Lucid’s Stock Price Still in Reverse Hosted by MarketBeat StaffMay 13, 2024 ShareLink copied to clipboard. Play video for Lucid’s Stock Price Still in ReverseDetailsGuestsLucid’s NASDAQ: LCID stock price has been down-trending since 2021, and it is not over. The Q1 results aren’t horrible, but they did nothing to improve the outlook for growth, market domination, or profits. The results frightened the market because spending is rising, and profitability is as elusive as ever. Because competition in the EV market is heating up, cost is among the largest factors driving consumers, and Lucid cars are expensive EVs, it is unlikely Lucid will change direction soon.Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioLCIDLucid Group2.3262 of 5 stars$2.72+1.9%N/A-2.03 Add This Stock to My Watchlist Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. 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Hosted by MarketBeat StaffMay 13, 2024 ShareLink copied to clipboard. Play video for Lucid’s Stock Price Still in ReverseDetailsGuestsLucid’s NASDAQ: LCID stock price has been down-trending since 2021, and it is not over. The Q1 results aren’t horrible, but they did nothing to improve the outlook for growth, market domination, or profits. The results frightened the market because spending is rising, and profitability is as elusive as ever. Because competition in the EV market is heating up, cost is among the largest factors driving consumers, and Lucid cars are expensive EVs, it is unlikely Lucid will change direction soon.Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioLCIDLucid Group2.3262 of 5 stars$2.72+1.9%N/A-2.03 Add This Stock to My Watchlist Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube More From MarketBeatTexas approves new currencyRural Texas Town Ramps Up Global Currency War A small town has joined a radical $1.9 trillion attack on the...Stansberry Research | Sponsored7 Flying Car Stocks to Buy Before the Sector Really Takes Off We could be entering the age of the electric vertical take-off and landing vehicle (eVTOL), more commonly kn...MarketBeatIs Big Tech dead?China just threw a “$5.5 million” curveball called Deep Seek to Silicon Valley and the timing of it is no coin...Brownstone Research | Sponsored7 Massive Growth Stocks to Own for the Next 10 Years Many investors look to get in on the ground floor of a massive growth stock. For example, in 2024, a stock l...MarketBeatAlert: DOGE goes live"It's Elon's world, and the rest of us live in it." Every investor in America is trying to figure out what ...Altimetry | Sponsored7 Stocks to Buy if You Have $1,000 to InvestA common objection that keeps people from investing is a lack of money. But the premise of that objection is t...MarketBeat
