Full Answer
Could lucid stock help you become a millionaire?
If you want to become a millionaire, the right path probably involves some collection of growth stocks with an attached set of risks. If you're well-diversified, the money you can make from stocks ...
Is it too late to buy lucid stock?
Lucid Group ... it is highly subjective too. Two very important factors that I want to mention is the inclusion of LCID stock to the Nasdaq-100 Index in late December 2020 and the pricing of ...
Is lucid group a buy as early investors cash out?
Shares of Lucid Group ( NASDAQ:LCID) are getting pummeled today. The most likely reason for the sell-off is the expiration of a lockup provision for early-stage private investment in public equity (PIPE) investors.
Is lucid Group stock overvalued?
Lucid is the largest SPAC deal involving an EV startup. However, it might be a good time to pause and take a hard look at LCID. Its stock has run up over 265% since Churchill Capital infused $4.4 billion in total funding to LCID and it could be overvalued. As a result, I am bearish on the stock.
What will lucid stock be worth?
The LCID stock price can go up to 58.121 USD in one year. 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.
Is Lucid stock worth to buy?
The Lucid story is exciting, and you might think it is time to buy the dip with the stock down around 50% just this year. But make no mistake, this is still a highly speculative investment at a nosebleed price. In 2021, Lucid Group had an operating loss of $1.5 billion on revenue of just $27 million.
Can I invest in Lucid Motors?
Lucid Motors is publicly traded on the NASDAQ Exchange under the symbol LCID. The company trades shares of common stock with no special restrictions on trading or ownership. Individual investors can purchase this through any brokerage that can access the NASDAQ Exchange.
How much is a lucid car stock?
$ 18.62CloseChgChg %$18.67-1.29-6.46%
Is Lucid the next Tesla?
Along with its promising EV technology, investors continue to wonder if Lucid can become the next Tesla. It is not that Lucid can't be Tesla-like in the future when it comes to production. However, many non-Tesla supporters fail to separate some of the things that make Tesla unique.
What is Lucid stock future?
Stock Price Forecast The 4 analysts offering 12-month price forecasts for Lucid Group Inc have a median target of 33.00, with a high estimate of 43.00 and a low estimate of 12.00. The median estimate represents a +82.52% increase from the last price of 18.08.
How do I buy Lucid stock before IPO?
'Buying' Lucid Motors sharesCreate or log in to your trading account for CFDs and go to our trading platform.Search for 'Lucid Motors'Select 'buy' in the deal ticket.Choose your position size and take steps to manage your risk.Open and monitor your trade.
How do I buy Lucid Group stock?
How To Invest In Lucid Motors Stock: 8 StepsUnderstand Lucid's Business. ... Assess Their Overall Earnings & Financial Picture. ... Assess Lucid's Financial Reports. ... Evaluate Lucid's Potential Compared to Your Investment Horizon. ... Select a Brokerage. ... Choose an Investment Size and Strategy. ... Choose an Order Type. ... Submit the Trade.
Will Lucid Motors have its own stock?
III (IPOC), it began trading under the ticker symbol CLOV. Lucid has opted to trade under the ticker symbol LCID once its merger with CCIV completes. It's expected to begin trading under its new ticker symbol on the NYSE in the second quarter of 2021.
Is Lucid stock overvalued?
Lucid Group (NASDAQ:LCID) stock once traded as high as $57, but it has been struggling for some time. It trades today at something closer to $22. There are several reasons for the dip and I think the stock will continue the downward journey in the short term.
Is Lucid expected to go up?
Key Data Points. In 2023, analysts expect Lucid's revenue to rise 172% to $3.5 billion as its net loss narrows to $1.6 billion. In 2024, they expect its revenue to grow another 70% to $6.0 billion as its net loss narrows to $1.1 billion.
Does Lucid stock pay dividends?
LUCID GROUP (NASDAQ: LCID) does not pay a dividend.
Should I buy or sell Lucid Group stock right now?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lucid Group in the last twelve months. There are currently 1 sell rating,...
What is Lucid Group's stock price forecast for 2022?
8 equities research analysts have issued 12 month price targets for Lucid Group's stock. Their forecasts range from 12.00 to 60.00. On average, the...
How has Lucid Group's stock performed in 2022?
Lucid Group's stock was trading at 38.05 on January 1st, 2022. Since then, LCID shares have decreased by 52.6% and is now trading at 18.02. View t...
When is Lucid Group's next earnings date?
Lucid Group is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022. View our earnings forecast for Lucid Gr...
How were Lucid Group's earnings last quarter?
Lucid Group, Inc. (NASDAQ:LCID) released its quarterly earnings data on Thursday, May, 5th. The company reported ($0.05) earnings per share for the...
Who are Lucid Group's key executives?
Lucid Group's management team includes the following people: Mr. Peter Dore Rawlinson , CEO, CTO & Director (Age 63, Pay $678.08k) Mr. Eric Bach...
Who are some of Lucid Group's key competitors?
Some companies that are related to Lucid Group include Volkswagen (VWAGY) , Ford Motor (F) , General Motors (GM) , Stellantis (STLA) , AB Volv...
What is Lucid Group's stock symbol?
Lucid Group trades on the NASDAQ under the ticker symbol "LCID."
Who are Lucid Group's major shareholders?
Lucid Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (2.34%),...
NASDAQ: LCID
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Lucid garners a lot of hype as a promising electric vehicle brand, which the stock's price might already reflect
Electric vehicle start-up Lucid Group ( LCID -4.56% ) was one of 2021's most anticipated special purpose acquisition (SPAC) stocks. Tesla 's ( TSLA -5.94% ) success has drawn much attention to the electric vehicle (EV) industry, where investors are looking for the next big thing.
Following the Tesla playbook
Lucid has a little bit of Tesla in its DNA. CEO Peter Rawlinson used to work for Tesla; he was a chief engineer for its flagship car, the Tesla Model S. Given Tesla's success, it might not be surprising to see Rawlinson crafting Lucid's strategy to resemble his former employer's.
NASDAQ: LCID
Like Tesla, Lucid is starting upmarket, aiming to break into the automotive industry with a high-end model. The Lucid Air is just that, starting at a price of approximately $77,000 and ranging up to $169,000.
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Historical and forecast chart of Lucid Group stock
The chart below shows the historical price of Lucid Group stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Lucid Group stock price can be found in the table below.
Lucid Group Daily Price Targets
Forecast target price for 02-18-2022: $ 29.25. Positive dynamics for Lucid Group shares will prevail with possible volatility of 1.902%.
Lucid Group information and performance
Lucid Group Inc (formerly Churchill Capital Corp IV) is engaged in manufacturing electric vehicles (EV). The Company’s car, Lucid Air, is a sedan. It features interior space in a mid-size exterior footprint. It uses electric vehicle technology for each type of car it builds.
Where can I make reservations for Lucid Air?
Reservations for Lucid Air and Lucid Air Touring, as well as the other models in the Lucid Air range, are open now and can be placed at the Lucid Motors website or at an ever-expanding network of retail locations, including the recently opened Beverly Hills Studio and service center.
Does Lucid Motors have to submit credit to IRS?
A tax advisor should be consulted regarding individual tax treatment. Lucid Motors will submit its certification of credit eligibility to the IRS prior to the start of production. ² Vehicle specifications subject to change before the start of production.
NASDAQ: LCID
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Could this little EV maker become the next Tesla?
Lucid Group ( LCID -4.06% ), the American electric vehicle (EV) maker that went public by merging with a special purpose acquisition company (SPAC) earlier this year, recently became one of the most talked-about stocks on Reddit's WallStreetBets (WSB) subreddit.
Lucid's volatile ride
When the SPAC Churchill Capital IV Corp. announced its planned merger with Lucid in February, its stock skyrocketed from about $10 to an all-time high of almost $65 during the Reddit-fueled rally later that month.
Why did the market warm up to Lucid?
There's no way to justify Lucid's current valuation with traditional metrics right now, since the company just started to ship its first vehicles. However, the bulls seem to be impressed by its long-term ambitions.
But it's still too early to call Lucid the next Tesla
Lucid arguably has a much better business model than many of the market's other SPAC-backed EV makers. It has an experienced leader, an operating factory, and a growing customer base.
It's very expensive and very speculative
Lucid's current market cap of nearly $60 billion values the EV maker at 27 times its sales target for next year. That makes it more valuable than Honda ( HMC -2.17% ), which sold about 4.5 million vehicles last year.
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What Lucid Stock Is Worth
By comparison TSLA stock trades for over 12 times 2021 forecast sales and 9.2 times 2022 forecast sales, according to Seeking Alpha’s survey of analysts. Let’s call it 10 times on average.
What To Do With LCID Stock
LCID stock could be worth nearly 90% more than its price today. However, keep in mind that this is completely dependent on the company producing $22.7 billion in sales by 2026. By comparison, Tesla is forecast to make about $50 billion in sales this year.
