Analysts Issue Forecasts for Lucid Group FY2025 Earnings

Lucid Group, Inc. (NASDAQ:LCID - Free Report) - Research analysts at Cantor Fitzgerald issued their FY2025 earnings estimates for shares of Lucid Group in a research note issued to investors on Tuesday, January 21st. Cantor Fitzgerald analyst A. Sheppard forecasts that the company will earn ($0.94) per share for the year. Cantor Fitzgerald 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.

Lucid Group (NASDAQ:LCID - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.09). The firm had revenue of $200.04 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the business posted ($0.28) EPS.

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

Lucid Group Price Performance

LCID stock traded up $0.05 during trading on Wednesday, hitting $2.72. The stock had a trading volume of 65,373,046 shares, compared to its average volume of 86,160,438. The company's 50-day moving average price is $2.66 and its two-hundred day moving average price is $3.05. Lucid Group has a twelve month low of $1.93 and a twelve month high of $4.43. The stock has a market capitalization of $8.19 billion, a P/E ratio of -2.03 and a beta of 0.94. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.71 and a quick ratio of 3.26.

Insider Buying and Selling at Lucid Group

In related news, Director Public Investment Fund acquired 374,717,927 shares of the firm's stock in a transaction dated 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 acquisition, the director now owns 8,041,393 shares in the company, valued at $20,827,207.87. The trade was a -102.19 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 61.26% of the company's stock.

Institutional Trading of Lucid Group

Institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its holdings in Lucid Group by 84.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,096,667 shares of the company's stock worth $17,991,000 after purchasing an additional 2,335,452 shares during the period. Point72 Italy S.r.l. acquired a new position in shares of Lucid Group during the third quarter worth about $3,209,000. Nisa Investment Advisors LLC increased its stake in shares of Lucid Group by 4,301.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 255,300 shares of the company's stock worth $771,000 after buying an additional 249,500 shares during the period. Main Management ETF Advisors LLC acquired a new stake in Lucid Group in the third quarter valued at approximately $863,000. Finally, Canada Pension Plan Investment Board lifted its stake in Lucid Group by 131.3% in the second quarter. Canada Pension Plan Investment Board now owns 420,428 shares of the company's stock worth $1,097,000 after acquiring an additional 238,628 shares during the last quarter. Institutional investors and hedge funds own 75.17% of the company's stock.

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.