Lucid Group (LCID) to Release Earnings on Tuesday

Lucid Group (NASDAQ:LCID - Get Free Report) is projected to post its quarterly earnings results after the market closes on Tuesday, February 25th. Analysts expect Lucid Group to post earnings of ($0.26) per share and revenue of $211.77 million for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Lucid Group Stock Down 7.6 %

NASDAQ:LCID traded down $0.25 on Friday, hitting $3.06. The stock had a trading volume of 90,614,354 shares, compared to its average volume of 80,940,344. The company has a quick ratio of 3.26, a current ratio of 3.71 and a debt-to-equity ratio of 0.77. Lucid Group has a 52 week low of $1.93 and a 52 week high of $4.43. The business's fifty day moving average is $2.99 and its 200 day moving average is $2.98. The company has a market cap of $9.22 billion, a PE ratio of -2.28 and a beta of 0.93.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Royal Bank of Canada cut their target price on Lucid Group from $3.00 to $2.00 and set a "sector perform" rating on the stock in a report on Tuesday, November 19th. Needham & Company LLC reaffirmed a "hold" rating on shares of Lucid Group in a research note on Friday, November 8th. Benchmark began coverage on shares of Lucid Group in a research report on Wednesday, February 12th. They set a "buy" rating and a $5.00 target price for the company. 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 report on Monday, November 11th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $3.00 price target on shares of Lucid Group in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $3.24.

About Lucid Group

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.