Lucid Group FY2025 EPS Estimate Boosted by Cantor Fitzgerald

Lucid Group, Inc. (NASDAQ:LCID - Free Report) - Cantor Fitzgerald raised their FY2025 earnings estimates for shares of Lucid Group in a report issued on Wednesday, May 7th. Cantor Fitzgerald analyst A. Sheppard now forecasts that the company will earn ($1.03) per share for the year, up from their prior estimate of ($1.07). Cantor Fitzgerald currently 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 - Get Free Report) last issued its earnings results 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 return on equity of 74.67% and a negative net margin of 406.63%. The business had revenue of $235.05 million for the quarter, compared to analyst estimates of $250.50 million. During the same period last year, the business posted ($0.27) EPS. Lucid Group's revenue was up 36.1% on a year-over-year basis.

Several other research firms also recently commented on LCID. Robert W. Baird upped their price target on shares of Lucid Group from $2.00 to $3.00 and gave the company a "neutral" rating in a research report on Monday, April 21st. Redburn Atlantic cut Lucid Group from a "neutral" rating to a "sell" rating and dropped their price target for the company from $3.50 to $1.13 in a research report on Monday, February 24th. Benchmark reaffirmed a "buy" rating and set a $5.00 price objective on shares of Lucid Group in a research report on Friday, March 7th. Cowen assumed coverage on Lucid Group in a report on Thursday, March 6th. They issued a "hold" rating on the stock. Finally, TD Cowen assumed coverage on shares of Lucid Group in a research report on Friday, March 7th. They issued a "hold" rating and a $2.30 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $2.68.

Lucid Group Stock Performance

NASDAQ LCID traded up $0.13 during trading hours on Friday, hitting $2.44. The company had a trading volume of 16,699,437 shares, compared to its average volume of 65,306,265. The business has a 50 day moving average of $2.35 and a 200-day moving average of $2.55. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.26 and a current ratio of 3.71. Lucid Group has a 1-year low of $1.93 and a 1-year high of $4.43. The company has a market cap of $7.40 billion, a PE ratio of -1.82 and a beta of 0.88.

Institutional Investors Weigh In On Lucid Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in Lucid Group in the 4th quarter worth approximately $780,000. XTX Topco Ltd grew its holdings in Lucid Group by 395.7% during the 4th quarter. XTX Topco Ltd now owns 849,140 shares of the company's stock valued at $2,564,000 after purchasing an additional 677,846 shares in the last quarter. Norges Bank acquired a new position in Lucid Group in the 4th quarter worth $9,446,000. Nisa Investment Advisors LLC boosted its position in Lucid Group by 4,301.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 255,300 shares of the company's stock valued at $771,000 after buying an additional 249,500 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Lucid Group by 342.7% during the fourth quarter. Renaissance Technologies LLC now owns 16,539,862 shares of the company's stock valued at $49,950,000 after acquiring an additional 12,803,987 shares in the last quarter. Hedge funds and other institutional investors own 75.17% of the company's stock.

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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