Lucid Group FY2026 EPS Estimate Lowered by Cantor Fitzgerald

Lucid Group, Inc. (NASDAQ:LCID) – Stock analysts at Cantor Fitzgerald reduced their FY2026 EPS estimates for Lucid Group in a research report issued on Thursday, November 6th. Cantor Fitzgerald analyst A. Sheppard now anticipates that the company will post earnings of ($8.16) per share for the year, down from their prior estimate of ($7.99). Cantor Fitzgerald currently has a “Neutral” rating and a $21.00 price target on the stock. The consensus estimate for Lucid Group’s current full-year earnings is ($1.25) per share.

Other equities analysts also recently issued reports about the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lucid Group in a report on Wednesday, October 8th. Morgan Stanley upped their target price on shares of Lucid Group to $30.00 and gave the company an “equal weight” rating in a report on Tuesday, September 2nd. Finally, Stifel Nicolaus set a $2.10 price target on shares of Lucid Group in a research note on Friday, August 29th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $21.93.

Lucid Group Trading Down 1.1%

LCID opened at $16.99 on Monday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.34 and a current ratio of 1.81. Lucid Group has a one year low of $15.25 and a one year high of $36.40. The company has a market cap of $5.22 billion, a P/E ratio of -1.59 and a beta of 0.80. The business’s 50-day simple moving average is $20.12 and its 200-day simple moving average is $22.44.

Lucid Group (NASDAQ:LCID) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($2.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.32) by ($0.33). The business had revenue of $336.58 million during the quarter, compared to analyst estimates of $378.44 million. Lucid Group had a negative net margin of 224.99% and a negative return on equity of 85.13%. The firm’s quarterly revenue was up 68.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($2.76) earnings per share.

Hedge Funds Weigh In On Lucid Group

A number of institutional investors have recently modified their holdings of LCID. Bank of New York Mellon Corp raised its holdings in shares of Lucid Group by 4.5% in the first quarter. Bank of New York Mellon Corp now owns 3,091,063 shares of the company’s stock valued at $7,480,000 after buying an additional 132,497 shares during the last quarter. Swiss National Bank increased its position in Lucid Group by 26.9% in the 1st quarter. Swiss National Bank now owns 2,334,000 shares of the company’s stock valued at $5,648,000 after acquiring an additional 495,000 shares during the period. Vanguard Group Inc. raised its stake in Lucid Group by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 110,933,835 shares of the company’s stock valued at $268,460,000 after acquiring an additional 615,108 shares during the last quarter. Wealthfront Advisers LLC lifted its position in Lucid Group by 58.7% during the 1st quarter. Wealthfront Advisers LLC now owns 233,286 shares of the company’s stock worth $565,000 after acquiring an additional 86,255 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in Lucid Group during the 1st quarter worth approximately $422,000. 75.17% of the stock is owned by institutional investors and hedge funds.

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.