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The closing price of Lucid Group Inc (NASDAQ: LCID) was $16.16 for the day, down -3.72% from the previous closing price of $16.78. In other words, the price has decreased by -$3.72 from its previous closing price. On the day, 24.17 million shares were traded. LCID stock price reached its highest trading level at $16.61 during the session, while it also had its lowest trading level at $15.25.
Ratios:
Our analysis of LCID’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.11 and its Current Ratio is at 2.58. In the meantime, Its Debt-to-Equity ratio is 0.64 whereas as Long-Term Debt/Eq ratio is at 0.57.
BofA Securities Downgraded its Neutral to Underperform on February 26, 2025, whereas the target price for the stock was revised from $3 to $1.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 30 ’24 when PUBLIC INVESTMENT FUND bought 374,717,927 shares for $2.59 per share. The transaction valued at 970,894,149 led to the insider holds 2,205,602,291 shares of the business.
PUBLIC INVESTMENT FUND bought 21,470,459 shares of LCID for $55,629,959 on Oct 31 ’24. The Director now owns 2,227,072,750 shares after completing the transaction at $2.59 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LCID now has a Market Capitalization of 4965967872 and an Enterprise Value of 6744809984. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.34 while its Price-to-Book (P/B) ratio in mrq is 2.06. Its current Enterprise Value per Revenue stands at 7.26 whereas that against EBITDA is -2.566.
Stock Price History:
The Beta on a monthly basis for LCID is 0.81, which has changed by -0.54733896 over the last 52 weeks, in comparison to a change of 0.20221436 over the same period for the S&P500. Over the past 52 weeks, LCID has reached a high of $40.80, while it has fallen to a 52-week low of $16.76. The 50-Day Moving Average of the stock is -29.91%, while the 200-Day Moving Average is calculated to be -34.65%.
Shares Statistics:
LCID traded an average of 13.49M shares per day over the past three months and 13420916 shares per day over the past ten days. A total of 307.23M shares are outstanding, with a floating share count of 123.65M. Insiders hold about 59.75% of the company’s shares, while institutions hold 16.82% stake in the company. Shares short for LCID as of 1755216000 were 36705791 with a Short Ratio of 2.72, compared to 1752537600 on 39323721. Therefore, it implies a Short% of Shares Outstanding of 36705791 and a Short% of Float of 43.86.
Earnings Estimates
Its stock is currently analyzed by 4.0 different market analysts. The consensus estimate for the next quarter is -$1.92, with high estimates of -$1.82 and low estimates of -$2.0.
Analysts are recommending an EPS of between -$7.4 and -$9.29 for the fiscal current year, implying an average EPS of -$8.5. EPS for the following year is -$6.75, with 8.0 analysts recommending between -$4.6 and -$11.68.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 10 analysts. It ranges from a high estimate of $532.2M to a low estimate of $284M. As of the current estimate, Lucid Group Inc’s year-ago sales were $200.04MFor the next quarter, 10 analysts are estimating revenue of $471.34M. There is a high estimate of $592M for the next quarter, whereas the lowest estimate is $328.75M.
A total of 13 analysts have provided revenue estimates for LCID’s current fiscal year. The highest revenue estimate was $1.55B, while the lowest revenue estimate was $1.13B, resulting in an average revenue estimate of $1.31B. In the same quarter a year ago, actual revenue was $807.83MBased on 13 analysts’ estimates, the company’s revenue will be $2.47B in the next fiscal year. The high estimate is $3.16B and the low estimate is $1.63B.
