Lucid Group (LCID) Scheduled to Post Quarterly Earnings on Monday

Lucid Group (NASDAQ:LCID) is set to issue its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of ($0.24) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Lucid Group (NASDAQ:LCID) last issued its earnings results on Wednesday, February 21st. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.01). Lucid Group had a negative net margin of 475.15% and a negative return on equity of 57.00%. The firm had revenue of $157.20 million during the quarter, compared to the consensus estimate of $179.88 million. During the same period in the previous year, the company posted ($0.40) earnings per share. The firm’s revenue for the quarter was down 39.0% compared to the same quarter last year. On average, analysts expect Lucid Group to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Lucid Group Trading Up 0.2 %

Lucid Group stock opened at $2.79 on Friday. The stock has a 50-day simple moving average of $2.77 and a 200 day simple moving average of $3.51. The stock has a market capitalization of $6.41 billion, a P/E ratio of -1.99 and a beta of 1.04. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.03 and a current ratio of 4.72. Lucid Group has a 52 week low of $2.29 and a 52 week high of $8.37.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LCID shares. Robert W. Baird reduced their target price on Lucid Group from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, February 22nd. Stifel Nicolaus decreased their price objective on shares of Lucid Group from $5.00 to $4.00 and set a “hold” rating on the stock in a report on Monday, February 26th. Morgan Stanley restated an “underweight” rating and set a $3.00 target price on shares of Lucid Group in a research note on Monday, March 25th. Citigroup reiterated a “neutral” rating and issued a $2.90 price target on shares of Lucid Group in a research note on Monday, April 22nd. Finally, Cantor Fitzgerald downgraded shares of Lucid Group from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $6.00 to $4.00 in a research report on Thursday, February 22nd. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $4.34.

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.