Cantor Fitzgerald Expects Higher Earnings for Lucid Group

Key Points

• Cantor Fitzgerald has revised its FY2026 earnings per share estimate for Lucid Group to ($7.99), slightly improving from the earlier estimate of ($8.14).
• The stock has a current consensus rating of "Hold" with an average target price of $23.85, indicating mixed investor sentiment.
• Lucid Group recently reported quarterly earnings of ($2.80) per share, missing estimates by $0.60, despite a 29.3% increase in revenue year-over-year to $259.43 million.

Lucid Group, Inc. (NASDAQ:LCID - Free Report) - Research analysts at Cantor Fitzgerald upped their FY2026 earnings per share estimates for Lucid Group in a report released on Wednesday, September 24th. Cantor Fitzgerald analyst A. Sheppard now anticipates that the company will earn ($7.99) per share for the year, up from their previous forecast of ($8.14). Cantor Fitzgerald has a "Neutral" rating and a $26.00 price objective on the stock. The consensus estimate for Lucid Group's current full-year earnings is ($1.25) per share.

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus set a $2.10 target price on Lucid Group in a research note on Friday, August 29th. Morgan Stanley lifted their target price on Lucid Group to $30.00 and gave the stock an "equal weight" rating in a report on Tuesday, September 2nd. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $23.85.

Lucid Group Price Performance

LCID opened at $23.04 on Friday. The company has a quick ratio of 2.11, a current ratio of 2.58 and a debt-to-equity ratio of 0.92. The company's 50-day moving average price is $22.60 and its 200 day moving average price is $23.21. The firm has a market cap of $7.08 billion, a price-to-earnings ratio of -2.00 and a beta of 0.78. Lucid Group has a fifty-two week low of $15.25 and a fifty-two week high of $37.30.

Lucid Group (NASDAQ:LCID - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported ($2.80) earnings per share for the quarter, missing analysts' consensus estimates of ($2.20) by ($0.60). Lucid Group had a negative net margin of 259.57% and a negative return on equity of 79.40%. The firm had revenue of $259.43 million during the quarter, compared to the consensus estimate of $288.10 million. During the same quarter last year, the firm posted ($2.90) earnings per share. Lucid Group's revenue was up 29.3% compared to the same quarter last year.

Institutional Investors Weigh In On Lucid Group

A number of hedge funds and other institutional investors have recently made changes to their positions in LCID. Valeo Financial Advisors LLC lifted its stake in Lucid Group by 9.7% in the second quarter. Valeo Financial Advisors LLC now owns 11,926 shares of the company's stock valued at $25,000 after acquiring an additional 1,055 shares during the last quarter. Osaic Holdings Inc. boosted its stake in Lucid Group by 23.7% during the 2nd quarter. Osaic Holdings Inc. now owns 414,151 shares of the company's stock valued at $874,000 after purchasing an additional 79,349 shares during the period. Silverlake Wealth Management LLC acquired a new stake in Lucid Group in the 2nd quarter worth $39,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Lucid Group in the 2nd quarter worth approximately $109,000. Finally, Marex Group plc acquired a new position in shares of Lucid Group in the 2nd quarter valued at $7,613,000. 75.17% of the stock is 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.

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