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S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
The Strategic Gold Play You Haven't Heard About (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
All the trading advice you’ve ever received boils down to this (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
U.S. Military Defense Fails Without Vanadium? (Ad)
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
The Strategic Gold Play You Haven't Heard About (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
All the trading advice you’ve ever received boils down to this (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
U.S. Military Defense Fails Without Vanadium? (Ad)
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
The Strategic Gold Play You Haven't Heard About (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
All the trading advice you’ve ever received boils down to this (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
U.S. Military Defense Fails Without Vanadium? (Ad)
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts

Lucid Group Stock Price, News & Analysis (NASDAQ:LCID)

$4.36
+0.03 (+0.69%)
(As of 12/4/2023 ET)
Compare
Today's Range
$4.25
$4.53
50-Day Range
$3.76
$5.59
52-Week Range
$3.62
$17.81
Volume
20.42 million shs
Average Volume
31.88 million shs
Market Capitalization
$9.98 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.94

Lucid Group MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.78 Rating Score
Upside/​Downside
36.3% Upside
$5.94 Price Target
Short Interest
Bearish
28.81% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.06mentions of Lucid Group in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$280,877 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.39) to ($1.04) Per Share

Overall MarketRank

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

1.95 out of 5 stars

Auto/Tires/Trucks Sector

46th out of 82 stocks

Motor Vehicles & Car Bodies Industry

13th 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

Fisker Inc. price implosion; is it time to buy the dip? (LCID)
Fisker Inc.'s share price imploded following the Q3 release but bottom-seekers and speculators are already buying the dip.
Lucid investors seek clarity; downtrend intact, new lows ahead
Lucid Group had a tough quarter and faces challenges not seen by Rivian; Analysts are lowering their targets and helping to keep this stock trending lower.
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Why Lucid Stock Initially Dropped Today
Lucid Group (NASDAQ:LCID) Lowered to Hold at Needham & Company LLC
Needham Downgrades Lucid Group (LCID)
The Battery Metal Nobody Told You About
According to McKinsey and Company, the battery storage market is growing rapidly, especially with the transition to clean, renewable energy. Lithium-ion batteries still grab most of the headlines. But analysts now call safe and long-lasting batteries made with vanadium "the future of battery tech."
Why Lucid Stock Is On Reverse Gear In Today's Premarket
Lucid downgrade, Roku upgrade: Trending Tickers
Where Will Lucid Group Stock Be in 1 Year?
Where Will Lucid Stock Be in 10 Years?
Lucid Group Inc Shs
Can Lucid (NASDAQ:LCID) Shares Regain Their Lost Glory Anytime Soon?
Massive News for Lucid Stock Investors!
See More Headlines
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Company Calendar

Last Earnings
11/07/2023
Today
12/05/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/28/2024

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
$5.94
High Stock Price Target
$8.00
Low Stock Price Target
$4.00
Potential Upside/Downside
+36.3%
Consensus Rating
Reduce
Rating Score (0-4)
1.78
Research Coverage
9 Analysts

Profitability

Net Income
$-1,304,460,000.00
Net Margins
-380.45%
Pretax Margin
-380.33%

Debt

Sales & Book Value

Annual Sales
$608.18 million
Book Value
$2.38 per share

Miscellaneous

Outstanding Shares
2,289,430,000
Free Float
858,536,000
Market Cap
$9.98 billion
Optionable
Not Optionable
Beta
1.10
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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)
    Senior VP of Product & Chief Engineer
    Comp: $488.94k
  • Mr. Michael  BellMr. Michael Bell (Age 55)
    Senior Vice President of Digital
    Comp: $512.98k
  • Mr. Steven David
    Senior Vice President of Operations
  • Mr. Maynard Joseph Um
    Head of Investor Relations
  • Ms. Jessica Nigro
    Vice President of Corporate Communications & External Affairs
  • Mr. Zak Edson
    Vice President of Sales & Service
  • Mr. Andrea Soriani
    Vice President of Marketing
  • Ms. Gale Halsey
    Vice President of People














LCID Stock Analysis - Frequently Asked Questions

Should I buy or sell Lucid Group stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lucid Group in the last year. There are currently 2 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?

9 analysts have issued 12-month price targets for Lucid Group's shares. Their LCID share price targets range from $4.00 to $8.00. On average, they predict the company's share price to reach $5.94 in the next twelve months. This suggests a possible upside of 36.3% 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 2023?

Lucid Group's stock was trading at $6.83 at the beginning of the year. Since then, LCID stock has decreased by 36.2% and is now trading at $4.36.
View the best growth stocks for 2023 here
.

When is Lucid Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our LCID earnings forecast
.

How were Lucid Group's earnings last quarter?

Lucid Group, Inc. (NASDAQ:LCID) posted its quarterly earnings results on Tuesday, November, 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by $0.01. The business had revenue of $137.81 million for the quarter, compared to analyst estimates of $185.10 million. Lucid Group had a negative net margin of 380.45% and a negative trailing twelve-month return on equity of 58.91%. The firm's revenue was down 29.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.40) 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 investors include Mirae Asset Global Investments Co. Ltd. (0.45%), Morgan Stanley (0.45%), Wolverine Asset Management LLC (0.00%), Invesco Ltd. (0.26%), Northern Trust Corp (0.23%) and Legal & General Group Plc (0.22%). 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.

This page (NASDAQ:LCID) was last updated on 12/5/2023 by MarketBeat.com Staff

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