Lucid Group (NASDAQ: LCID) reported earnings for its third quarter of Fiscal Year 2022. Earnings per share came in at -$0.40, which missed analysts’ consensus estimate of -$0.31 per share. Revenue came in at $195.5 billion. This was lower than the $200.2 million that analysts were looking for.
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The company produced 2,282 vehicles and is on track to meet its target of between 6,000 to 7,000 vehicles for the year.
Shares are slightly lower in after-hours trading.
Is LCID Stock a Buy, Sell, or Hold?
LCID has a Hold consensus rating based on three Buys, one Hold, and two Sells assigned in the past three months. The average LCID stock price target of $18.80 implies 39.47% upside potential.
