Where can I buy CCIV shares?
Apr 19, 2021 · Investors with a five-year time horizon should take a closer look at CCIV shares. On the date of publication, Chris Lau did not have (either directly or …
Why am I so bullish on CCIV stock?
May 19, 2021 · CCIV Stock went public on Sept. 18, 2020, with an initial price offering of around $10 USD which didn’t fluctuate for four months. Then, in January of 2021 Churchill Capital announced its merger with Lucid Motors which sent the stock to a peak of $54 per share by mid-February. CCIV Merger Date
What is the market capitalization of Churchill Capital Corp IV?
Mar 15, 2021 · March 17, 2021. With special purpose acquisition company Churchill Capital IV ( NYSE: CCIV) stock down 55% from its 52-week high, now is the time to buy the dip and gain exposure to electric ...
What are the chances of the stock going up?
Apr 24, 2022 · finance.yahoo.com | August 10, 2021. Churchill Capital Corp IV (CCIV) Class Action: Investors with Losses Exceeding $500K Are Encouraged to Contact Bronstein, Gewirtz & Grossman, LLC Before August 30, 2021. finance.yahoo.com | August 10, 2021.
Can I buy CCIV stock?
Will CCIV stock become Lucid?
Should I buy CCIV stock before merger?
What is the forecast for CCIV stock?
| Month | Target | Pes. |
|---|---|---|
| Jun. | 15.35 | 14.83 |
| Jul. | 15.69 | 13.69 |
| Aug. | 14.44 | 13.68 |
| Sep. | 13.65 | 12.14 |
What happens to CCIV shares after merger?
Is CCIV merger completed?
How many Lucid shares does CCIV have?
Is CCIV Lucid Motors?
Is CCIV shorted?
Is CCIV undervalued?
What will lucid stock be worth in 5 years?
What is lucid price target?
Who are Churchill Capital Corp IV's key executives?
Churchill Capital Corp IV's management team includes the following people: Mr. Michael S. Klein , Chairman, CEO & Pres (Age 57) Mr. Lee Jay Tara...
Who are some of Churchill Capital Corp IV's key competitors?
Some companies that are related to Churchill Capital Corp IV include XPeng (XPEV) , Hyundai Motor (HYMLF) , Nissan Motor (NSANY) , Tata Motors...
What is Churchill Capital Corp IV's stock symbol?
Churchill Capital Corp IV trades on the New York Stock Exchange (NYSE) under the ticker symbol "CCIV."
What is Churchill Capital Corp IV's stock price today?
One share of CCIV stock can currently be purchased for approximately $23.62.
How much money does Churchill Capital Corp IV make?
Churchill Capital Corp IV has a market capitalization of $6.11 billion.
How many employees does Churchill Capital Corp IV have?
Churchill Capital Corp IV employs 147,000 workers across the globe.
What is Churchill Capital Corp IV's official website?
The official website for Churchill Capital Corp IV is churchillcapitalcorp.com .
How can I contact Churchill Capital Corp IV?
The company can be reached via phone at 212-380-7500 .
CCIV Stock Is a Play on Infrastructure
President Joe Biden’s infrastructure spending plan addressed the need for job creation to boost the U.S. market share of plug-in electric vehicles. Biden is proposing a $174 billion investment to win the EV market. From domestic battery and parts supply, the U.S. will give consumers sales rebates and tax incentives to buy American-made EVs.
Impressive Specifications
Lucid’s luxury EV has a maximum horsepower of 1,080 and a range of 500 miles per charge. It can go from zero to 60 mph in just 2.5 seconds. With that acceleration, the EV is comparable to a supercar.
Opportunity
Just as investors lack a financial model to assign a fair value on Tesla stock, the same applies to CCIV shares. Readers should look at Lucid’s investor presentation that was posted in February as a starting point.
Product Roadmap
In 2023, Lucid’s Project Gravity will result in an SUV launch. When it gets there, it will already have Lucid Electric Advanced Platform. So, it may build on its existing powertrain while adding more features and performance standards to the EV SUV. For 2030, it will have other planned sedans and SUVs.
Your Takeaway
Churchill shares fell enough to wipe out the euphoria. At current levels, the stock is approaching buy levels. The infrastructure spending in the U.S. may lift all boats. Tesla will very likely rebound first because it is a widely held stock.
CCIV SPAC History
Churchill Capital Corp IV, or CCIV Stock, is a special purpose acquisition company or better known as a SPAC.
CCIV Stock Forecast
Having mentioned that CCIV Stock, or Churchill Capital IV, has a lawsuit against them and that Lucid Motors is not prepared to deliver the number of vehicles expected; it is pretty clear that CCIV is not in a positive light.
CCIV Stock Charts
I personally use Webull for all of my trading. If you want to create a similar setup to mine pictured above I wrote an entire article on how to change your settings to Webull Dark Mode and include the necessary indicators.
CCIV Stock News
When it comes to investing based on the news related to company risk factors I pull my CCIV Stock news from three places.
What is the P/B ratio of Churchill Capital Corp IV?
Churchill Capital Corp IV has a P/B Ratio of 2,586.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Does Churchill Capital Corp IV pay dividends?
Churchill Capital Corp IV does not currently pay a dividend.
How much money does Lucid Motors get?
Also, as part of the deal, Lucid Motors will get $4.4 billion as cash, which will help it to fund its growth and bridge the cash burn in the initial years. The funds include a $2.5 billion PIPE (private investment in public equity). Article continues below advertisement. Source: Koyfin.
Is Tesla stock overvalued?
Tesla and NIO stock look overvalued. Finally, almost every EV company tries to benchmark its valuation to Tesla which by itself looks quite overvalued. However, Tesla has a big army of loyal shareholders and many of them have become millionaires holding the stock.
How much did CCIV stock drop?
Following the merger announcement, CCIV stock declined by nearly 50% to a low of $30 per share . The merger deal valued California-based EV maker Lucid Motors at around $12 billion. While this is a sharp sell-off, this deal had been rumored for a while, and it may be a classic sell-the-news reaction.
How many steps are there before buying shares of CCIV?
There are 3 main steps to complete before buying shares of CCIV, and each requires decision-making on your part:
How to buy civi?
Search CCIV and hit buy: Since CCIV is listed on the NYSE and commonly traded, you should have no problem finding shares to buy. Simply search for the CCIV ticker symbol on your broker’s interface and hit buy.
How to start a brokerage account?
Find a broker and sign up: The first thing you need to do is create your own brokerage account. Determine your personal investing goals, and select a brokerage that can help you meet them. Create your own account, and link your bank account.
When did Churchill Capital merge with Lucid Motors?
After pricing its July 2020 IPO at $10 per share, CCIV exploded to an all-time high of over $60 in February 2021. After the market closed on February 22, Churchill Capital announced it will merge with electric vehicle company Lucid Motors.
Does public investing put investors first?
Public puts investors first and doesn’ t sell trades to market makers or take money from Payment for Order Flow (PFOF).
Is Charles Schwab a good trader?
Charles Schwab is a solid choice for traders of all skill levels. It offers full access to the U.S. equity and options markets as well as 30 international markets. Traders can create a diverse portfolio with $0 commissions and no account minimums. Schwab’s margin trading is expensive but Schwab makes up for it with affordable futures and options trades, along with a comprehensive mobile offering.
The Weakness of EV Stocks
Driven largely by euphoria about the move to EVs, along with exceptionally low interest rates, many EV names, including CCIV stock, reached irrationally high levels before the recent correction.
The Still-Huge Valuation of CCIV Stock
Even after Churchill Capital plunged on Feb. 23, Lucid reportedly was still valued at a gigantic $52 billion. That means that, even if Lucid is very successful and generates $1 billion of revenue in three years, CCIV stock is still changing hands for 52 times its 2024 revenue. By any measure, that’s a sky-high valuation.
Positive Attributes and Very Tough Competition
Lucid’s EVs appear to have some compelling features. For example, the Dream edition of the company’s Air Sedan, its initial EV, will reportedly be able to drive more than 500 miles on a single charge. Conversely, Tesla’s luxury Model Y EV has a range of just 326 miles.
The Bottom Line
In the current environment, Churchill Capital looks poised to drop further. And even in the longer term, Lucid may have trouble justifying the SPAC’s current stock price.
Is demand hot enough for EV megatrend?
It’s not that impossible for this to happen , but with the EV megatrend accelerating, demand may be hot enough for such a scenario to play out and that’s just one side of the coin.
Is Fisker an EV?
Fisker has many factors on its side that make it a strong EV play. Even so, that hasn’t kept investors from bidding it down. Especially as they shift from a “buy at any price” to a “wait and see” mentality.
