S&P 500   5,069.53
DOW   39,069.23
QQQ   436.55
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How major US stock indexes fared Monday, 2/26/2024
S&P 500   5,069.53
DOW   39,069.23
QQQ   436.55
Is CRISPR Therapeutics the NVIDIA of gene editing?
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
3 Chinese stocks poised for rebound
4 stocks benefitting from NVIDIA's explosive growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
These 2 carnivore dining stocks gaining on the Ozempic craze
This healthcare stock making a buzz with 160% growth
Critical asset just had biggest fall on record (Ad)
First it was Tyson stock, now this food company is set to rally
How major US stock indexes fared Monday, 2/26/2024
S&P 500   5,069.53
DOW   39,069.23
QQQ   436.55
Is CRISPR Therapeutics the NVIDIA of gene editing?
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
3 Chinese stocks poised for rebound
4 stocks benefitting from NVIDIA's explosive growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
These 2 carnivore dining stocks gaining on the Ozempic craze
This healthcare stock making a buzz with 160% growth
Critical asset just had biggest fall on record (Ad)
First it was Tyson stock, now this food company is set to rally
How major US stock indexes fared Monday, 2/26/2024
S&P 500   5,069.53
DOW   39,069.23
QQQ   436.55
Is CRISPR Therapeutics the NVIDIA of gene editing?
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
3 Chinese stocks poised for rebound
4 stocks benefitting from NVIDIA's explosive growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
These 2 carnivore dining stocks gaining on the Ozempic craze
This healthcare stock making a buzz with 160% growth
Critical asset just had biggest fall on record (Ad)
First it was Tyson stock, now this food company is set to rally
How major US stock indexes fared Monday, 2/26/2024

Lucid Group (LCID) Stock Price, News & Analysis

$3.15
+0.13 (+4.30%)
(As of 02/26/2024 ET)
Today's Range
$3.01
$3.30
50-Day Range
$2.65
$4.72
52-Week Range
$2.54
$9.26
Volume
36.84 million shs
Average Volume
42.72 million shs
Market Capitalization
$7.21 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$4.90

Lucid Group MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.70 Rating Score
Upside/​Downside
55.6% Upside
$4.90 Price Target
Short Interest
Bearish
30.85% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.36mentions of Lucid Group in the last 14 days
Based on 58 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From ($1.09) to ($1.17) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.62 out of 5 stars

Auto/Tires/Trucks Sector

72nd out of 82 stocks

Motor Vehicles & Car Bodies Industry

24th out of 29 stocks


LCID stock logo

About Lucid Group Stock (NASDAQ:LCID)

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 Stock Price History

LCID Stock News Headlines

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Should Investors Buy Lucid Stock on the Dip?
3 Short Squeeze Stocks to Watch Like a Hawk in February
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Lucid Group (NASDAQ:LCID) Shares Down 4.9% on Analyst Downgrade
Lucid Troubles Keep Building
Lucid Stock: Entering Terminal Decline After Q4 Earnings
Cantor Fitzgerald Lowers Lucid Group (NASDAQ:LCID) to Underweight
Lucid Group (NASDAQ:LCID) PT Lowered to $4.50 at Bank of America
Lucid Group (NASDAQ:LCID) PT Lowered to $4.00
Lucid Group (NASDAQ:LCID) Shares Gap Down After Earnings Miss
5 Investors Betting Big on Lucid Motors (LCID) Stock
Why Lucid Stock Is Driving Off the Road Today
See More Headlines
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Company Calendar

Last Earnings
2/21/2024
Today
2/26/2024
Next Earnings (Estimated)
5/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Motor vehicles & car bodies
Sub-Industry
N/A
Current Symbol
NASDAQ:LCID
Fax
N/A
Employees
7,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$4.90
High Stock Price Target
$7.50
Low Stock Price Target
$4.00
Potential Upside/Downside
+55.6%
Consensus Rating
Reduce
Rating Score (0-4)
1.70
Research Coverage
10 Analysts

Profitability

Net Income
$-2,828,420,000.00
Net Margins
-475.15%
Pretax Margin
-380.33%

Debt

Sales & Book Value

Annual Sales
$595.27 million
Book Value
$2.38 per share

Miscellaneous

Outstanding Shares
2,289,430,000
Free Float
858,536,000
Market Cap
$7.21 billion
Optionable
Optionable
Beta
1.07
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Key Executives

  • Mr. Peter Dore Rawlinson (Age 65)
    CEO, CTO & Director
    Comp: $596.43k
  • Mr. Eric Bach (Age 50)
    Senior VP of Product & Chief Engineer
    Comp: $488.94k
  • Mr. Michael  BellMr. Michael Bell (Age 56)
    Senior Vice President of Digital
    Comp: $512.98k
  • Mr. Gagan Dhingra (Age 49)
    Interim CFO, VP of Accounting & Internal Controls and Principal Accounting & Financial Officer
  • Mr. Marc Winterhoff
    Chief Operating Officer
  • Mr. Maynard Joseph Um
    Head of Investor Relations
  • Mr. Matt Everitt
    General Counsel
  • Mr. Andrea Soriani
    Vice President of Marketing & Communication
  • Mr. Zak Edson
    Vice President of Sales & Service
  • Ms. Gale Halsey
    Vice President of People














LCID Stock Analysis - Frequently Asked Questions

Should I buy or sell Lucid Group stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lucid Group in the last twelve months. There are currently 3 sell ratings and 7 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" LCID shares.
View LCID analyst ratings
or view top-rated stocks.

What is Lucid Group's stock price target for 2024?

10 analysts have issued 1 year target prices for Lucid Group's shares. Their LCID share price targets range from $4.00 to $7.50. On average, they predict the company's stock price to reach $4.90 in the next twelve months. This suggests a possible upside of 55.6% 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 2024?

Lucid Group's stock was trading at $4.21 on January 1st, 2024. Since then, LCID shares have decreased by 25.2% and is now trading at $3.15.
View the best growth stocks for 2024 here
.

Are investors shorting Lucid Group?

Lucid Group saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 269,740,000 shares, an increase of 5.2% from the January 15th total of 256,310,000 shares. Based on an average trading volume of 39,750,000 shares, the days-to-cover ratio is presently 6.8 days. Currently, 30.9% of the company's stock are sold short.
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 Monday, May 13th 2024.
View our LCID earnings forecast
.

How were Lucid Group's earnings last quarter?

Lucid Group, Inc. (NASDAQ:LCID) issued its quarterly earnings data on Wednesday, February, 21st. The company reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates of ($0.28) by $0.01. The company earned $157.20 million during the quarter, compared to the consensus estimate of $179.88 million. Lucid Group had a negative net margin of 475.15% and a negative trailing twelve-month return on equity of 56.58%. The firm's quarterly revenue was down 39.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.40) earnings per share.

Who are Lucid Group's major shareholders?

Lucid Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (3.64%), Mirae Asset Global Investments Co. Ltd. (0.50%), Balyasny Asset Management L.P. (0.00%), First Trust Advisors LP (0.42%), Wolverine Asset Management LLC (0.00%) and Legal & General Group Plc (0.28%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:LCID) was last updated on 2/27/2024 by MarketBeat.com Staff