Lucid Group (LCID) to Release 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. Parties interested in participating in the company’s conference call can do so using this link.

Lucid Group (NASDAQ:LCID) last announced its quarterly earnings results on Wednesday, February 21st. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $179.88 million. During the same quarter in the prior year, the firm earned ($0.40) earnings per share. The firm’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 0.4 %

LCID opened at $2.46 on Monday. The business has a 50 day moving average price of $2.85 and a 200 day moving average price of $3.58. Lucid Group has a twelve month low of $2.29 and a twelve month high of $8.37. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.03 and a current ratio of 4.72. The firm has a market cap of $5.66 billion, a P/E ratio of -1.76 and a beta of 1.01.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LCID. 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 report on Thursday, February 22nd. Citigroup restated a “neutral” rating and issued a $2.90 target price on shares of Lucid Group in a report on Monday, April 22nd. Bank of America reduced their target price on Lucid Group from $7.00 to $4.50 and set a “neutral” rating for the company in a report on Thursday, February 22nd. Cantor Fitzgerald lowered Lucid Group from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $6.00 to $4.00 in a report on Thursday, February 22nd. Finally, Morgan Stanley restated an “underweight” rating and issued a $3.00 target price on shares of Lucid Group in a report on Monday, March 25th. Three analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat, Lucid Group presently has an average rating of “Hold” and a consensus target price 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.