Cantor Fitzgerald Forecasts Lucid Group FY2026 Earnings

Lucid Group, Inc. (NASDAQ:LCID) – Equities researchers at Cantor Fitzgerald issued their FY2026 earnings per share estimates for Lucid Group in a note issued to investors on Monday, June 9th. Cantor Fitzgerald analyst A. Sheppard expects that the company will earn ($0.81) per share for the year. Cantor Fitzgerald has a “Neutral” rating and a $3.00 price objective on the stock. The consensus estimate for Lucid Group’s current full-year earnings is ($1.25) per share.

LCID has been the topic of a number of other research reports. Morgan Stanley upgraded Lucid Group from an “underweight” rating to an “equal weight” rating and set a $3.00 target price on the stock in a research note on Tuesday, March 18th. Redburn Atlantic lowered Lucid Group from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $3.50 to $1.13 in a research note on Monday, February 24th. Robert W. Baird increased their price target on Lucid Group from $2.00 to $3.00 and gave the stock a “neutral” rating in a research report on Monday, April 21st. TD Cowen began coverage on Lucid Group in a research report on Friday, March 7th. They set a “hold” rating and a $2.30 price target on the stock. Finally, Bank of America downgraded Lucid Group from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $3.00 to $1.00 in a research report on Wednesday, February 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Lucid Group presently has a consensus rating of “Hold” and an average price target of $2.68.

Lucid Group Price Performance

Shares of NASDAQ LCID opened at $2.18 on Wednesday. The firm has a market cap of $6.65 billion, a P/E ratio of -1.63 and a beta of 0.81. The company has a current ratio of 3.71, a quick ratio of 3.26 and a debt-to-equity ratio of 0.77. Lucid Group has a 1-year low of $1.93 and a 1-year high of $4.43. The business’s 50 day moving average is $2.46 and its 200-day moving average is $2.59.

Lucid Group (NASDAQ:LCID) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.01). The business had revenue of $235.05 million during the quarter, compared to the consensus estimate of $250.50 million. Lucid Group had a negative net margin of 406.63% and a negative return on equity of 74.67%. Lucid Group’s quarterly revenue was up 36.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.27) EPS.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Public Investment Fund raised its position in Lucid Group by 28.8% during the 4th quarter. Public Investment Fund now owns 1,770,888,684 shares of the company’s stock worth $5,348,084,000 after purchasing an additional 396,188,386 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Lucid Group by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 110,933,835 shares of the company’s stock worth $268,460,000 after acquiring an additional 615,108 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Lucid Group by 31.4% in the 4th quarter. Geode Capital Management LLC now owns 20,263,309 shares of the company’s stock worth $61,214,000 after acquiring an additional 4,844,782 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Lucid Group by 342.7% in the 4th quarter. Renaissance Technologies LLC now owns 16,539,862 shares of the company’s stock worth $49,950,000 after acquiring an additional 12,803,987 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in shares of Lucid Group by 4,320.7% in the 4th quarter. Two Sigma Investments LP now owns 15,851,907 shares of the company’s stock worth $47,873,000 after acquiring an additional 15,493,320 shares in the last quarter. 75.17% of the stock is owned by institutional investors.

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.