20% at one point, reaching $0.4601. This decline brings the price close to its all-time low of $0.3701 recorded on May 1, 2023. The company went public in the United States in November 2020.

As of the latest update, Lilium's shares have fallen 12.98%, trading at $0.5. Cantor has downgraded Lilium's rating from "overweight" to "neutral" and has retracted its price target, citing liquidity concerns sparked by the German government's refusal of a €50 million ($54.20 million) loan.

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