Lucid Group (LCID) to Release Quarterly Earnings on Tuesday

Lucid Group (NASDAQ:LCID) is expected to release its earnings data after the market closes on Tuesday, February 25th. Analysts expect Lucid Group to post earnings of ($0.26) per share and revenue of $211.77 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Lucid Group Trading Up 1.5 %

NASDAQ LCID opened at $3.31 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.26 and a current ratio of 3.71. The firm has a market cap of $9.97 billion, a price-to-earnings ratio of -2.47 and a beta of 0.93. The firm has a 50 day simple moving average of $2.92 and a 200-day simple moving average of $2.97. Lucid Group has a one year low of $1.93 and a one year high of $4.43.

Wall Street Analyst Weigh In

Several equities analysts have commented on LCID shares. Cantor Fitzgerald restated a “neutral” rating and issued a $3.00 price target on shares of Lucid Group in a research note on Tuesday, January 7th. R. F. Lafferty raised Lucid Group from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a research note on Monday, November 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Lucid Group in a research report on Friday, November 8th. Benchmark assumed coverage on shares of Lucid Group in a research note on Wednesday, February 12th. They set a “buy” rating and a $5.00 target price on the stock. Finally, Royal Bank of Canada decreased 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 note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $3.24.

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.