Lucid Group (LCID) to Release Quarterly Earnings on Tuesday

Lucid Group (NASDAQ:LCID) is projected to issue its quarterly earnings data after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of ($0.26) per share and revenue of $211.77 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Lucid Group Trading Down 7.6 %

Shares of Lucid Group stock opened at $3.06 on Friday. The stock has a fifty day simple moving average of $2.99 and a 200 day simple moving average of $2.98. Lucid Group has a 12-month low of $1.93 and a 12-month high of $4.43. The company has a market capitalization of $9.22 billion, a P/E ratio of -2.28 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.

Analysts Set New Price Targets

LCID has been the subject of several recent research reports. Royal Bank of Canada decreased 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. Benchmark initiated coverage on Lucid Group in a report on Wednesday, February 12th. They set a “buy” rating and a $5.00 price target for the company. Cantor Fitzgerald reiterated a “neutral” rating and set a $3.00 price target on shares of Lucid Group in a report on Tuesday, January 7th. R. F. Lafferty upgraded Lucid Group from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a report on Monday, November 11th. Finally, Needham & Company LLC restated a “hold” rating on shares of Lucid Group in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $3.10.

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.