Cantor Fitzgerald Forecasts Lucid Group FY2025 Earnings

Lucid Group, Inc. (NASDAQ:LCID - Free Report) - Stock analysts at Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for Lucid Group in a research note issued on Tuesday, January 21st. Cantor Fitzgerald analyst A. Sheppard anticipates that the company will post earnings per share of ($0.94) for the year. Cantor Fitzgerald currently has a "Neutral" rating and a $3.00 price target on the stock. The consensus estimate for Lucid Group's current full-year earnings is ($1.25) per share.

Other analysts also recently issued reports about the company. Cfra set a $2.00 price target on Lucid Group in a research note on Thursday, October 17th. Royal Bank of Canada reduced their price objective on shares of Lucid Group from $3.00 to $2.00 and set a "sector perform" rating for the company in a research note on Tuesday, November 19th. R. F. Lafferty raised Lucid Group from a "hold" rating to a "buy" rating and set a $4.00 price target on the stock in a research note on Monday, November 11th. Robert W. Baird reaffirmed a "neutral" rating and issued a $3.00 price objective on shares of Lucid Group in a research note on Monday, October 7th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Lucid Group in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $3.04.

Lucid Group Stock Performance

LCID traded down $0.15 during trading on Wednesday, reaching $2.72. The company's stock had a trading volume of 61,604,146 shares, compared to its average volume of 86,027,469. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.26 and a current ratio of 3.71. The company's fifty day moving average price is $2.65 and its 200-day moving average price is $3.05. Lucid Group has a 52-week low of $1.93 and a 52-week high of $4.43. The company has a market capitalization of $8.18 billion, a price-to-earnings ratio of -2.02 and a beta of 0.94.

Lucid Group (NASDAQ:LCID - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.09). The firm had revenue of $200.04 million during the quarter, compared to analysts' expectations of $199.50 million. Lucid Group had a negative net margin of 406.63% and a negative return on equity of 74.67%. During the same period in the previous year, the firm earned ($0.28) EPS.

Insider Activity at Lucid Group

In other Lucid Group news, Director Public Investment Fund bought 374,717,927 shares of Lucid Group stock in a transaction that occurred on Wednesday, October 30th. The shares were purchased at an average cost of $2.59 per share, for a total transaction of $970,519,430.93. Following the completion of the transaction, the director now owns 8,041,393 shares of the company's stock, valued at $20,827,207.87. This represents a -102.19 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 61.26% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LCID. Two West Capital Advisors LLC acquired a new position in Lucid Group during the fourth quarter worth approximately $36,000. KBC Group NV increased its holdings in shares of Lucid Group by 113.0% during the 4th quarter. KBC Group NV now owns 58,391 shares of the company's stock worth $176,000 after buying an additional 30,976 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new position in Lucid Group in the fourth quarter valued at $34,000. Geneos Wealth Management Inc. grew its position in Lucid Group by 55.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 19,849 shares of the company's stock valued at $60,000 after acquiring an additional 7,080 shares during the period. Finally, Atlas Private Wealth Advisors purchased a new stake in Lucid Group during the fourth quarter valued at about $35,000. 75.17% of the stock is currently owned by hedge funds and other institutional investors.

Lucid Group Company Profile

Lucid Group, Inc a technology company, designs, engineers, manufactures, and sells electric vehicles (EV), EV powertrains, and battery systems. It also designs and develops proprietary software in-house for Lucid vehicles. The company sells vehicles directly to consumers through its retail sales network and direct online sales, including Lucid Financial Services.