MarketBeat ‘Stock of the Week’: Lucid a high risk EV penny stock

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Should you invest $1,000 in Lucid Group right now?

Before you consider Lucid Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lucid Group wasn't on the list.

While Lucid Group currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Lucid Group (LCID)
2.2585 of 5 stars
$3.12+11.0%N/A-2.46Reduce$4.24
Tesla (TSLA)
4.3972 of 5 stars
$177.55+3.3%N/A45.29Hold$185.90
BYD (BYDDY)
1.5514 of 5 stars
$57.05-0.3%0.46%20.45BuyN/A
Carvana (CVNA)
3.0561 of 5 stars
$120.82+3.4%N/A52.99Hold$77.60
Rivian Automotive (RIVN)
3.1744 of 5 stars
$11.19+2.7%N/A-1.94Moderate Buy$19.00
NIO (NIO)
2.009 of 5 stars
$5.79+6.9%N/A-3.31Reduce$8.43
C3.ai (AI)
2.0543 of 5 stars
$26.27+5.3%N/A-11.27Hold$31.50
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Lucid’s Stock Price Still in Reverse

Lucid’s Stock Price Still in Reverse

Lucid’s stock price has been down-trending since 2021, and it is not over. The Q1 results aren’t horrible, but they did nothing to improve the outlook for growth, market domination, or profits.

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