Lucid Group FY2025 EPS Estimate Lowered by Cantor Fitzgerald

Lucid Group, Inc. (NASDAQ:LCID) – Equities researchers at Cantor Fitzgerald reduced their FY2025 earnings per share estimates for Lucid Group in a note issued to investors on Wednesday, February 26th. Cantor Fitzgerald analyst A. Sheppard now expects that the company will earn ($1.03) per share for the year, down from their previous forecast of ($0.94). 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.

Several other research firms also recently commented on LCID. Benchmark began coverage on shares of Lucid Group in a report on Wednesday, February 12th. They issued a “buy” rating and a $5.00 price objective on the stock. R. F. Lafferty raised shares of Lucid Group from a “hold” rating to a “buy” rating and set a $4.00 price target on the stock in a report on Monday, November 11th. Needham & Company LLC restated a “hold” rating on shares of Lucid Group in a research report on Wednesday. Bank of America downgraded Lucid Group from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $3.00 to $1.00 in a research report on Wednesday. Finally, Royal Bank of Canada dropped their price target 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. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Lucid Group presently has a consensus rating of “Hold” and a consensus price target of $2.73.

Lucid Group Stock Down 1.3 %

LCID opened at $2.23 on Friday. The stock’s fifty day simple moving average is $2.97 and its 200 day simple moving average is $2.96. Lucid Group has a 1-year low of $1.93 and a 1-year high of $4.43. The stock has a market cap of $6.72 billion, a PE ratio of -1.66 and a beta of 0.93. The company has a current ratio of 3.71, a quick ratio of 3.26 and a debt-to-equity ratio of 0.77.

Institutional Trading of Lucid Group

Institutional investors have recently modified their holdings of the stock. Public Investment Fund raised its stake in Lucid Group by 28.8% in the fourth quarter. Public Investment Fund now owns 1,770,888,684 shares of the company’s stock valued at $5,348,084,000 after purchasing an additional 396,188,386 shares in the last quarter. Vanguard Group Inc. increased its holdings in Lucid Group by 31.1% in the 4th quarter. Vanguard Group Inc. now owns 110,318,727 shares of the company’s stock valued at $333,163,000 after buying an additional 26,172,852 shares during the period. Two Sigma Investments LP raised its position 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 buying an additional 15,493,320 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Lucid Group by 342.7% during the 4th quarter. Renaissance Technologies LLC now owns 16,539,862 shares of the company’s stock worth $49,950,000 after acquiring an additional 12,803,987 shares during the period. Finally, Two Sigma Advisers LP acquired a new stake in shares of Lucid Group during the 4th quarter worth approximately $34,123,000. 75.17% of the stock is currently owned by institutional investors.

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.