Brokers Issue Forecasts for Lucid Group FY2025 Earnings

Lucid Group, Inc. (NASDAQ:LCID) – Equities researchers at Cantor Fitzgerald issued their FY2025 EPS estimates for shares of Lucid Group in a research report issued on Tuesday, January 21st. Cantor Fitzgerald analyst A. Sheppard expects that the company will post earnings of ($0.94) per share for the year. Cantor Fitzgerald currently has a “Neutral” rating and a $3.00 target price on the stock. The consensus estimate for Lucid Group’s current full-year earnings is ($1.25) per share.

A number of other equities analysts have also recently issued reports on LCID. Royal Bank of Canada lowered their target price on Lucid Group from $3.00 to $2.00 and set a “sector perform” rating for the company in a report on Tuesday, November 19th. R. F. Lafferty upgraded Lucid Group from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a research note on Monday, November 11th. Robert W. Baird reaffirmed a “neutral” rating and set a $3.00 price target on shares of Lucid Group in a research note on Monday, October 7th. Cfra set a $2.00 price objective on shares of Lucid Group in a research report on Thursday, October 17th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Lucid Group in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Lucid Group has a consensus rating of “Hold” and an average price target of $3.04.

Lucid Group Stock Performance

Shares of LCID opened at $2.86 on Wednesday. The firm has a market cap of $8.61 billion, a P/E ratio of -2.13 and a beta of 0.94. Lucid Group has a twelve month low of $1.93 and a twelve month high of $4.43. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.26 and a current ratio of 3.71. The firm’s 50 day moving average price is $2.65 and its two-hundred day moving average price is $3.05.

Lucid Group (NASDAQ:LCID) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.09). Lucid Group had a negative return on equity of 74.67% and a negative net margin of 406.63%. The business had revenue of $200.04 million during the quarter, compared to the consensus estimate of $199.50 million. During the same quarter last year, the company earned ($0.28) earnings per share.

Hedge Funds Weigh In On Lucid Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new position in Lucid Group in the 2nd quarter valued at $26,000. Frank Rimerman Advisors LLC boosted its position in shares of Lucid Group by 925.0% in the second quarter. Frank Rimerman Advisors LLC now owns 10,250 shares of the company’s stock valued at $27,000 after acquiring an additional 9,250 shares during the period. Wedge Capital Management L L P NC bought a new position in Lucid Group during the fourth quarter worth about $33,000. Atlas Private Wealth Advisors bought a new position in Lucid Group during the fourth quarter worth about $35,000. Finally, GAMMA Investing LLC raised its stake in Lucid Group by 73.7% in the 4th quarter. GAMMA Investing LLC now owns 11,860 shares of the company’s stock worth $36,000 after purchasing an additional 5,031 shares in the last quarter. Institutional investors and hedge funds own 75.17% of the company’s stock.

Insider Buying and Selling

In related news, Director Public Investment Fund purchased 374,717,927 shares of the stock in a transaction on Wednesday, October 30th. The shares were purchased at an average cost of $2.59 per share, with a total value of $970,519,430.93. Following the acquisition, the director now directly owns 8,041,393 shares in the company, valued at $20,827,207.87. The trade was a -102.19 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 61.26% of the stock is owned by insiders.

Lucid Group Company Profile

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.