Lucid Group (LCID) to Release Quarterly Earnings on Monday

Lucid Group (NASDAQ:LCID - Get Free Report) is set to issue its quarterly earnings data after the market closes on Monday, August 5th. Analysts expect the company to announce earnings of ($0.26) per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

Lucid Group (NASDAQ:LCID - Get Free Report) last released its earnings results on Monday, May 6th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.05). Lucid Group had a negative return on equity of 53.53% and a negative net margin of 441.29%. The company had revenue of $172.74 million during the quarter, compared to the consensus estimate of $173.54 million. During the same period last year, the firm posted ($0.43) earnings per share. The company's revenue was up 15.6% compared to the same quarter last year. On average, analysts expect Lucid Group to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Lucid Group Stock Up 2.4 %

NASDAQ LCID traded up $0.08 during mid-day trading on Monday, reaching $3.46. The stock had a trading volume of 22,666,192 shares, compared to its average volume of 32,235,391. The company has a fifty day moving average price of $2.97 and a 200 day moving average price of $2.94. Lucid Group has a 1 year low of $2.29 and a 1 year high of $7.75. The stock has a market cap of $7.98 billion, a PE ratio of -2.72 and a beta of 1.04. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.66 and a quick ratio of 4.12.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on LCID shares. Needham & Company LLC reissued a "hold" rating on shares of Lucid Group in a research note on Tuesday, May 7th. Citigroup reissued a "neutral" rating and issued a $2.90 price target on shares of Lucid Group in a report on Monday, April 22nd. Stifel Nicolaus reduced their target price on shares of Lucid Group from $4.00 to $3.00 and set a "hold" rating for the company in a report on Wednesday, May 8th. Cantor Fitzgerald reissued an "underweight" rating and issued a $4.00 price target on shares of Lucid Group in a research note on Monday, July 22nd. Finally, Robert W. Baird restated a "neutral" rating and set a $3.00 price target on shares of Lucid Group in a research report on Monday, July 8th. Three equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $4.14.

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.