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NASDAQ:LCID

Lucid Group (LCID) Stock Forecast, Price & News

$7.76
+0.05 (+0.65%)
(As of 05/31/2023 ET)
Compare
Today's Range
$7.49
▼
$7.81
50-Day Range
$6.74
▼
$8.46
52-Week Range
$6.09
▼
$21.78
Volume
27.53 million shs
Average Volume
24.00 million shs
Market Capitalization
$14.23 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$9.79
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media

Lucid Group MarketRank™ Forecast

Analyst Rating
Hold
2.13 Rating Score
Upside/​Downside
26.1% Upside
$9.79 Price Target
Short Interest
Bearish
23.04% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.79mentions of Lucid Group in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.57) to ($1.03) Per Share

Overall MarketRank™

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

1.75 out of 5 stars

Auto/Tires/Trucks Sector

80th out of 100 stocks

Motor Vehicles & Car Bodies Industry

23rd out of 31 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.


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LCID Stock News Headlines

May 22, 2023 | marketbeat.com
Blue Bird is an EV Company that Actually Makes Money (LCID)
Blue Bird Co. (Nasdaq: BLBD) is the largest manufacturer of low-emission school buses in the U.S. Its yellow school buses have been used by generations of
May 16, 2023 | marketbeat.com
Workhorse Group: Consider Getting Back on the Horse  (LCID)
Workhorse Group Inc. is ramping production and on track to reach its 2023 goals, including at least $75 million in revenue.
May 31, 2023 | Behind the Markets (Ad)
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
May 13, 2023 | marketbeat.com
MarketBeat Week in Review – 5/8 - 5/12 (LCID)
Inflation, bank woes, interest rates, and the debt ceiling led to more of the new normal for equity markets. Here are some of this week's most popular articles
May 12, 2023 | marketbeat.com
High-Risk Mullen Automotive Continues To Build Momentum  (LCID)
Mullen Automotive is as risky as they come but remains compelling enough that the institutions are buying more. Production is expected to start this summer.
May 10, 2023 | marketbeat.com
Rivian Leads EV Startups But Will The Stock Move Higher?  (LCID)
Rivian had a good quarter and sent shares skyrocketing; the question is if this rally is sustainable or if there will be another buying opportunity.
May 9, 2023 | marketbeat.com
Lucid Group Bottomed, But The Outlook Remains Cloudy
Lucid Group did not give much clarity regarding its financial outlook, as production and deliveries fall short of expectations.
May 2, 2023 | marketbeat.com
Why China's BYD May Be About To Overtake Tesla In The EV Market (LCID)
U.S. investors may be overlooking the potential of China-based EV maker BYD, which is aggressively ramping up production and has Tesla in its sights.
May 31, 2023 | Legacy Research (Affiliate) (Ad)
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty
A unique type of investment could help you make more money than you will need for the rest of your life. It’s what we call the “Amazon secret royalty program.” It’s an income stream that allows you to collect $1,000s… $10,000s… or more every year! Learn how to collect your first payout before June 13th.
May 31, 2023 | reuters.com
Lucid to raise about $3 bln from Saudi's PIF, others
May 31, 2023 | msn.com
Why Lucid Shares Are Backing Up After Hours
May 31, 2023 | msn.com
Lucid stock falls after EV maker files for new offering, seeking $3 billion
May 31, 2023 | msn.com
EV maker Lucid announces $3 billion raise from Saudi public wealth fund and stock offering
May 31, 2023 | finance.yahoo.com
Lucid Group, Inc. Announces Public Offering of Common Stock and Corresponding Investment by an Affiliate of PIF for Aggregate Expected Gross Proceeds of Approximately $3.0 Billion
May 30, 2023 | finance.yahoo.com
Lucid: Great Car, but Poor Financial Situation
May 30, 2023 | seekingalpha.com
Lucid: Volatility Remains Its Middle Name
May 29, 2023 | msn.com
'Pack A Bag And Go:' Why Lucid Is Telling Potential EV Customers To Take A Grand Tour
May 24, 2023 | seekingalpha.com
Lucid Has Big Problems
May 22, 2023 | msn.com
Why did Lucid Stock jump today? EV stocks got a boost from Ford
May 22, 2023 | msn.com
Lucid Group Stock: Buy, Sell, or Hold?
May 19, 2023 | seekingalpha.com
Lucid: I Wouldn't Touch It With A Ten-Foot Pole
May 18, 2023 | msn.com
Unusual Put Option Trade in Lucid Group (LCID) Worth $436.00K
May 18, 2023 | msn.com
If You Invested $1,000 in Lucid Group at Its IPO, This Is How Much You Would Have Today
May 17, 2023 | americanbankingnews.com
Lucid Group, Inc. (NASDAQ:LCID) Short Interest Up 7.9% in April
May 15, 2023 | investorplace.com
Sell LCID Stock? Laying Out the Bear Case for Lucid Group.
May 14, 2023 | americanbankingnews.com
Lucid Group, Inc. Forecasted to Post FY2023 Earnings of ($1.60) Per Share (NASDAQ:LCID)
May 12, 2023 | americanbankingnews.com
Needham & Company LLC Trims Lucid Group (NASDAQ:LCID) Target Price to $10.00
See More Headlines
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LCID Company Calendar

Last Earnings
5/08/2023
Today
5/31/2023
Next Earnings (Estimated)
8/02/2023
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
$9.79
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$5.00
Forecasted Upside/Downside
+26.1%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
8 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($1.44)
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
-286.13%
Pretax Margin
-286.10%
Return on Equity
-59.10%
Return on Assets
-30.25%

Debt

Debt-to-Equity Ratio
0.57
Current Ratio
4.06
Quick Ratio
3.06

Sales & Book Value

Annual Sales
$608.18 million
Price / Sales
23.40
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$1.98 per share
Price / Book
3.92

Miscellaneous

Outstanding Shares
1,834,250,000
Free Float
687,843,000
Market Cap
$14.23 billion
Optionable
Not Optionable
Beta
1.11

Key Executives

  • Mr. Peter Dore Rawlinson (Age 64)
    CEO, CTO & Director
    Comp: $9.5M
  • Ms. Sherry House CPA
    Chief Financial Officer
  • Mr. Eric Bach (Age 49)
    Sr. VP of Product & Chief Engineer
    Comp: $7.89M
  • Mr. Michael Bell (Age 55)
    Sr. VP of Digital
    Comp: $2.25M
  • 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
  • Mr. Jonathan Butler
    Sr. VP, Gen. Counsel & Sec.
  • Mr. Jeff Curry
    VP of Marketing & Communications
  • Mr. Zak Edson
    VP of Sales & Service

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?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lucid Group in the last twelve months. There are currently 2 sell ratings, 3 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?

8 brokerages have issued 1 year price targets for Lucid Group's stock. Their LCID share price forecasts range from $5.00 to $12.00. On average, they anticipate the company's stock price to reach $9.79 in the next year. This suggests a possible upside of 26.1% 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 on January 1st, 2023. Since then, LCID shares have increased by 13.6% and is now trading at $7.76.
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, August 2nd 2023.
View our LCID earnings forecast.

How were Lucid Group's earnings last quarter?

Lucid Group, Inc. (NASDAQ:LCID) announced its earnings results on Monday, May, 8th. The company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.37) by $0.06. The company had revenue of $149.43 million for the quarter, compared to the consensus estimate of $211.53 million. Lucid Group had a negative trailing twelve-month return on equity of 59.10% and a negative net margin of 286.13%. The firm's revenue was up 159.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.05) 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), ALPS Clean Energy ETF (ACES), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), iShares Self-Driving EV and Tech ETF (IDRV), VanEck Social Sentiment ETF (BUZZ), Global X Lithium & Battery Tech ETF (LIT) and Fidelity Electric Vehicles and Future Transportation ETF (FDRV).

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (1.88%), State Street Corp (0.65%), Geode Capital Management LLC (0.54%), First Trust Advisors LP (0.53%), Mirae Asset Global Investments Co. Ltd. (0.51%) and Wolverine Asset Management LLC (0.00%). 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 $7.76.

How much money does Lucid Group make?

Lucid Group (NASDAQ:LCID) has a market capitalization of $14.23 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 ($1.44) 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 5/31/2023 by MarketBeat.com Staff

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