Lucid Group FY2025 EPS Forecast Lowered by Cantor Fitzgerald

Lucid Group, Inc. (NASDAQ:LCID) – Cantor Fitzgerald reduced their FY2025 earnings per share (EPS) estimates for shares of Lucid Group in a research note issued on Wednesday, February 26th. Cantor Fitzgerald analyst A. Sheppard now anticipates that the company will post earnings of ($1.03) per share for the year, down from their previous estimate 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 have also weighed in on LCID. Benchmark assumed coverage on shares of Lucid Group in a report on Wednesday, February 12th. They issued a “buy” rating and a $5.00 target price on the stock. Redburn Atlantic lowered Lucid Group from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $3.50 to $1.13 in a report on Monday. Needham & Company LLC restated a “hold” rating on shares of Lucid Group in a report on Wednesday. Royal Bank of Canada cut their price objective on Lucid Group from $3.00 to $2.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 19th. Finally, Bank of America cut Lucid Group from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $3.00 to $1.00 in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $2.73.

Lucid Group Price Performance

Lucid Group stock opened at $2.23 on Friday. The company has a current ratio of 3.71, a quick ratio of 3.26 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $6.72 billion, a P/E ratio of -1.66 and a beta of 0.93. The business has a 50-day moving average of $2.97 and a 200-day moving average of $2.96. Lucid Group has a 1 year low of $1.93 and a 1 year high of $4.43.

Institutional Investors Weigh In On Lucid Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. acquired a new stake in shares of Lucid Group in the fourth quarter valued at about $28,000. Accredited Investors Inc. bought a new position in Lucid Group in the fourth quarter valued at approximately $30,000. Proficio Capital Partners LLC acquired a new position in shares of Lucid Group during the 4th quarter worth approximately $31,000. DRW Securities LLC bought a new stake in shares of Lucid Group during the 4th quarter worth approximately $31,000. Finally, First National Corp MA ADV acquired a new stake in shares of Lucid Group in the 4th quarter valued at approximately $32,000. 75.17% of the stock is 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.