Is a good buy lilium after drop ?

Lilium is not a good buy after its recent drop. Here's why:

1. Financial Insolvency: Lilium's principal German subsidiaries have filed for insolvency due to the failure to secure a critical government loan, which has led to a cash crisis This is a significant red flag for the company's ability to continue operations and meet its financial obligations.
2. Loss of Investor Confidence: The company's stock has experienced a significant drop, with a 24.48% pre-market percentage change on October 30, 2024, and a 2.91% post-market percentage change on the same day. This decline in stock price reflects a loss of investor confidence in the company's future prospects.

3. Analyst Ratings: Recent analyst ratings have downgraded Lilium from a "strong-buy" to a "hold" rating and from an "overweight" to a "neutral" rating, indicating a lack of positive sentiment from analysts.
4. Operational Challenges: Lilium has been developing an eVTOL aircraft, the Lilium Jet, but it has faced setbacks, including a prototype fire in 2020. The company's plans for the first flight of the Lilium Jet in early 2025 may be delayed or impacted by the current financial crisis.
5. Market Uncertainty: The company's future is uncertain due to the insolvency proceedings. Even if the self-administration process is successful, it may lead to the sale of the business or assets, which could result in a different corporate structure or ownership

In conclusion, Lilium's current financial and operational challenges make it an unattractive investment at this time. Investors should exercise caution and consider the potential risks before investing in the company.