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MarketBeat ‘Stock of the Week’: Lucid a high risk EV penny stock

Written by MarketBeat Staff | Reviewed by Don Miller
January 15, 2024

Key Points

  • At a time when several EV challengers are conceding or facing bankruptcy, Lucid's $5.45 billion in liquidity is worth something and means there is still time to right the ship.
  • For EV buyers who prioritize range and infrequent charging, Lucid’s high-end range technology could make it worth the high-end price.
  • If LCID rallies following the company’s fourth-quarter update in February, a high-volume push past long-term resistance at $4.25 could turbocharge the EV maker out of penny stock land.
  • 5 stocks we like better than Lucid Group.

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Should you invest $1,000 in Lucid Group right now?

Before you consider Lucid Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lucid Group wasn't on the list.

While Lucid Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Lucid Group (LCID)
3.469 of 5 stars		$2.14-8.5%N/A-1.60Hold$3.27
Tesla (TSLA)
4.7354 of 5 stars		$328.85-6.0%N/A90.10Hold$225.06
BYD (BYDDY)
4.1906 of 5 stars		$70.93+0.6%1.03%22.81BuyN/A
Carvana (CVNA)
3.7436 of 5 stars		$245.87-1.7%N/A24,611.61Hold$217.71
Rivian Automotive (RIVN)
3.2026 of 5 stars		$10.57-4.3%N/A-1.89Hold$15.68
NIO (NIO)
3.0367 of 5 stars		$4.61-8.9%N/A-3.03Hold$6.11
C3.ai (AI)
3.449 of 5 stars		$27.27-3.3%N/A-11.96Hold$27.70
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