Analyst Ratings for Lucid Group (LCID)
Lucid Group (LCID) has garnered a spectrum of analyst ratings, spanning from optimistic to pessimistic. The table below provides a concise summary of recent analyst assessments, offering insights into the evolving market sentiment towards the company over the past 30 days and drawing comparisons with previous months for a comprehensive understanding.
Analyst Ratings Distribution:
| Rating | Last 30D | 1M Ago | 2M Ago | 3M Ago |
|—|—|—|—|—|
| Bullish | 0 | 0 | 0 | 0 |
| Somewhat Bullish | 0 | 0 | 0 | 0 |
| Indifferent | 5 | 4 | 0 | 0 |
| Somewhat Bearish | 2 | 1 | 1 | 0 |
| Bearish | 0 | 0 | 0 | 0 |
12-Month Price Targets:
The 12-month price targets assigned by analysts offer valuable insights, with an average target of $3.63, a high estimate of $4.50, and a low estimate of $2.90. Notably, analysts have reduced the average price target by 34.0% compared to the previous month.
Analyst Actions and Rating Adjustments:
An in-depth examination of recent analyst actions reveals the standing of Lucid Group among financial experts. The table below outlines key analysts, their most recent evaluations, and any adjustments made to ratings and price targets:
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|—|—|—|—|—|—|—|—|
| Itay Michaeli | Citigroup | Announces | Neutral | $2.90 | – |
| Adam Jonas | Morgan Stanley | Maintains | Underweight | $3.00 | $3.00 |
| Tom Narayan | RBC Capital | Lowers | Sector Perform | $3.00 | $6.00 |
| Stephen Gengaro | Stifel | Lowers | Hold | $4.00 | $5.00 |
| Ben Kallo | Baird | Lowers | Neutral | $4.00 | $6.00 |
| John Murphy | B of A Securities | Lowers | Neutral | $4.50 | $7.00 |
| Andres Sheppard | Cantor Fitzgerald | Lowers | Underweight | $4.00 | $6.00 |
Key Insights:
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Action Taken:
Analysts respond to dynamic market conditions and company performance by updating their recommendations. Whether they ‘Maintain’, ‘Raise’, or ‘Lower’ their stance reflects their reaction to recent developments related to Lucid Group.–
Rating:
Analysts provide qualitative insights into stock performance, ranging from ‘Outperform’ to ‘Underperform’. These ratings convey expectations for Lucid Group’s relative performance compared to the broader market.–
Price Targets:
Analysts navigate through adjustments in price targets, providing estimates for Lucid Group’s future value. Comparing current and prior targets offers insights into analysts’ evolving expectations.Financial Performance of Lucid Group:
Lucid Group operates as a technology and automotive company, specializing in developing next-generation electric vehicle (EV) technologies. The company positions itself as a vertically integrated enterprise, designing, engineering, and building EVs, EV powertrains, and battery systems in-house.
Market Capitalization:
With restricted market capitalization, Lucid Group falls below industry averages, indicating a smaller scale relative to peers.Revenue Growth:
Lucid Group has faced challenges in revenue growth over a 3-month period. As of December 31, 2023, the company experienced a revenue decline of approximately -39.02%, reflecting a decrease in top-line earnings. This growth rate lags behind the industry average, posing challenges for the company.Net Margin:
Lucid Group’s net margin exceeds industry benchmarks, reaching -416.01%, signifying efficient cost management and strong financial health.Return on Equity (ROE):
Lucid Group’s ROE falls below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -12.75%, the company may encounter challenges in delivering satisfactory returns for shareholders.Return on Assets (ROA):
Lucid Group’s ROA also falls below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -7.49%, the company may face hurdles in achieving optimal financial returns.Debt Management:
Lucid Group adopts a prudent financial strategy, maintaining a below-average debt-to-equity ratio of 0.5, indicating a balanced approach to debt management.Analyst Ratings Disclaimer:
Analyst ratings represent the opinions of individual analysts and should not be solely relied upon when making investment decisions. Investors should conduct thorough research and consider all available information before making any investment decisions.
