Lucid Group (LCID) to Release Earnings on Monday

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

Lucid Group (NASDAQ:LCID) last announced its quarterly earnings data on Wednesday, February 21st. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.01). Lucid Group had a negative return on equity of 57.00% and a negative net margin of 475.15%. The company had revenue of $157.20 million for the quarter, compared to analysts’ expectations of $179.88 million. During the same quarter in the previous year, the business posted ($0.40) EPS. The business’s quarterly revenue 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 Stock Up 0.2 %

Shares of LCID opened at $2.79 on Friday. Lucid Group has a 52-week low of $2.29 and a 52-week high of $8.37. The company has a quick ratio of 4.03, a current ratio of 4.72 and a debt-to-equity ratio of 0.43. The stock has a fifty day simple moving average of $2.78 and a two-hundred day simple moving average of $3.53. The company has a market capitalization of $6.41 billion, a PE ratio of -1.99 and a beta of 1.04.

Analyst Upgrades and Downgrades

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

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.