Could lucid stock help you become a millionaire?
Apr 08, 2022 · On average, they expect Lucid Group's stock price to reach 33.80 in the next year. This suggests a possible upside of 56.0% from the stock's current price. View analysts' price targets for Lucid Group or view top-rated stocks among Wall Street analysts .
Is it too late to buy lucid stock?
Jan 04, 2022 · If the stock commands a P/S of 10, Lucid will achieve a $100 share price sometime in 2026. For a P/S of 20, this happens in 2024. Finally, a …
Why scarce automobile supply will not lift lucid Group stock?
Sep 14, 2021 · Lucid Motors stock could go up after it showcases its assembly line at its Sep. 2021 event. The markets' reaction to its Air sedan will also be a key driver for the stock. The specifications look...
Can lucid stock clear up?
The current Lucid Group Inc [ LCID] share price is $21.29. The Score for LCID is 24, which is 52% below its historic median score of 50, and infers higher risk than normal. LCID is currently trading in the 20-30% percentile range relative to its historical Stock Score levels.
Will Lucid stock go up?
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.Mar 16, 2022
What is the prediction for Lucid Motors stock?
Stock Price Forecast 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 +114.08% increase from the last price of 21.02.
Is Lucid a good stock to buy right now?
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
Can Lucid stock reach $100?
Lucid Motors is in line for a huge 2022. Lucid wants to massively expand globally and could be in line for a great short squeeze soon.Jan 6, 2022
Is Lucid a long-term stock?
Lucid Group Stock Could Take a Beating, But It's a Long-Term Buy. Lucid Group (NASDAQ:LCID) stock still maintains a positive gain for the past 12 months. That's hard to believe given the tumult stocks have been in since we entered 2022.Mar 10, 2022
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.Mar 15, 2022
Why is Lucid stock not going up?
Lucid has revised down the production outlook for 2022. As a new EV maker, such delays in ramping up production are expected. The company is struggling with supply chain issues. Interestingly, those are not related to chips or batteries, which Lucid says it was able to procure.Mar 3, 2022
What is wrong with Lucid stock?
Lucid Motors reported fourth-quarter and full-year results at the start of the week, which unfortunately caused the stock to drop 15% after earnings were announced. The stock of Lucid Motors fell sharply as a result of the electric-vehicle company lowering its production target for 2022.Mar 3, 2022
Why is Lucid stock dropping today?
Shares are falling in after-hours trading because production isn't ramping up fast enough for investors. Lucid (ticker: LCID) stock rose 10% in Monday's regular session. That was a good day for shares considering that the S&P 500 and Dow Jones Industrial Average fell about 0.2% and 0.5%, respectively.Feb 28, 2022
What will Lucid stock be worth in 2022?
Lucid stock Price Prediction by month 2022Lucid stock Price Prediction by MonthMinimum PriceAverage PriceLucid stock Price Prediction September 2022$0.73$0.75Lucid stock Price Prediction October 2022$0.76$0.78Lucid stock Price Prediction November 2022$0.77$0.80Lucid stock Price Prediction December 2022$0.80$0.846 more rows•Mar 23, 2022
Why is Lucid stock so low?
It's worth noting that Lucid has so far stated supply concerns -- and not company-specific problems -- as the major reason it expects low production this year. A crunch in the supply of key inputs like semiconductor chips has hit nearly every automaker hard.Mar 4, 2022
Is Lucid Group a buy right now?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lucid Group in the last twelve months. There are currently 1 sell rating,...
When is Lucid Group's next earnings date?
Lucid Group is scheduled to release its next quarterly earnings announcement on Monday, May 23rd 2022. View our earnings forecast for Lucid Group .
How were Lucid Group's earnings last quarter?
Lucid Group Inc (NASDAQ:LCID) issued its earnings results on Monday, February, 28th. The company reported ($0.64) EPS for the quarter, missing anal...
What price target have analysts set for LCID?
6 Wall Street analysts have issued 12-month price objectives for Lucid Group's stock. Their forecasts range from 12.00 to 60.00. On average, they e...
Who are some of Lucid Group's key competitors?
Some companies that are related to Lucid Group include Volkswagen (VWAGY) , Daimler (DDAIF) , Ford Motor (F) , General Motors (GM) , Honda Mot...
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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (0.77%), Susque...
Which major investors are selling Lucid Group stock?
LCID stock was sold by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, Cutler Group LP, Lombard Odier Ass...
Which major investors are buying Lucid Group stock?
LCID stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Goldman Sachs Group Inc., Goldman Sa...
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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When will Lucid Air be released?
Lucid Motors is on pace to start delivering its Lucid Air — a high-performance, ultraefficient luxury EV sedan — in late 2021, according to the company. The company expects to roll out its Gravity performance luxury SUV in 2023. The Lucid Air has not yet started production, but has just completed its preproduction phase.
How many reservations did Lucid Motors make?
In a slide deck filed with the U.S. Securities and Exchange Commission July 13, Lucid Motors touted more than 10,000 reservations for the Lucid Air, representing $900 million in anticipated sales.
Is Tesla stock an IBD?
Tesla stock is an IBD Leaderboard idea. Per Leaderboard analysis, "Tesla recently found support at the 40-week line on its weekly chart, and now it's spending some time above its 10-week moving average. These are encouraging signs.". Tesla earnings are due after the close.
Is Lucid Motors a blank check company?
Lucid Motors Stock News. On Friday, Lucid Motors shareholders voted to approve the merger of the blank check company. In mid-July, the company said it had finished its preproduction phase after a series of delays.
Lucid Motors' target price
Citi, the first brokerage to initiate coverage of LCID stock, has assigned it a “buy” rating and a $28 target price. The brokerage thinks Lucid Motors is a risky investment and faces execution risk. It doesn't see Lucid as the “next Tesla.”
Why is LCID stock dropping today?
Morgan Stanley analyst Adam Jones has initiated coverage of LCID with an "underweight" rating. Following that bearish note, LCID was trading lower on Sep. 14. Jonas is a known Tesla bull, and in Jan 2021, his target price for TSLA was among the highest.
Is Lucid Motors stock undervalued?
Green energy stocks, including EV names, have been under pressure in 2021. Even with the Biden administration's measures to pivot toward green energy, fuel cell stocks have fallen hard. It's worth noting, however, that EV stocks still aren't cheap, and Lucid Motors doesn't look overvalued.
Is Lucid Motors stock expected to go up?
Lucid Motors stock could go up after it showcases its assembly line at its Sep. 2021 event. The markets' reaction to its Air sedan will also be a key driver for the stock. The specifications look good and if the model is received well by buyers when it finally hits the road, LCID stock could soar.
Lucid Group Inc Stock Forecast
Is Lucid Group Inc Stock Undervalued? The current Lucid Group Inc [ LCID] share price is $25.51. The Score for LCID is 4, which is 92% below its historic median score of 50, and infers higher risk than normal.
Lucid Group Inc Stock Price History
Based on the share price being below its 5, 20 & 50 day exponential moving averages, the current trend is considered strongly bearish and LCID is experiencing selling pressure, which indicates risk of future bearish movement.
Stock Predictions
Is Lucid Group Inc stock public? Yes, Lucid Group Inc is a publicly traded company.
The Latest With LCID Stock
Stock volatility hasn’t been the only issue weighing on shares of Lucid Group. There was something else that drove shares lower earlier this month: news of a subpoena from the Securities and Exchange Commission. This is related to the special purpose acquisition deal that took the company public earlier this year.
The Bottom Line
I won’t rule out the possibility there’s another wave of EV mania in 2022. Yet if one fails to arise, it may be difficult for Lucid shares to set the world on fire like they’ve done in 2021.
Lucid Stock Performance After the SPAC Merger
CCIV stock popped 540% when rumors of the merger hit, going from $10 to $64. It quickly tanked and leveled off in the $20 range, but months later, we're starting to see new bearish momentum.
Lucid Stock Prediction 2025
The biggest reason early investors have piled out of Lucid was likely the apparent lag in its hallmark product release, the Lucid Air Dream Edition. Now that we're in September, the Q4 2021 projection is starting to look questionable.
Should You Buy Lucid Stock?
Lucid Motors has the pedigree and the team to make waves in the electric vehicle market.
The company officially announced the initial deliveries of its luxury electric sedans will be this weekend
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years.
What happened
Excitement has been growing over electric vehicle start-up -- and potential strong Tesla competitor -- Lucid Group ( NASDAQ:LCID) as it gets closer to shipping its first vehicles. Today the company announced that will begin this Saturday, and the stock popped 10%. At 11:05 a.m. EDT, shares had given up some of those gains but remained up 5.3%.
So what
Lucid isn't simply delivering its first Air Dream Edition electric sedans this weekend. It is also holding a rally for the new owners hosted by Lucid leadership "on a route that showcases the vehicle's standout ride, handling, and performance capabilities," the company said.
Now what
Lucid expects to produce 520 of its Air Dream Edition vehicles at $169,000 each. They come in two versions -- Range and Performance. The Range editions can reach 520 miles on a single battery charge. That range significantly beats the Tesla Model S Plaid's, which is listed at 396 miles.
Where Things Stand at Lucid
One reason the stock’s price will rise is that analysts still expect revenue to increase next year. For example, they now estimate revenue will hit $2.07 billion in 2022 based on a survey by Seeking Alpha.
Where Things Stand With LCID Stock
TipRanks reports that three analysts have an average price target of $42.75 per share. That represents a 10.6% potential upside for investors in LCID stock.
