Citigroup analyst Itay Michaeli maintains Lucid Gr (NASDAQ:LCID) with a Neutral and lowers the price target from $8 to $7.5.
Citigroup lowers Lucid Gr (NASDAQ:LCID) price target from $8 to $7.5 Read Post »
Needham analyst Chris Pierce maintains Lucid Gr (NASDAQ:LCID) with a Buy and lowers the price target from $10 to $9.
Needham lowers Lucid Gr (NASDAQ:LCID) price target from $10 to $9 Read Post »
Bank of America Securities analyst John Murphy downgrades Lucid Group(NASDAQ:LCID) from Buy to Neutral and lowers the price target from $18 to $10.
Bank of America lowers Lucid Group(NASDAQ:LCID) price target from $18 to $10 Read Post »
February 22, 2023 — Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced financial results for its fourth quarter and full year ended December 31, 2022. Lucid Group, Inc. (NASDAQ: LCID) reported a Q4 diluted loss of $0.28 per share,Three analysts polled by Capital IQ expected a loss of $0.42. Revenue for the quarter ended Dec. 31 was $257.7 million, Four analysts surveyed by Capital IQ expected $273.6 million. The Company produced 3,493 vehicles during Q4 at its manufacturing facility in Arizona and delivered 1,932 vehicles during the same period. On a full-year basis, the Company produced 7,180 vehicles, exceeding the 2022 annual production guidance of 6,000 to 7,000 vehicles, and delivered 4,369 vehicles in 2022. Lucid today also announced its 2023 annual production guidance of 10,000 to 14,000 vehicles. Lucid reported fourth quarter revenue of $257.7 million and annual revenue