Stock FAQs

why did lcid stock drop today

by Felton Howell Published 3 years ago Updated 2 years ago
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Full Answer

Where can I buy LCID shares?

Shares of LCID can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.

Is lucid stock really down 25% in 2022?

The pain continues for Lucid (NASDAQ: LCID) shareholders, as LCID stock sheds another 12% today. After today’s loss, Lucid is now down more than 25% in 2022. Meanwhile, electric vehicle (EV) competitor Rivian (NASDAQ: RIVN) has lost more than 45% year-to-date (YTD).

How can I get the latest news and ratings for LCID?

Sign up to receive the latest news and ratings for LCID and its competitors with MarketBeat's FREE daily newsletter. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

How did lucid Group Inc (LCID) perform in Q4 earnings?

Lucid Group Inc (NASDAQ:LCID) posted its quarterly earnings data on Monday, November, 15th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.22) by $0.19. The firm had revenue of $0.23 million for the quarter.

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Why is LCID stock dropping?

LCID stock started the decline at the beginning of March when the company reported delivery of only 125 Dream Edition Cars in 2021. Investors were looking for a bigger number and this pushed the stock into a downward spree.

Will LCID go up?

LCID's stock could rise to $41.20 in 2022 if it grows by 57%. That's the average growth estimate from the latest 6 analyst forecasts.

Is LCID a buy right now?

Lucid Motors stock is a promising long-term EV stock that started deliveries of its first electric vehicle in late Oct. 2021. Shares of Lucid Motors are more than 60% off their 52-week high and not at a proper buy point, so the stock is not a buy right now.

Is LCID a strong buy?

A value greater than 1, in general, is not as good (overvalued to its growth rate)....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.97%2Buy18.45%3Hold10.03%4Sell5.70%2 more rows

What is the future of LCID stock?

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 +76.57% increase from the last price of 18.69.

What is the target price for LCID?

Stock Price TargetsHigh$43.00Median$33.00Low$12.00Average$30.25Current Price$15.55

Is LCID a buy or sell?

LCID has an overall F rating, which equates to a Strong Sell in our proprietary POWR Ratings system. The POWR ratings are calculated considering 118 different factors, with each factor weighted to an optimal degree.

Is it good to invest in Lucid Motors?

Also, the Lucid Motors stock price rising more than 300% in less than a year shows that a lot of optimism is already well baked into the stock. Investors now putting their money into the company may be buying high.

Is NIO a good stock to buy?

“NIO is trading at attractive valuation of 1.7x one-year forward EV/sales,” added the analyst. NIO was trading for more than 13 times estimated 2021 sales back at the end of 2020. There has been a lot of valuation multiple contraction. Investors have sold high-growth stocks as inflation and interest rates have risen.

Who invested in Lucid Motors?

Saudi Arabia's Public Investment FundSaudi Arabia's Public Investment Fund, or PIF, invested $1 billion into Lucid Motors in 2018 when it was still a privately held company.

Is NIO a buy Zacks?

- Hold. Zacks' proprietary data indicates that NIO Inc. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the NIO shares relative to the market in the next few months.

How many lucid cars have been sold?

Lucid Produced 700 Cars In Q1 2022, Delivered 360 To Customers.

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%),...

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