What will happen to my CCIV stock after merger?
As a result of the merger, Churchill Capital and Lucid Motors will be renamed Lucid Group. In addition to this, shares of CCIV stock will switch over to the LCID stock ticker.Jul 23, 2021
Is CCIV stock a good investment?
If anything goes wrong, shares have a lot of downside potential, which makes CCIV/Lucid a high-risk/high-reward investment. That can be a good choice for some, but others will likely favor staying away or opting for lower-risk choices instead.May 17, 2021
Will the CCIV stock go up?
Will Churchill Capital Corp IV stock price grow / rise / go up? Yes. The CCIV stock price can go up from 24.250 USD to 42.323 USD in one year.
What is CCIV stock prediction?
CCIV (CCIV) Monthly Stock Prediction for 2022MonthTargetPes.Sep.17.9815.69Oct.20.8319.80Nov.20.9319.30Dec.20.2618.194 more rows
Is CCIV undervalued?
I still think CCIV stock (the new symbol will be LCID after the merger) is at least 33% undervalued, based on my model, described in my prior articles. I can walk you through the highlights in this article.Apr 26, 2021
Will CCIV become LCID?
CCIV is now officially LCID as the Lucid Motors transaction has closed and begins trading under its new ticker today. All 7 SPAC merger votes are at prices that make more big redemptions possible.Jul 26, 2021
Is CFVI stock a good buy?
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $10.83 is broken, it will firstly indicate a stronger fall rate.
Why is CCIV going up?
CCIV stock is getting a boost as investors salivate at the potential valuation of a special purpose acquisition company (SPAC) merger with electric vehicle (EV) maker Lucid Motors. The goal is for the SPAC to take Lucid Motors public with a reverse merger.Jun 2, 2021
What will lucid stock be worth in 5 years?
The LCID (“LCID” ) future stock price will be 119.160 USD in 5 years. The long-term earning potential is +7.44% in one year. Retail traders have long been drawn to EV stocks, and several have gone public with a blank-check vehicle known as a SPAC – a move that attracts even more retail traders.Mar 16, 2022
What is lucid price target?
The 4 analysts offering 12-month price forecasts for Lucid Group Inc have a median target of 45.00, with a high estimate of 50.00 and a low estimate of 12.00. The median estimate represents a +112.36% increase from the last price of 21.19.
Is Lucid stock a buy?
LCID is currently valued by the market at 3.3 times consensus forward FY 2025 Enterprise Value-to-Revenue, which I deem as relatively fair. In my opinion, Lucid stock isn't nearing a buying point yet despite the recent share price correction, which makes the stock a Hold.Mar 29, 2022
How much is Lucid Motors worth?
The actual value of Lucid Motors sits at $47 billion, or almost as much as Detroit-based stalwart Ford (NYSE: F ). Here’s why this EV startup is worth that much and what investors should expect next.
How much is Ferrari worth?
The Italian supercar manufacturer builds just over 10,000 vehicles per year (compared to BMW’s 2.3 million) yet is worth $48 billion thanks to its princely 17% to 23% margins and high brand equity.
The share price of Churchill Capital Corp IV (CCIV) now
This figure corresponds to the average price over the previous 50/200 days. For Churchill Capital Corp IV stocks, the 50-day moving average is the support level today.
Historical and forecast chart of Churchill Capital Corp IV stock
The chart below shows the historical price of Churchill Capital Corp IV stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast.
Churchill Capital Corp IV information and performance
Churchill Capital Corporation Eves employs a carte blanche firm. The firm was formed for the purpose of a merger, capital exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more enterprises. The company was founded by Michael Klein and is headquartered in New York, NY.
Churchill Capital Corp IV price target for 2021 by month
The weighted average target price per Churchill Capital Corp IV share in Mar 2022 is: 32.50. In Mar, the positive dynamics for Momo shares will prevail with possible monthly volatility of 16.483% volatility is expected.
How many cars will Lucid Motors make in 2021?
Lucid Motors plans to build 557 cars in 2021 and plans to build 20,000 cars next year. There are plans to expand the range of cars with a production of a sport-utility vehicle named Gravity in 2023.
How many miles do Americans drive a day?
Some are beginning to question just how important this is, considering most Americans only drive about 30 miles per day on average according to a recent Car and Driver survey.”. The automotive industry is one where being the best, fastest and most innovative car maker can be key to marketing and expanding sales.
Who is Stavros Georgiadis?
Stavros Georgiadis is a CFA charter holder, an Equity Research Analyst, and an Economist. He focuses on U.S. stocks and has his own stock market blog at thestockmarketontheinternet.com/. He has written in the past various articles for other publications and can be reached on Twitter and on LinkedIn.
The share price of Churchill Capital Corp IV (CCIV) now
This figure corresponds to the average price over the previous 50/200 days. For Churchill Capital Corp IV stocks, the 50-day moving average is the support level today.
Historical and forecast chart of Churchill Capital Corp IV stock
The chart below shows the historical price of Churchill Capital Corp IV stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast.
Churchill Capital Corp IV information and performance
Churchill Capital Corporation Eves employs a carte blanche firm. The firm was formed for the purpose of a merger, capital exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more enterprises. The company was founded by Michael Klein and is headquartered in New York, NY.
Churchill Capital Corp IV price target for 2021 by month
The weighted average target price per Churchill Capital Corp IV share in Jan 2025 is: 30.93. In Jan, the positive dynamics for Momo shares will prevail with possible monthly volatility of 9.674% volatility is expected.
Lucid Motors' current valuation
The merger between Lucid Motors and CCIV valued the combined entity at $24 billion. The value was based on the PIPE (private investment in public equity) of $15 per share. While the PIPE was at a fraction of CCIV’s then price, it was at a 50 percent premium to the IPO price.
Why CCIV stock is dropping
CCIV stock is dropping due to valuation concerns and a broader sell-off in the EV (electric vehicle) space. All EV stocks including Tesla and NIO have tumbled from their 52-week highs. The fact that the CCIV and Lucid merger came up with a big dilution for CCIV investors didn't help matters.
How much CCIV stock is worth
Now, let's get to the real question. How much is CCIV stock worth? While markets are valuing Lucid Motors at a pro forma market capitalization of $36.5 billion, is CCIV worth it? My answer would be no.
Why Lucid Motors stock looks overvalued
However, there are a few fallacies in the argument that we need to consider. First, NIO, or for that matter most EV stocks, look overvalued currently. There has been a sell-off in EV stocks and they might continue to remain under pressure. Simply put, a comparison with another overvalued stock doesn't make Lucid stock attractive.
CCIV stock will likely drop more
Currently, CCIV stock is trading in the low $20s. Over the last month, the stock has bounced back from these levels. The stock was trading higher in pre markets on April 8 amid the rise in tech names. However, I expect selling pressure soon for CCIV.
How many Lucid Airs will be made in 2022?
Lucid expects to manufacture 365,000 EVs per year starting from 2022. Its first car would be Lucid Air, which will go for production later this year. The vehicle will be followed by an SUV code-named Project Gravity in 2023. In 2025, the company expects to sell 42,000 Lucid Airs, 86,000 Gravity (SUVs), and 8,000 units of the new car. In all, the company expects to sell 135,000 vehicles in 2025. To provide some context, Tesla is expected to sell between 2.5 million to 3 million EVs by 2025.
When will Lucid be in Arizona?
Lucid completed phase one of its facility in Arizona in November 2020. Currently, the company is in the process of preparing for phase two of its build-out. Phase two will increase its production capacity from 34,000 to 90,000 vehicles per year.
Is Lucid Motors a Tesla?
Lucid Motors Isn't Tesla, Don’t Expect It to Follow the Same Path. Lucid is following a strategy similar to Tesla by launching a luxury car first to create a buzz around its name and plans to follow it up with more mainstream models. Tesla launched its luxury and pricier models like Tesla Model X and Roadster early on.
Is Lucid Motors free cash flow positive?
Lucid Motors' own forecast s project it to be free cash flow positive by 2025. The problem is that these are just forecasts and going by them, the stock should be worth multiple times the current stock price.
Can Lucid's numbers be taken at face value?
Article continues below advertisement. However, we can’t take Lucid's numbers at the face value. It's one thing to make forecasts and it's entirely different to go through the production process and deliver on promised numbers. For example, Tesla has slipped on its promised figures many times.
How much is Lucid Motors worth?
The actual value of Lucid Motors sits at $47 billion, or almost as much as Detroit-based stalwart Ford (NYSE: F ). Here’s why this EV startup is worth that much and what investors should expect next.
How much is Ferrari worth?
The Italian supercar manufacturer builds just over 10,000 vehicles per year (compared to BMW’s 2.3 million) yet is worth $48 billion thanks to its princely 17% to 23% margins and high brand equity.
