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Lucid Group (LCID) Stock Price, News & Analysis

Lucid Group logo
$2.24
+0.04 (+1.82%)
(As of 05:39 PM ET)

About Lucid Group Stock (NASDAQ:LCID)

Key Stats

Today's Range
$2.22
$2.31
50-Day Range
$2.20
$4.26
52-Week Range
$2.20
$5.31
Volume
59.19 million shs
Average Volume
34.38 million shs
Market Capitalization
$5.24 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.54
Consensus Rating
Reduce

Company Overview

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.


Lucid Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
56th Percentile Overall Score

LCID MarketRank™: 

Lucid Group scored higher than 56% of companies evaluated by MarketBeat, and ranked 54th out of 89 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Lucid Group has received a consensus rating of Reduce. The company's average rating score is 1.89, and is based on no buy ratings, 8 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Lucid Group has only been the subject of 4 research reports in the past 90 days.

  • Read more about Lucid Group's stock forecast and price target.
  • Earnings Growth

    Earnings for Lucid Group are expected to decrease in the coming year, from ($1.22) to ($1.24) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Lucid Group is -1.85, 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 -1.85, 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 1.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Lucid Group's valuation and earnings.
  • Percentage of Shares Shorted

    24.62% 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 6.5.
  • Change versus previous month

    Short interest in Lucid Group has recently decreased by 1.60%, indicating that investor sentiment is improving.
  • Dividend Yield

    Lucid Group does not currently pay a dividend.

  • Dividend Growth

    Lucid Group does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    24.62% 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 6.5.
  • Change versus previous month

    Short interest in Lucid Group has recently decreased by 1.60%, indicating that investor sentiment is improving.
  • News Sentiment

    Lucid Group has a news sentiment score of 0.31. 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 news sentiment score is similar to the average news sentiment of Auto/Tires/Trucks companies.
  • News Coverage This Week

    MarketBeat has tracked 23 news articles for Lucid Group this week, compared to 18 articles on an average week.
  • Search Interest

    30 people have searched for LCID on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.
  • MarketBeat Follows

    38 people have added Lucid Group to their MarketBeat watchlist in the last 30 days. This is an increase of 58% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Lucid Group insiders have bought 343,481.97% more of their company's stock than they have sold. Specifically, they have bought $970,519,431.00 in company stock and sold $282,471.00 in company stock.

  • Percentage Held by Insiders

    61.26% of the stock of Lucid Group is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    75.17% of the stock of Lucid Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Lucid Group's insider trading history.
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LCID Stock News Headlines

RALSKO ,CZECH REPUBLIC - 19 Sept 2023. LUCID Air. View of the rear hood of the car with the LUCID logo. Modern electric car LUCID. — Stock Editorial Photography
A $1.75 Billion Gamble: Can Lucid Ignite Growth?
Lucid Group's recent stock sale raises questions about its financial viability as the company attempts to ramp up production.
Lucid Air electric luxury sedan car at the Geneva International Motor Show. Switzerland - Feb 26, 2024. — Stock Editorial Photography
Is Lucid Group Nearing the Bottom? What Investors Should Know
Lucid Group is on track to drive its stock price to new lows after announcing another share sale with a double-digit dilutive impact.
Election warning coming true…
If you missed it, my emergency election broadcast is now available - watch it before it's too late.
Why Lucid Stock Jumped Today
Did Ford's EV Failure Trigger Drop In Lucid Stock?
Lucid Group (LCID) to Release Earnings on Thursday
See More Headlines

LCID Stock Analysis - Frequently Asked Questions

Lucid Group's stock was trading at $4.21 at the start of the year. Since then, LCID shares have decreased by 46.8% and is now trading at $2.24.
View the best growth stocks for 2024 here
.

Lucid Group, Inc. (NASDAQ:LCID) announced its quarterly earnings results on Monday, August, 5th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.27) by $0.02. The firm's revenue for the quarter was up 32.9% on a year-over-year basis.

Lucid Group's top institutional shareholders include Wolverine Asset Management LLC, Van ECK Associates Corp (0.03%), Krane Funds Advisors LLC (0.02%) and State of New Jersey Common Pension Fund D (0.02%). Insiders that own company stock include Public Investment Fund, Eric Bach and Michael Bell.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Lucid Group investors own include Symbotic (SYM), JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), Zomedica (ZOM), Humana (HUM), Voyager Therapeutics (VYGR), American Water Works (AWK) and Tesla (TSLA).

Company Calendar

Last Earnings
8/05/2024
Today
11/04/2024
Next Earnings (Confirmed)
11/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Motor vehicles & car bodies
Sub-Industry
Automobiles And Trucks
Current Symbol
NASDAQ:LCID
Fax
N/A
Employees
6,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$3.54
High Stock Price Target
$5.00
Low Stock Price Target
$2.00
Potential Upside/Downside
+57.3%
Consensus Rating
Reduce
Rating Score (0-4)
1.89
Research Coverage
9 Analysts

Profitability

Net Income
$-2,828,420,000.00
Net Margins
-390.39%
Pretax Margin
-390.32%

Debt

Sales & Book Value

Annual Sales
$668.29 million
Book Value
$2.11 per share

Miscellaneous

Outstanding Shares
2,337,519,000
Free Float
893,790,000
Market Cap
$5.26 billion
Optionable
Optionable
Beta
1.11
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This page (NASDAQ:LCID) was last updated on 11/4/2024 by MarketBeat.com Staff
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