Cantor Fitzgerald Cuts Earnings Estimates for Lucid Group

Lucid Group, Inc. (NASDAQ:LCID) – Stock analysts at Cantor Fitzgerald decreased their FY2025 EPS estimates for Lucid Group in a report released on Wednesday, February 26th. Cantor Fitzgerald analyst A. Sheppard now expects that the company will post earnings per share of ($1.03) for the year, down from their previous forecast of ($0.94). Cantor Fitzgerald currently has a “Neutral” rating and a $3.00 target price on the stock. The consensus estimate for Lucid Group’s current full-year earnings is ($1.25) per share.

Several other research analysts also recently commented on the company. Benchmark started coverage on Lucid Group in a research note on Wednesday, February 12th. They issued a “buy” rating and a $5.00 target price for the company. R. F. Lafferty upgraded shares of Lucid Group from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a research report on Monday, November 11th. Stifel Nicolaus reduced their price objective on shares of Lucid Group from $3.50 to $3.00 and set a “hold” rating for the company in a research note on Thursday. Needham & Company LLC reiterated a “hold” rating on shares of Lucid Group in a research note on Wednesday. Finally, Royal Bank of Canada reduced their price target on shares of Lucid Group from $3.00 to $2.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 19th. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $2.73.

Lucid Group Price Performance

Shares of NASDAQ LCID opened at $2.22 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.26 and a current ratio of 3.71. Lucid Group has a fifty-two week low of $1.93 and a fifty-two week high of $4.43. The stock has a market cap of $6.69 billion, a PE ratio of -1.66 and a beta of 0.93. The stock has a fifty day moving average of $2.96 and a 200-day moving average of $2.96.

Institutional Trading of Lucid Group

Hedge funds have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. purchased a new stake in Lucid Group during the fourth quarter valued at about $28,000. Accredited Investors Inc. bought a new position in shares of Lucid Group during the 4th quarter valued at about $30,000. Proficio Capital Partners LLC bought a new position in shares of Lucid Group during the 4th quarter valued at about $31,000. DRW Securities LLC purchased a new position in shares of Lucid Group during the 4th quarter valued at about $31,000. Finally, First National Corp MA ADV bought a new stake in Lucid Group in the 4th quarter worth approximately $32,000. 75.17% of the stock is owned by institutional investors.

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.