Lucid Group (NASDAQ:LCID - Get Free Report) is projected to post its Q1 2025 quarterly earnings results after the market closes on Tuesday, May 6th. Analysts expect the company to announce earnings of ($0.22) per share and revenue of $250.50 million for the quarter.
Lucid Group Price Performance
Shares of NASDAQ LCID traded up $0.02 during midday trading on Thursday, hitting $2.53. The company had a trading volume of 97,170,856 shares, compared to its average volume of 63,858,265. The firm has a market capitalization of $7.67 billion, a price-to-earnings ratio of -1.89 and a beta of 0.88. Lucid Group has a twelve month low of $1.93 and a twelve month high of $4.43. The business has a 50-day simple moving average of $2.35 and a two-hundred day simple moving average of $2.57. The company has a quick ratio of 3.26, a current ratio of 3.71 and a debt-to-equity ratio of 0.77.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on LCID shares. Bank of America cut Lucid Group from a "neutral" rating to an "underperform" rating and lowered their price target for the stock from $3.00 to $1.00 in a report on Wednesday, February 26th. Benchmark reaffirmed a "buy" rating and set a $5.00 price target on shares of Lucid Group in a research note on Friday, March 7th. Cowen began coverage on shares of Lucid Group in a research note on Thursday, March 6th. They issued a "hold" rating on the stock. Cantor Fitzgerald restated a "neutral" rating and set a $3.00 target price on shares of Lucid Group in a research report on Thursday, April 3rd. Finally, Stifel Nicolaus lowered their price target on shares of Lucid Group from $3.50 to $3.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $2.68.
Read Our Latest Stock Report on LCID
Lucid Group Company Profile
(
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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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