Brokers Set Expectations for Lucid Group FY2025 Earnings

Lucid Group, Inc. (NASDAQ:LCID - Free Report) - Equities researchers at Cantor Fitzgerald lowered their FY2025 earnings per share estimates for shares of Lucid Group in a research report issued on Wednesday, February 26th. Cantor Fitzgerald analyst A. Sheppard now anticipates that the company will post earnings per share of ($1.03) for the year, down from their prior estimate of ($0.94). Cantor Fitzgerald currently has a "Neutral" rating and a $3.00 price objective on the stock. The consensus estimate for Lucid Group's current full-year earnings is ($1.25) per share.

Several other brokerages have also issued reports on LCID. Needham & Company LLC reaffirmed a "hold" rating on shares of Lucid Group in a research note on Wednesday, February 26th. Bank of America downgraded shares of Lucid Group from a "neutral" rating to an "underperform" rating and lowered their price objective for the company from $3.00 to $1.00 in a report on Wednesday, February 26th. Stifel Nicolaus lowered their price target on Lucid Group from $3.50 to $3.00 and set a "hold" rating on the stock in a research report on Thursday. R. F. Lafferty upgraded Lucid Group from a "hold" rating to a "buy" rating and set a $4.00 price objective on the stock in a research note on Monday, November 11th. Finally, Royal Bank of Canada cut 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 report on Tuesday, November 19th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $2.73.

Lucid Group Price Performance

Shares of LCID traded down $0.10 on Friday, hitting $2.12. The company's stock had a trading volume of 91,123,460 shares, compared to its average volume of 87,294,984. The company has a 50 day moving average price of $2.96 and a 200 day moving average price of $2.95. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.71 and a quick ratio of 3.26. Lucid Group has a fifty-two week low of $1.93 and a fifty-two week high of $4.43. The company has a market capitalization of $6.38 billion, a PE ratio of -1.58 and a beta of 0.93.

Institutional Investors Weigh In On Lucid Group

Several hedge funds have recently modified their holdings of the company. Newbridge Financial Services Group Inc. acquired a new position in shares of Lucid Group in the fourth quarter valued at approximately $28,000. Accredited Investors Inc. acquired a new position in Lucid Group in the 4th quarter valued at approximately $30,000. Proficio Capital Partners LLC bought a new position in shares of Lucid Group during the fourth quarter valued at $31,000. DRW Securities LLC acquired a new position in shares of Lucid Group during the fourth quarter worth $31,000. Finally, First National Corp MA ADV bought a new stake in shares of Lucid Group in the fourth quarter worth $32,000. 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.