Within the newest market shut, Lucid Group (LCID) reached $3.31, with a +1.53% motion in comparison with the day prior to this. The inventory exceeded the S&P 500, which registered a lack of 0.01% for the day. In the meantime, the Dow misplaced 0.37%, and the Nasdaq, a tech-heavy index, added 0.41%.
Shares of the an electrical automobile automaker witnessed a achieve of 5.84% over the earlier month, beating the efficiency of the Auto-Tires-Vehicles sector with its lack of 5.98% and the S&P 500’s achieve of 4.88%.
The upcoming earnings launch of Lucid Group can be of nice curiosity to buyers. The corporate’s earnings report is anticipated on February 25, 2025. It’s anticipated that the corporate will report an EPS of -$0.26, marking a ten.34% rise in comparison with the identical quarter of the earlier yr. Within the meantime, our present consensus estimate forecasts the income to be $225.46 million, indicating a 43.46% progress in comparison with the corresponding quarter of the prior yr.
Traders also needs to observe any current adjustments to analyst estimates for Lucid Group. These current revisions are likely to mirror the evolving nature of short-term enterprise tendencies. Therefore, constructive alterations in estimates signify analyst optimism concerning the corporate’s enterprise and profitability.
Empirical analysis signifies that these revisions in estimates have a direct correlation with impending inventory value efficiency. To take advantage of this, we have fashioned the Zacks Rank, a quantitative mannequin that features these estimate adjustments and presents a viable score system.
The Zacks Rank system, starting from #1 (Sturdy Purchase) to #5 (Sturdy Promote), possesses a exceptional historical past of outdoing, externally audited, with #1 shares returning a mean annual achieve of +25% since 1988. Over the previous month, the Zacks Consensus EPS estimate has moved 1.4% decrease. Lucid Group presently has a Zacks Rank of #4 (Promote).
The Automotive – Home trade is a part of the Auto-Tires-Vehicles sector. This trade presently has a Zacks Trade Rank of 165, which places it within the backside 35% of all 250+ industries.
The Zacks Trade Rank assesses the vigor of our particular trade teams by computing the common Zacks Rank of the person shares integrated within the teams. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
Make sure you comply with all of those stock-moving metrics, and plenty of extra, on Zacks.com.
7 Finest Shares for the Subsequent 30 Days
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Since 1988, the total checklist has crushed the market greater than 2X over with a mean achieve of +24.3% per yr. So you should definitely give these hand picked 7 your fast consideration.
Lucid Group, Inc. (LCID) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
