Lucid Group (LCID) Projected to Post Quarterly Earnings on Tuesday

Lucid Group (NASDAQ:LCID - Get Free Report) will likely be posting 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 Lucid Group stock traded down $0.17 during trading on Monday, hitting $2.36. 143,897,622 shares of the company were exchanged, compared to its average volume of 64,530,493. Lucid Group has a fifty-two week low of $1.93 and a fifty-two week high of $4.43. The company has a quick ratio of 3.26, a current ratio of 3.71 and a debt-to-equity ratio of 0.77. The firm has a 50 day moving average price of $2.35 and a 200 day moving average price of $2.55. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of -1.76 and a beta of 0.88.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on LCID shares. Morgan Stanley upgraded Lucid Group from an "underweight" rating to an "equal weight" rating and set a $3.00 price objective on the stock in a research report on Tuesday, March 18th. Stifel Nicolaus cut their price objective on shares of Lucid Group from $3.50 to $3.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. TD Cowen started 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 on the stock. Robert W. Baird lifted their target price on shares of Lucid Group from $2.00 to $3.00 and gave the stock a "neutral" rating in a research note on Monday, April 21st. Finally, Benchmark reissued a "buy" rating and set a $5.00 price target on shares of Lucid Group in a research note on Friday, March 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Lucid Group currently has a consensus rating of "Hold" and a consensus target price of $2.68.

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.