Decoding 8 Analyst Evaluations For Lucid Gr

Lucid Gr LCID underwent analysis by 8 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $3.55, along with a high estimate of $4.50 and a low estimate of $2.90. A 32.89% drop is evident in the current average compared to the previous average price target of $5.29.

Decoding Analyst Ratings: A Detailed Look

The analysis of recent analyst actions sheds light on the perception of Lucid Gr by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Lucid Gr. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Lucid Gr compared to the broader market.
• Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Lucid Gr's stock. This examination reveals shifts in analysts' expectations over time.

Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Lucid Gr's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.

Stay up to date on Lucid Gr analyst ratings.

Discovering Lucid Gr: A Closer Look

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.

A Deep Dive into Lucid Gr's Financials

Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.

Positive Revenue Trend: Examining Lucid Gr's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 15.6% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.

Net Margin: Lucid Gr's net margin is impressive, surpassing industry averages. With a net margin of -396.41%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): Lucid Gr's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -15.08%, the company may face hurdles in achieving optimal financial performance.

Return on Assets (ROA): Lucid Gr's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -7.87%, the company may face hurdles in generating optimal returns from its assets.

Debt Management: Lucid Gr's debt-to-equity ratio is below the industry average at 0.57, reflecting a lower dependency on debt financing and a more conservative financial approach.

The Significance of Analyst Ratings Explained

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

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