NASDAQ:LCID

Lucid Group (LCID) Stock Forecast, Price & News

$5.46

+0.15 (+2.82%)

(As of 09:52 AM ET)

Compare

Today's Range: $5.36
▼
$5.56
50-Day Range: $5.11
▼
$7.61
52-Week Range: $4.97
▼
$17.81

Volume: 5.15 million shs
Average Volume: 32.67 million shs
Market Capitalization: $12.46 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $8.15

Lucid Group MarketRank™ Forecast

Analyst Rating: Hold
2.10 Rating Score
Upside/Downside: 47.4% Upside
$8.15 Price Target
Short Interest: Bearish
39.90% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.56
Based on 10 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.

2.04 out of 5 stars

Auto/Tires/Trucks Sector

49th out of 94 stocks

Motor Vehicles & Car Bodies Industry

13th out of 30 stocks

4.1

Analyst's Opinion

Consensus Rating
Lucid Group has received a consensus rating of Hold. The company's average rating score is 2.10, and is based on 3 buy ratings, 5 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $8.15, Lucid Group has a forecasted upside of 47.4% from its current price of $5.53.
Amount of Analyst Coverage
Lucid Group has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
39.90% of the float of Lucid Group has been sold short.
Short Interest Ratio / Days to Cover
Lucid Group has a short interest ratio ("days to cover") of 4.4.
Change versus previous month
Short interest in Lucid Group has recently increased by 5.44%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Lucid Group does not currently pay a dividend.
Dividend Growth
Lucid Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for LCID.

1.4

News and Social Media Coverage

News Sentiment
Lucid Group has a news sentiment score of 0.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.69 average news sentiment score of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Lucid Group this week, compared to 11 articles on an average week.
Search Interest
Only 73 people have searched for LCID on MarketBeat in the last 30 days. This is a decrease of -47% compared to the previous 30 days.
MarketBeat Follows
Only 48 people have added Lucid Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -4% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Lucid Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $280,877.00 in company stock.
Percentage Held by Insiders
62.50% of the stock of Lucid Group is held by insiders. A high percentage of insider ownership can be a sign of company health.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Lucid Group are expected to grow in the coming year, from ($1.51) to ($1.07) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Lucid Group is -3.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lucid Group is -3.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Lucid Group has a P/B Ratio of 2.32. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

LCID Stock News Headlines

September 27, 2023 | seekingalpha.com

Lucid Short Interest Surges Higher

September 26, 2023 | msn.com

Why Electric Vehicle Stocks Like Lucid Group Shot Higher Today

September 27, 2023 | Wall Street Fundamentals (Ad)

The "Plug and Play" Model Putting Online Giants to Shame

While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."

September 23, 2023 | msn.com

Lucid: Approaching Penny Stock Status

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 27, 2023 | Wall Street Fundamentals (Ad)

The "Plug and Play" Model Putting Online Giants to Shame

September 20, 2023 | msn.com

RBC Capital Reiterates Lucid Group (LCID) Sector Perform Recommendation

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'

See More Headlines

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LCID Company Calendar

Last Earnings: 8/07/2023
Today: 9/27/2023
Next Earnings (Estimated): 11/14/2023
Fiscal Year End: 12/31/2023

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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: +53.5%
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: 19.93
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.38 per share
Price / Book: 2.23

Miscellaneous

Outstanding Shares: 2,282,650,000
Free Float: 855,994,000
Market Cap: $12.12 billion
Optionable: Not Optionable
Beta: 1.05

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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)
Sr. VP of Product & Chief Engineer
Comp: $488.94k

Mr. 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 analysts have issued "buy," "hold," and "sell" ratings for Lucid Group in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 12-month price objectives for Lucid Group's shares. Their LCID share price forecasts range from $5.00 to $12.00. On average, they anticipate the company's share price to reach $8.15 in the next twelve months. This suggests a possible upside of 53.5% 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 shares have decreased by 22.3% and is now trading at $5.31.
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 Tuesday, November 14th 2023.
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, August, 7th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.35) by $0.05. The company had revenue of $150.90 million for the quarter, compared to the consensus estimate of $181.58 million. Lucid Group had a negative trailing twelve-month return on equity of 64.02% and a negative net margin of 337.97%. Lucid Group's revenue for the quarter was up 55.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.33) EPS.
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 many different institutional and retail investors. Top institutional investors 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 $5.31.
How much money does Lucid Group make?: Lucid Group (NASDAQ:LCID) has a market capitalization of $12.12 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 9/27/2023 by MarketBeat.com Staff

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