Analyst Expectations For Lucid Gr's Future

Lucid Gr LCID underwent analysis by 7 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

The 12-month price targets, analyzed by analysts, offer insights with an average target of $3.63, a high estimate of $4.50, and a low estimate of $2.90. A negative shift in sentiment is evident as analysts have decreased the average price target by 34.0%.

Analyzing Analyst Ratings: A Detailed Breakdown

The standing of Lucid Gr among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Lucid Gr. This insight gives a snapshot of analysts' perspectives on the current state of the company.
• Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Lucid Gr compared to the broader market.
• Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Lucid Gr's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Lucid Gr's market standing. Stay informed and make data-driven decisions with our Ratings Table.

Stay up to date on Lucid Gr analyst ratings.

All You Need to Know About Lucid Gr

Lucid Group Inc is a technology and automotive company. It develops the next generation of electric vehicle (EV) technologies. It is a vertically integrated company that designs, engineers, and builds electric vehicles, EV powertrains, and battery systems in-house using our own equipment and factory.

Breaking Down Lucid Gr's Financial Performance

Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.

Revenue Growth: Lucid Gr's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -39.02%. This indicates a decrease in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.

Net Margin: Lucid Gr's net margin excels beyond industry benchmarks, reaching -416.01%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Lucid Gr's ROE is 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 Gr's ROA is 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: With a below-average debt-to-equity ratio of 0.5, Lucid Gr adopts a prudent financial strategy, indicating a balanced approach to debt management.

What Are Analyst Ratings?

Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.

Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.

This article was generated by Benzinga's automated content engine and reviewed by an editor.