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Lucid Group (LCID) Stock Price, News & Analysis

$2.64
-0.02 (-0.75%)
(As of 06/12/2024 ET)
Today's Range
$2.63
$2.76
50-Day Range
$2.38
$3.12
52-Week Range
$2.29
$8.37
Volume
20.09 million shs
Average Volume
31.11 million shs
Market Capitalization
$6.10 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$4.24

Lucid Group MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.70 Rating Score
Upside/​Downside
60.3% Upside
$4.24 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.08mentions of Lucid Group in the last 14 days
Based on 22 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From ($1.16) to ($1.23) 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.

1.12 out of 5 stars

Auto/Tires/Trucks Sector

69th out of 80 stocks

Motor Vehicles & Car Bodies Industry

20th out of 26 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

Ouch! 3 Growth Stocks to Sell or You're Gonna Get Burned.
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Brokerages Set Lucid Group, Inc. (NASDAQ:LCID) Target Price at $4.24
Rivian and Lucid Are Toast
Lucid Group (NASDAQ:LCID) Trading Down 1.8%
The Best 3 EV Stocks to buy in June 2024
Crippled Lucid Buried by Competition
Why Risky Lucid Stock Is an Overhyped Sell
See More Headlines
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Company Calendar

Last Earnings
5/06/2024
Today
6/12/2024
Next Earnings (Estimated)
8/05/2024
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
6,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$4.24
High Stock Price Target
$6.00
Low Stock Price Target
$2.90
Potential Upside/Downside
+60.3%
Consensus Rating
Reduce
Rating Score (0-4)
1.70
Research Coverage
10 Analysts

Profitability

Net Income
$-2,828,420,000.00
Net Margins
-441.29%
Pretax Margin
-441.12%

Debt

Sales & Book Value

Annual Sales
$595.27 million
Book Value
$2.11 per share

Miscellaneous

Outstanding Shares
2,307,150,000
Free Float
893,790,000
Market Cap
$6.10 billion
Optionable
Optionable
Beta
1.06
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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 research analysts have issued "buy," "hold," and "sell" ratings for Lucid Group in the last year. There are currently 3 sell ratings and 7 hold ratings for the stock. The consensus among Wall Street research 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 Wall Street analysts have issued twelve-month price targets for Lucid Group's stock. Their LCID share price targets range from $2.90 to $6.00. On average, they expect the company's share price to reach $4.24 in the next twelve months. This suggests a possible upside of 60.3% 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 at the beginning of the year. Since then, LCID shares have decreased by 37.2% and is now trading at $2.6450.
View the best growth stocks for 2024 here
.

When is Lucid Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 5th 2024.
View our LCID earnings forecast
.

How were Lucid Group's earnings last quarter?

Lucid Group, Inc. (NASDAQ:LCID) announced its quarterly earnings results on Monday, May, 6th. The company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.25) by $0.05. The company had revenue of $172.74 million for the quarter, compared to analyst estimates of $173.54 million. Lucid Group had a negative net margin of 441.29% and a negative trailing twelve-month return on equity of 53.53%. Lucid Group's quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.43) earnings per share.

Who are Lucid Group's major shareholders?

Lucid Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (3.64%), Mirae Asset Global Investments Co. Ltd. (0.40%), Shaolin Capital Management LLC (0.00%), Healthcare of Ontario Pension Plan Trust Fund (0.11%), Swiss National Bank (0.08%) and California State Teachers Retirement System (0.04%). 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 6/13/2024 by MarketBeat.com Staff

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