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

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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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Lucid Group (LCID)
3.7402 of 5 stars
$2.03-3.3%N/A-1.51Hold$3.16
Tesla (TSLA)
4.6193 of 5 stars
$342.03-1.1%N/A93.71Hold$230.18
BYD (BYDDY)
3.9282 of 5 stars
$67.86-0.8%1.08%20.94BuyN/A
Carvana (CVNA)
3.5748 of 5 stars
$244.38-2.0%N/A24,462.46Hold$217.71
Rivian Automotive (RIVN)
3.1568 of 5 stars
$10.05-1.2%N/A-1.79Hold$15.73
NIO (NIO)
2.6585 of 5 stars
$4.65+0.4%N/A-3.06Hold$5.91
C3.ai (AI)
3.5007 of 5 stars
$32.35-1.9%2.78%-14.19Hold$27.70
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