Cantor Fitzgerald Lifts Earnings Estimates for Lucid Group

Lucid Group, Inc. (NASDAQ:LCID) – Cantor Fitzgerald upped their FY2025 EPS estimates for shares of Lucid Group in a research note issued on Wednesday, May 7th. Cantor Fitzgerald analyst A. Sheppard now expects that the company will earn ($1.03) per share for the year, up from their prior estimate of ($1.07). Cantor Fitzgerald 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.

Lucid Group (NASDAQ:LCID) last issued its earnings results on Tuesday, May 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.01). The business had revenue of $235.05 million for the quarter, compared to the consensus estimate of $250.50 million. Lucid Group had a negative return on equity of 74.67% and a negative net margin of 406.63%. The company’s quarterly revenue was up 36.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.27) earnings per share.

LCID has been the topic of a number of other research reports. Needham & Company LLC reissued a “hold” rating on shares of Lucid Group in a research note on Wednesday, February 26th. Cowen began coverage on shares of Lucid Group in a report on Thursday, March 6th. They set a “hold” rating on the stock. Benchmark reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Lucid Group in a research note on Friday, March 7th. Redburn Atlantic lowered Lucid Group from a “neutral” rating to a “sell” rating and reduced their target price for the company from $3.50 to $1.13 in a report on Monday, February 24th. Finally, 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 report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Lucid Group presently has an average rating of “Hold” and a consensus price target of $2.68.

Lucid Group Stock Performance

Shares of NASDAQ LCID opened at $2.51 on Friday. The stock’s fifty day simple moving average is $2.36 and its 200 day simple moving average is $2.55. The stock has a market capitalization of $7.61 billion, a price-to-earnings ratio of -1.87 and a beta of 0.88. 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.

Institutional Investors Weigh In On Lucid Group

Several large investors have recently made changes to their positions in LCID. Sterling Investment Counsel LLC acquired a new stake in Lucid Group in the first quarter valued at approximately $25,000. HB Wealth Management LLC acquired a new stake in shares of Lucid Group in the 1st quarter valued at $25,000. Grimes & Company Inc. bought a new stake in Lucid Group in the first quarter worth $27,000. Newbridge Financial Services Group Inc. acquired a new position in Lucid Group during the fourth quarter worth $28,000. Finally, Accredited Investors Inc. bought a new position in Lucid Group during the fourth quarter valued at about $30,000. Institutional investors 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.