Cantor Fitzgerald Forecasts 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 to clients and investors on Tuesday, January 21st. Cantor Fitzgerald analyst A. Sheppard anticipates that the company will earn ($0.94) per share for the year. 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.

Lucid Group (NASDAQ:LCID) last posted 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 firm had revenue of $200.04 million for the quarter, compared to analysts’ expectations of $199.50 million. During the same period in the prior year, the company earned ($0.28) earnings per share.

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

Lucid Group Stock Up 1.9 %

LCID opened at $2.72 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.71 and a quick ratio of 3.26. Lucid Group has a 12 month low of $1.93 and a 12 month high of $4.43. The stock has a market capitalization of $8.19 billion, a P/E ratio of -2.03 and a beta of 0.94. The business has a 50 day simple moving average of $2.67 and a 200-day simple moving average of $3.05.

Insider Transactions at Lucid Group

In related news, Director Public Investment Fund acquired 374,717,927 shares of Lucid Group stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average cost of $2.59 per share, for a total transaction of $970,519,430.93. Following the completion of the transaction, the director now directly owns 8,041,393 shares of the company’s stock, valued at $20,827,207.87. The trade was a -102.19 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 61.26% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Lucid Group by 84.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,096,667 shares of the company’s stock worth $17,991,000 after purchasing an additional 2,335,452 shares during the last quarter. Point72 Italy S.r.l. acquired a new stake in Lucid Group during the third quarter worth approximately $3,209,000. Nisa Investment Advisors LLC grew its stake in Lucid Group by 4,301.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 255,300 shares of the company’s stock worth $771,000 after acquiring an additional 249,500 shares during the period. Main Management ETF Advisors LLC acquired a new position in Lucid Group in the 3rd quarter valued at $863,000. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Lucid Group by 131.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 420,428 shares of the company’s stock worth $1,097,000 after purchasing an additional 238,628 shares during the period. Institutional investors and hedge funds 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.