Why is Lucid Motors (LCID) stock falling today?
Lucid Motors ( LCID) stock is falling today. This comes after a warning from Tesla CEO Elon Musk. He wants to cut Tesla's workforce ahead of economic turmoil. Lucid Motors (NASDAQ: LCID) stock is slipping on Friday but not due to any news directly from the electric vehicle (EV) company.
How many shares of LCID stock are trading on the move?
Instead, only about 12 million shares of LCID stock are on the move as of this writing. For the record, the company’s daily average trading volume is about 23.6 million shares. LCID stock is down 6.3% as of Friday afternoon and is down 54.3% since the start of the year.
Why did lucid share price surge 9% on Tuesday?
Shares of electric car upstart Lucid (LCID) lit up on Tuesday, surging 9% in response to a what was actually a pretty even-keeled report by Charles Coldicott at UK research shop Redburn.
Is Lucid Motors stock moving in sympathy with Tesla?
Lucid Motors (NASDAQ: LCID) stock is slipping on Friday but not due to any news directly from the electric vehicle (EV) company. Instead, it looks like LCID stock is moving in sympathy with Tesla (NASDAQ: TSLA) shares.
Why is LCID stock down?
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.
Is LCID a hold?
The consensus among 4 Wall Street analysts covering (NASDAQ: LCID) stock is to Hold LCID stock.
What price will LCID open at?
18.11Performance OutlookPrevious Close18.03Open18.11Bid19.36 x 3100Ask19.38 x 900Day's Range17.99 - 19.523 more rows
What time will LCID trade?
Investors may trade in the Pre-Market (4:00-9:30 a.m. ET) and the After Hours Market (4:00-8:00 p.m. ET)....After-Hours Trades.After Hours Time (ET)After Hours PriceAfter Hours Share Volume17:20:50$18.154 more rows
Is LCID good buy?
LCID has an F grade for Value and Quality. The company's higher than industry valuation is consistent with the Value grade. In addition, LCID's poor profitability is in sync with the Quality grade. Of the 69 stocks in the F-rated Auto & Vehicle Manufacturers industry, LCID is ranked #60.
Is LCID buy or sell?
Today LCID ranks #13053 as sell candidate.
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 will LCID stock be worth in 5 years?
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.
Does LCID have dividends?
LUCID GROUP (NASDAQ: LCID) does not pay a dividend.
Is it good to invest in Lucid Motors?
Stay away from speculative investments at high prices In 2021, Lucid Group had an operating loss of $1.5 billion on revenue of just $27 million. If it can hit its production targets for 2022 and the majority of those cars get delivered, revenue will jump to slightly over $1 billion this year.
How many lucid cars have been sold?
Lucid Produced 700 Cars In Q1 2022, Delivered 360 To Customers.
Does QQQ have LCID?
LCID has around 46.2M shares in the U.S. ETF market. The largest ETF holder of LCID is the Invesco QQQ Trust (QQQ), with approximately 23.51M shares.
Key Points
NASDAQ: LCID
While Lucid shares have been dropping, other domestic EV maker shares have moved the other way.
What happened
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So what
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.
Now 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.
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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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