Cantor Fitzgerald Estimates Lucid Group FY2026 Earnings

Lucid Group, Inc. (NASDAQ:LCID) – Stock analysts at Cantor Fitzgerald issued their FY2026 EPS estimates for Lucid Group in a report released on Monday, June 9th. Cantor Fitzgerald analyst A. Sheppard anticipates that the company will earn ($0.81) per share for the year. Cantor Fitzgerald currently has a “Neutral” rating and a $3.00 target price on the stock. The consensus estimate for Lucid Group’s current full-year earnings is ($1.25) per share.

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

Several other equities research analysts also recently commented on LCID. Benchmark reissued a “buy” rating and set a $5.00 target price on shares of Lucid Group in a research report on Friday, March 7th. Needham & Company LLC reissued a “hold” rating on shares of Lucid Group in a research report on Wednesday, February 26th. Redburn Atlantic downgraded shares of Lucid Group from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $3.50 to $1.13 in a research report on Monday, February 24th. TD Cowen assumed coverage on shares of Lucid Group in a research report on Friday, March 7th. They set a “hold” rating and a $2.30 target price for the company. Finally, Bank of America downgraded shares of Lucid Group from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $3.00 to $1.00 in a research report on Wednesday, February 26th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $2.68.

Lucid Group Price Performance

Shares of NASDAQ LCID opened at $2.16 on Wednesday. The firm’s 50-day moving average price is $2.45 and its 200-day moving average price is $2.59. Lucid Group has a 1-year low of $1.93 and a 1-year high of $4.43. The firm has a market capitalization of $6.59 billion, a P/E ratio of -1.61 and a beta of 0.81. The company has a current ratio of 3.71, a quick ratio of 3.26 and a debt-to-equity ratio of 0.77.

Institutional Trading of Lucid Group

A number of institutional investors have recently modified their holdings of the business. Rhumbline Advisers lifted its stake in shares of Lucid Group by 4.9% during the 1st quarter. Rhumbline Advisers now owns 814,725 shares of the company’s stock valued at $1,972,000 after buying an additional 38,113 shares in the last quarter. Strs Ohio purchased a new stake in shares of Lucid Group during the 1st quarter valued at approximately $947,000. Focus Partners Wealth lifted its stake in shares of Lucid Group by 450.9% during the 1st quarter. Focus Partners Wealth now owns 215,241 shares of the company’s stock valued at $521,000 after buying an additional 176,170 shares in the last quarter. Integrity Alliance LLC. purchased a new stake in shares of Lucid Group during the 1st quarter valued at approximately $27,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Lucid Group by 17.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,062,287 shares of the company’s stock valued at $7,411,000 after buying an additional 449,656 shares in the last quarter. 75.17% of the stock is currently owned by hedge funds and other institutional investors.

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.