The stocks of EV leader Tesla (NASDAQ: TSLA), and start-ups Lucid Group (NASDAQ: LCID) and Rivian Automotive (NASDAQ: RIVN), are down between 15% and 37% year to date. Much of that drop occurred in tandem with investor sentiment moving away from many tech and speculative names.
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 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.
Why is everyone talking about lucid stock?
“Unilever seems to be labouring under the weight of a management which is obsessed with publicly displaying sustainability credentials at the expense of focusing on the fundamentals of the business,” wrote the head of Fundsmith Equity Fund, Terry Smith, earlier this month as quoted by the Financial Times.
Why is everyone talking about lucid Group stock?
Lucid Group (NASDAQ: LCID ... It's small wonder, then, that everyone's talking about Lucid stock right now. Lucid still has a long way to go, but 2022 could prove whether the company can make ...
Why did Lucid stocks drop?
Key Data Points. But the supply chain challenges it is facing caused it to reduce its target production volume for 2022 to a range of 12,000 to 14,000 vehicles. Investors will want to watch how the reservations have progressed, as well as any updates on its production plans.
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.
What happen with Lucid stock?
Lucid lost 64 cents a share on revenue of $36.7 million. The company also updated 2022 production guidance. It's now forecasting 12,000-14,000 vehicles, vs. 20,000 earlier.
Does Lucid have a future?
Lucid expects its expenses to soar in 2022 and 2023 as it executes those plans. Based on its reduced shipment targets, analysts expect the company to generate just $1.3 billion in revenue this year, compared to its original target of $2.2 billion, while incurring a net loss of $2.2 billion.
Will Lucid stock go back 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.
Is Lucid better than Tesla?
The entry-level Tesla Model S has 375 miles of range, while the best-possible range for a Model S is 405 miles. As for the Lucid Air, the entry-level Lucid Air Pure gets 406 miles of range, while the best possible range for the Lucid Air is a whopping 520 miles.
Will lucid Motors survive?
Lucid claims to have sufficient capital to keep factories operating through 2022 and meet the production goals of 20,000 cars in 2022 and 50,000 vehicles in 2023. Based on hopes for the future, investors in Lucid have endowed the company with a market capitalization that rivals that of the Ford Motor Company.
Is Lucid overvalued?
The post Lucid Group Is Overvalued Because of Two Critical Factors appeared first on InvestorPlace.
What is the forecast for Lucid 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 +94.35% increase from the last price of 16.98.
Is Lucid profitable?
Lucid will incur its biggest expenses throughout 2022 and 2023. But after it reins in its initial spending, Lucid believes it will turn profitable on an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis in 2024, and that its free cash flow (FCF) will turn positive in 2025.
What happened
It's Thursday, and for the second day in a row, shares of electric car start-up Lucid Group ( LCID 2.52% ) are rolling downhill -- down 6.4% as of 3:15 p.m. ET.
So what
As you've probably heard by now, the U.K. stock shop put out a report on both Lucid and its rival Rivian Automotive earlier this week.
NASDAQ: LCID
You've probably also heard that Redburn wasn't 100% enthusiastic about Lucid in this report, rating the stock only neutral (Rivian stock got a buy rating), and valuing Lucid at only $39 per share (Rivian costs closer to $43 today, making the stock look overvalued ).
Now what
Suffice it to say that's a very high valuation to place on Lucid's uncertain prospects -- and a very long time to wait to learn whether Lucid will ever earn a profit at all.
Premium Investing Services
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.
What happened
Lucid Group (NASDAQ: LCID) shares opened low and proceeded lower in early trading on the Nasdaq Stock Market Friday morning. By 9:45 a.m. ET, shares of the electric car start-up were down 9.7%.
So what
Wednesday evening, as you've probably heard by now, electric car kingpin Tesla reported terrific results for its fiscal fourth quarter of 2021 -- sales up 65% year over year, profits well ahead of estimates, and profit margins surging across the board.
Now what
In this way, Tesla's news was arguably bad news for Lucid in two different ways. On the one hand, Tesla's phenomenal success in sales is sewing up the electric cars market, and draining the supply of potential buyers for Lucid's cars.
The Motley Fool
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community.
What happened
Lucid Group (NASDAQ: LCID) stock crashed in Friday afternoon trading, falling 5.7% through 3:25 p.m. ET after a note from Morgan Stanley (MS) suggested Lucid could "miss" its target for deliveries in the fourth quarter.
So what
Lucid Group is scheduled to report its Q4 2021 financial results on Monday, Feb. 28. Most analysts are forecasting Lucid will report $36.7 million in Q4 revenues and a $0.35 per share loss (with revenues of $61 million and losses of $1.42 per share for the year).
Now what
Morgan Stanley may not think investors will be upset if Lucid misses guidance in Q4, but the banker's apparent assumption that such a miss is inevitable actually does seem to be upsetting investors today.
The Motley Fool
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community.
What happened
It's Thursday, and for the second day in a row, shares of electric car start-up Lucid Group (NASDAQ: LCID) are rolling downhill -- down 6.4% as of 3:15 p.m. ET.
So what
As you've probably heard by now, the U.K. stock shop put out a report on both Lucid and its rival Rivian Automotive earlier this week.
Now what
Suffice it to say that's a very high valuation to place on Lucid's uncertain prospects -- and a very long time to wait to learn whether Lucid will ever earn a profit at all.
The Motley Fool
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community.
Could this be the buying opportunity you've been waiting for?
Joe honed his investing skills as an analyst for Stock Advisor. He battle-tested his investment philosophy and strategies as portfolio manager of Tier 1, a market-crushing Motley Fool real-money portfolio that delivered 24.58% annualized returns.
What happened
Shares of Lucid Group ( NASDAQ:LCID) plunged 18% on Friday after the electric-vehicle ( EV) upstart announced a sizable debt sale.
So what
Lucid intends to offer $1.75 billion in convertible senior notes to institutional investors in a private sale. These investors will also have the opportunity to purchase an additional $262.5 million in notes within 13 days from the day the debt is first issued.
Now what
Investors aren't excited about the prospect of having their ownership stakes diluted should the buyers of Lucid's notes decide to convert them into shares in the future. But we don't yet know the share price at which this conversion can take place, and it's possible that it could be higher than some investors currently expect.