Cantor Fitzgerald Expects Higher Earnings for Lucid Group

Lucid Group, Inc. (NASDAQ:LCID) – Investment analysts at Cantor Fitzgerald upped their FY2026 EPS estimates for Lucid Group in a research report issued on Wednesday, September 24th. Cantor Fitzgerald analyst A. Sheppard now forecasts that the company will post earnings of ($7.99) per share for the year, up from their prior estimate of ($8.14). Cantor Fitzgerald has a “Neutral” rating and a $26.00 price objective on the stock. The consensus estimate for Lucid Group’s current full-year earnings is ($1.25) per share.

Lucid Group (NASDAQ:LCID) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($2.80) EPS for the quarter, missing the consensus estimate of ($2.20) by ($0.60). The business had revenue of $259.43 million during the quarter, compared to analyst estimates of $288.10 million. Lucid Group had a negative net margin of 259.57% and a negative return on equity of 79.40%. The firm’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($2.90) earnings per share.

A number of other research analysts have also issued reports on the stock. Morgan Stanley upped their target price on shares of Lucid Group to $30.00 and gave the company an “equal weight” rating in a report on Tuesday, September 2nd. Stifel Nicolaus set a $2.10 price objective on Lucid Group in a report on Friday, August 29th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Lucid Group presently has an average rating of “Hold” and a consensus price target of $23.85.

Lucid Group Price Performance

Shares of NASDAQ LCID opened at $23.96 on Friday. The company has a current ratio of 2.58, a quick ratio of 2.11 and a debt-to-equity ratio of 0.92. The company’s 50-day moving average price is $22.45 and its 200 day moving average price is $23.21. Lucid Group has a 52 week low of $15.25 and a 52 week high of $37.30. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of -2.08 and a beta of 0.78.

Hedge Funds Weigh In On Lucid Group

Several hedge funds and other institutional investors have recently modified their holdings of LCID. Bank of New York Mellon Corp grew its stake in Lucid Group by 4.5% during the first quarter. Bank of New York Mellon Corp now owns 3,091,063 shares of the company’s stock worth $7,480,000 after buying an additional 132,497 shares during the period. Swiss National Bank lifted its holdings in shares of Lucid Group by 26.9% during the 1st quarter. Swiss National Bank now owns 2,334,000 shares of the company’s stock valued at $5,648,000 after acquiring an additional 495,000 shares in the last quarter. Vanguard Group Inc. boosted its position in Lucid Group by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 110,933,835 shares of the company’s stock worth $268,460,000 after purchasing an additional 615,108 shares during the period. Vontobel Holding Ltd. increased its holdings in Lucid Group by 119.5% in the 1st quarter. Vontobel Holding Ltd. now owns 532,459 shares of the company’s stock valued at $1,289,000 after purchasing an additional 289,880 shares in the last quarter. Finally, Wealthfront Advisers LLC raised its position in Lucid Group by 58.7% in the first quarter. Wealthfront Advisers LLC now owns 233,286 shares of the company’s stock valued at $565,000 after purchasing an additional 86,255 shares during the period. 75.17% of the stock is owned by institutional investors and hedge funds.

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.