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Lowest-Rated StocksLowest-Rated
NASDAQ:LCID

Lucid Group (LCID) Stock Forecast, Price & News

$5.31
+0.18 (+3.51%)
(As of 09/26/2023 ET)
Compare
Today's Range
$5.12
▼
$5.39
50-Day Range
$5.11
▼
$7.61
52-Week Range
$4.97
▼
$17.81
Volume
29.79 million shs
Average Volume
32.82 million shs
Market Capitalization
$12.12 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$8.15
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media

Lucid Group MarketRank™ Forecast

Analyst Rating
Hold
2.10 Rating Score
Upside/​Downside
53.5% Upside
$8.15 Price Target
Short Interest
Bearish
39.90% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.56mentions of Lucid Group in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$280,877 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.51) to ($1.07) Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.16 out of 5 stars

Auto/Tires/Trucks Sector

48th out of 93 stocks

Motor Vehicles & Car Bodies Industry

13th out of 29 stocks

See Top Rated MarketRank™ Stocks Here

LCID stock logo

About Lucid Group (NASDAQ:LCID) Stock

Lucid Group Inc., formerly Churchill Capital Corp IV, is an American electric vehicle manufacturer based in Newark, California. Founded in 2007, the company has established a reputation for producing high-end electric vehicles. Lucid specializes in designing, engineering, and constructing electric vehicles, EV powertrains and battery systems. As of November 18, 2022, the firm operates 29 retail studios in the U.S. and 32 globally. 

Lucid Motors is renowned for its flagship electric sedan, the Lucid Air. The company produces this post-luxury vehicle at the company's Greenfield electric vehicle manufacturing facility in Casa Grande, Arizona. The Air is powered by two electric motors and can reach a software-limited top speed of 349 miles per hour. 

The Air won Motor Trend's 2022 Car of the Year, the first time a new car model earned the award. Lucid Motors teased an electric SUV concept in September 2020 called Project Gravity, featuring an image and brief video clip. Since then, it announced that Gravity will enter production in 2024.

Lucid Motors stands out for its groundbreaking technological innovation, vertical integration and clean-sheet approach to engineering and design. The firm designs, creates and builds energy storage systems for electric vehicles and supplies other automakers with the vehicle platform needed to power plug-in, hybrid and electric vehicles. Lucid Motors also partners with Amazon to build compatibility with Amazon's Alexa voice assistant, allowing drivers to use the voice assistant for navigation, phone calls, media streaming and intelligent home control while driving.

The firm has attracted investments from Tsing Capital, Mitsui, Venrock, and JAFCO. In 2018, the Public Investment Fund of Saudi Arabia invested $1 billion in Lucid Motors. In 2021, the fund committed to purchasing at least 50,000 electric vehicles and up to 100,000 electric cars from Lucid Motors over ten years. To meet the increased demand, Lucid broke ground on a Casa Grande, Arizona factory in December 2019. 

In February 2022, Lucid announced plans to construct a new manufacturing plant in Saudi Arabia to produce 150,000 vehicles annually. On December 19, 2022, Lucid Group Inc. closed a $1.5 billion funding round, including Saudi Arabia's Public Investment Fund's purchase of nearly 86 million company shares. As of the end of January 2023, speculation suggested that the Saudi Arabia Public Investment fund would discuss a buyout of Lucid Group Inc. 

Lucid Motors is also involved in the Formula E racing series. The company designs, manufactures and supplies battery packs for gen2 Formula E race teams for the 2018-2019 season through the 2021-2022 season. Lucid Motors has joined McLaren Applied Technologies and Sony to develop Formula E specifications.


LCID Price History

LCID Stock News Headlines

September 26, 2023 | msn.com
Why Electric Vehicle Stocks Like Lucid Group Shot Higher Today
September 23, 2023 | msn.com
Lucid: Approaching Penny Stock Status
September 26, 2023 | Legacy Research (Ad)
WARNING: Mandatory U.S. Dollar Recall is Weeks Away
If you have any U.S. dollars in your bank account… You must see this shocking video exposing the government’s new plan to recall the U.S. dollar. According to Business Insider, this recall “could be imminent.” And if you don’t prepare now, you could end up holding a bunch of worthless U.S. dollars.
September 23, 2023 | msn.com
Lucid Secures Operating License To Begin EV Production In Saudi Arabia
September 22, 2023 | msn.com
Unusual Put Option Trade in Lucid Group (LCID) Worth $4,310.00K
September 21, 2023 | benzinga.com
What's Going On With Lucid Motors Stock?
September 20, 2023 | msn.com
Lucid Group (LCID) Stock Moves -0.91%: What You Should Know
September 20, 2023 | msn.com
RBC Capital Reiterates Lucid Group (LCID) Sector Perform Recommendation
September 26, 2023 | Legacy Research (Ad)
WARNING: Mandatory U.S. Dollar Recall is Weeks Away
If you have any U.S. dollars in your bank account… You must see this shocking video exposing the government’s new plan to recall the U.S. dollar. According to Business Insider, this recall “could be imminent.” And if you don’t prepare now, you could end up holding a bunch of worthless U.S. dollars.
September 20, 2023 | americanbankingnews.com
Lucid Group (NASDAQ:LCID) Given "Sector Perform" Rating at Royal Bank of Canada
September 20, 2023 | americanbankingnews.com
Lucid Group (NASDAQ:LCID) Sets New 12-Month Low After Insider Selling
September 19, 2023 | msn.com
Teardown Expert Says Lucid's Electric Drive System The Only Thing That Can Beat Tesla: 'Works Brilliantly Well..Like A Scalded Cat'
September 19, 2023 | msn.com
Lucid: Short-Sellers Be Warned
September 19, 2023 | finance.yahoo.com
Tesla Is the Most Shorted Car Stock. These Auto Makers Are Second and Third.
September 19, 2023 | americanbankingnews.com
Michael Bell Sells 46,735 Shares of Lucid Group, Inc. (NASDAQ:LCID) Stock
September 19, 2023 | americanbankingnews.com
Lucid Group, Inc. (NASDAQ:LCID) Sees Large Growth in Short Interest
September 18, 2023 | finance.yahoo.com
Tesla, Saudi Arabia in Early Talks for EV Factory
September 13, 2023 | msn.com
LCID Stock Analysis: Is Now the Right Time to Buy, Sell, or Hold?
September 12, 2023 | markets.businessinsider.com
3 Overpaid CEOs Raking In Far More Than They Are Worth
September 10, 2023 | msn.com
EV Stock Lucid Remains a ‘Show Me’ Story, Says Analyst
September 8, 2023 | au.investing.com
RBC says Lucid products are 'compelling but do not have enough traction'; Initiates coverage at 'sector perform'
September 8, 2023 | msn.com
RBC Capital Initiates Coverage of Lucid Group (LCID) with Sector Perform Recommendation
September 7, 2023 | proactiveinvestors.com
Lucid eyes Chinese expansion
September 7, 2023 | msn.com
Lucid Group (NASDAQ:LCID) Evaluating Possible China Entry
September 7, 2023 | msn.com
Baird Initiates Coverage of Lucid Group (LCID) with Neutral Recommendation
September 6, 2023 | au.investing.com
Baird initiates Lucid at Neutral; Performance is 'among the best'
September 6, 2023 | msn.com
Lucid has top-notch tech, but Baird says some issues remain challenging
See More Headlines
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LCID Company Calendar

Last Earnings
8/07/2023
Today
9/26/2023
Next Earnings (Estimated)
11/14/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Motor vehicles & car bodies
Sub-Industry
N/A
Sector
Auto/Tires/Trucks
Current Symbol
NASDAQ:LCID
CUSIP
N/A
CIK
1811210
Web
iv.churchillcapitalcorp.com
Phone
510-648-3553
Fax
N/A
Employees
7,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$8.15
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$5.00
Forecasted Upside/Downside
+53.2%
Consensus Rating
Hold
Rating Score (0-4)
2.10
Research Coverage
10 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($1.51)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-1,304,460,000.00
Net Margins
-337.97%
Pretax Margin
-337.88%
Return on Equity
-64.02%
Return on Assets
-34.97%

Debt

Debt-to-Equity Ratio
0.35
Current Ratio
7.07
Quick Ratio
6.11

Sales & Book Value

Annual Sales
$608.18 million
Price / Sales
19.97
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$2.38 per share
Price / Book
2.24

Miscellaneous

Outstanding Shares
2,282,650,000
Free Float
855,994,000
Market Cap
$12.14 billion
Optionable
Not Optionable
Beta
1.05
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Get This Free Report

Key Executives

  • Mr. Peter Dore Rawlinson (Age 64)
    CEO, CTO & Director
    Comp: $596.43k
  • Ms. Sherry House CPA
    Chief Financial Officer
  • Mr. Eric Bach (Age 49)
    Sr. VP of Product & Chief Engineer
    Comp: $488.94k
  • Mr. Michael BellMr. Michael Bell (Age 55)
    Sr. VP of Digital
    Comp: $512.98k
  • Mr. Steven David
    Sr. VP of Operations
  • Mr. Gagan Dhingra (Age 49)
    VP of Accounting & Internal Controls and Principal Accounting Officer
  • Mr. Maynard Joseph Um
    Head of Investor Relations
  • Ms. Jessica Nigro
    VP of Corp. Communications & External Affairs
  • Mr. Zak Edson
    VP of Sales & Service
  • Mr. Andrea Soriani
    VP of Marketing

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













LCID Stock - Frequently Asked Questions

Should I buy or sell Lucid Group stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lucid Group in the last year. There are currently 2 sell ratings, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LCID shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LCID, but not buy additional shares or sell existing shares.
View LCID analyst ratings or view top-rated stocks.

What is Lucid Group's stock price forecast for 2023?

10 equities research analysts have issued twelve-month price objectives for Lucid Group's shares. Their LCID share price forecasts range from $5.00 to $12.00. On average, they predict the company's stock price to reach $8.15 in the next twelve months. This suggests a possible upside of 53.2% from the stock's current price.
View analysts price targets for LCID or view top-rated stocks among Wall Street analysts.

How have LCID shares performed in 2023?

Lucid Group's stock was trading at $6.83 at the beginning of the year. Since then, LCID stock has decreased by 22.1% and is now trading at $5.32.
View the best growth stocks for 2023 here.

Are investors shorting Lucid Group?

Lucid Group saw a increase in short interest in August. As of August 31st, there was short interest totaling 201,890,000 shares, an increase of 5.4% from the August 15th total of 191,470,000 shares. Based on an average daily volume of 45,400,000 shares, the short-interest ratio is presently 4.4 days. Approximately 39.9% of the company's stock are short sold.
View Lucid Group's Short Interest.

When is Lucid Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our LCID earnings forecast.

How were Lucid Group's earnings last quarter?

Lucid Group, Inc. (NASDAQ:LCID) released its quarterly earnings results on Monday, August, 7th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.35) by $0.05. The firm earned $150.90 million during the quarter, compared to analysts' expectations of $181.58 million. Lucid Group had a negative net margin of 337.97% and a negative trailing twelve-month return on equity of 64.02%. The firm's revenue for the quarter was up 55.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.33) earnings per share.

What ETFs hold Lucid Group's stock?

ETFs with the largest weight of Lucid Group (NASDAQ:LCID) stock in their portfolio include Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV), VanEck Green Infrastructure ETF (RNEW), Roundhill MEME ETF (MEME), ALPS Clean Energy ETF (ACES), iShares Self-Driving EV and Tech ETF (IDRV), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), VanEck Social Sentiment ETF (BUZZ) and Direxion Moonshot Innovators ETF (MOON).

What is Lucid Group's stock symbol?

Lucid Group trades on the NASDAQ under the ticker symbol "LCID."

Who are Lucid Group's major shareholders?

Lucid Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (2.47%), State Street Corp (0.70%), Geode Capital Management LLC (0.68%), Mirae Asset Global Investments Co. Ltd. (0.54%), Wolverine Asset Management LLC (0.00%) and Northern Trust Corp (0.25%). Insiders that own company stock include Michael Bell and Public Investment Fund.
View institutional ownership trends.

How do I buy shares of Lucid Group?

Shares of LCID stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Lucid Group's stock price today?

One share of LCID stock can currently be purchased for approximately $5.32.

How much money does Lucid Group make?

Lucid Group (NASDAQ:LCID) has a market capitalization of $12.14 billion and generates $608.18 million in revenue each year. The company earns $-1,304,460,000.00 in net income (profit) each year or ($1.51) on an earnings per share basis.

How many employees does Lucid Group have?

The company employs 7,200 workers across the globe.

How can I contact Lucid Group?

Lucid Group's mailing address is 640 FIFTH AVENUE 12TH FLOOR, NEW YORK NY, 10019. The official website for the company is iv.churchillcapitalcorp.com. The company can be reached via phone at 510-648-3553 or via email at investor@lucidmotors.com.

This page (NASDAQ:LCID) was last updated on 9/26/2023 by MarketBeat.com Staff

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