Is LCID a good stock to buy?
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.Apr 7, 2022
Is LCID a Buy Sell or Hold?
According to the issued ratings of 8 analysts in the last year, the consensus rating for Lucid Group stock is Buy based on the current 1 sell rating, 2 hold ratings and 5 buy ratings for LCID.
Is LCID 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
Is NIO stock a buy now?
Bottom line: Nio stock is not a buy right now. To find the best stocks to buy or watch, check out IBD Stock Lists and other IBD research.Mar 31, 2022
What is LCID stock prediction?
Lucid Group Inc (NASDAQ:LCID) 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 +121.35% increase from the last price of 20.33.
What is the target price for LCID?
Stock Price TargetsHigh$50.00Median$45.00Low$12.00Average$38.00Current Price$20.32
What will lucid stock be worth in 5 years?
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. Retail traders have long been drawn to EV stocks, and several have gone public with a blank-check vehicle known as a SPAC – a move that attracts even more retail traders.Mar 16, 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
Has lucid sold any cars?
The Company's Q4 revenue was $26.4 million , including $21.3 million from initial deliveries of its innovative Lucid Air Dream Edition, which began in October. Lucid delivered 125 cars to customers in the fourth quarter, with total production exceeding 400 vehicles to date and over 300 deliveries to customers.Feb 28, 2022
Is NIO expected to rise?
NIO Inc (NYSE:NIO) The 29 analysts offering 12-month price forecasts for NIO Inc have a median target of 32.97, with a high estimate of 86.67 and a low estimate of 24.11. The median estimate represents a +71.83% increase from the last price of 19.19.
Is NIO undervalued?
For perspective, Nio's Q1 2022 guidance implies a little over 10,000 deliveries for March - about 35% higher year-over-year, although it marks a decline from December 2021 levels. We still think Nio stock remains undervalued.Mar 28, 2022
Does NIO stock pay dividends?
NIO (NYSE: NIO) does not pay a dividend.
Key Points
While Lucid shares have been dropping, other domestic EV maker shares have moved the other way.
NASDAQ: LCID
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What happened
The stock of highly followed electric vehicle maker Lucid Group ( LCID -5.41% ) has been in decline over the last week, even without any specific news from the company. That trend continued today as shares were down 4.5% as of 2:13 p.m. ET.
So what
There are several reasons that might explain why investors have been selling Lucid. It has a market capitalization of more than $63 billion and hasn't even shipped 1,000 vehicles yet. But there are other low- or pre-revenue EV names that are also extremely highly valued by traditional metrics.
Now what
Now, there are also explanations for why Tesla and Rivian stocks have moved higher recently. Tesla CEO Elon Musk finalized his stretch of stock sales, which may have marked a reversal in those shares.
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Why the Decline?
LCID sock surged high in the previous months. The company’s shares soared 43.2% for the month of November. Moreover, the stock went up by 141.67 in the past three months and a staggering 372.23% year to date.
Car of the Year
On November 15, LCID announced that its Lucid Air sedan has been named MotorTrend’s Car of the Year. Hence, making it the first for a new automotive company to win the award with its first car.
Why is Lucid Motors stock going down?
Lucid Motors stock is now down almost 16 percent from its post-merger highs. There has been a commensurate fall in other EV stocks and Tesla is up over the period.
Is Lucid Motors stock overvalued?
Lucid Motors is the most valuable EV startup that's in the pre-revenue stage. Nikola and Fisker have a market cap of below $5 billion. Nikola’s deliveries are also expected in 2021—like Lucid Motors. Even if we apply a valuation discount to Nikola for the multiples issues that it's grappling with, the valuation gap looks astonishing.
EV competition
In its earnings release for the second quarter of 2021, Ford said that Mustang Mach-E was the second best-selling electric SUV in the U.S. It would be dangerous to write off legacy automakers from the EV race looking at their aggressive plans. Then, we have a flurry of EV startups launching their models over the next two years.
Will LCID stock go back up?
Lucid Motors was trading lower in premarket on July 30. The stock could fall more from these levels before it goes back up. While Lucid has an attractive product proposition, the price and valuations look elevated to buy the stock now.
Will Lucid Motors be the next Tesla?
Many people are speculating whether Lucid Motors would be the next Tesla. Even Lucid Motors CEO Peter Rawlinson sees the EV industry as a two-horse race between itself and Tesla.
