Lucid Group FY2025 EPS Estimate Boosted by Cantor Fitzgerald

Key Points

• Cantor Fitzgerald has upgraded its FY2025 earnings per share (EPS) estimate for Lucid Group from ($1.03) to ($0.98), maintaining a "Neutral" rating with a target price of $3.00.
• Lucid Group reported a quarterly EPS of (0.28), falling short of the consensus estimate of (0.22), with revenue of $259.43 million compared to expected earnings of $288.10 million.
• Institutional investors significantly increased their stakes in Lucid Group, with the Public Investment Fund raising its holdings by 28.8% during the fourth quarter.

Lucid Group, Inc. (NASDAQ:LCID - Free Report) - Investment analysts at Cantor Fitzgerald lifted their FY2025 earnings per share (EPS) estimates for shares of Lucid Group in a report released on Wednesday, August 6th. Cantor Fitzgerald analyst A. Sheppard now forecasts that the company will earn ($0.98) per share for the year, up from their previous forecast of ($1.03). 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. Cantor Fitzgerald also issued estimates for Lucid Group's FY2026 earnings at ($0.82) EPS.

Lucid Group (NASDAQ:LCID - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.06). Lucid Group had a negative net margin of 259.57% and a negative return on equity of 79.40%. The business had revenue of $259.43 million during the quarter, compared to analyst estimates of $288.10 million. During the same period in the prior year, the business earned ($0.29) earnings per share. The firm's quarterly revenue was up 29.3% compared to the same quarter last year.

Separately, Robert W. Baird raised their target price on shares of Lucid Group from $2.00 to $3.00 and gave the stock a "neutral" rating in a research report on Monday, April 21st. Two equities 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $2.68.

Lucid Group Stock Performance

LCID opened at $2.15 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.58 and a quick ratio of 2.97. The stock has a market cap of $6.54 billion, a P/E ratio of -1.87 and a beta of 0.79. The stock's 50 day simple moving average is $2.35 and its 200 day simple moving average is $2.48. Lucid Group has a 1-year low of $1.93 and a 1-year high of $4.43.

Hedge Funds Weigh In On Lucid Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Investment Fund lifted its position in shares of Lucid Group by 28.8% during the 4th quarter. Public Investment Fund now owns 1,770,888,684 shares of the company's stock worth $5,348,084,000 after purchasing an additional 396,188,386 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of Lucid Group by 4,320.7% in the 4th quarter. Two Sigma Investments LP now owns 15,851,907 shares of the company's stock valued at $47,873,000 after purchasing an additional 15,493,320 shares during the period. Renaissance Technologies LLC lifted its holdings 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 during the period. Two Sigma Advisers LP acquired a new stake in shares of Lucid Group during the 4th quarter worth about $34,123,000. Finally, Geode Capital Management LLC raised its stake in shares of Lucid Group by 31.4% in the fourth quarter. Geode Capital Management LLC now owns 20,263,309 shares of the company's stock valued at $61,214,000 after acquiring an additional 4,844,782 shares during the last quarter. 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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