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Lucid Group (LCID)
NASDAQ:LCID
Lucid Group (LCID) Stock Price & Analysis
13,598 Followers
LCID Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$2.29 - $8.37
Previous Close$2.84
Volume15.64M
Average Volume (3M)27.96M
Market Cap
$6.56B
Enterprise Value$4.78B
Total Cash (Recent Filing)$3.86B
Total Debt (Recent Filing)$2.08B
Price to Earnings (P/E)-2.3
Beta1.84
Next Earnings
Jul 31, 2024EPS Estimate
-$0.26Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.26
Shares Outstanding2,307,150,085
10 Day Avg. Volume34,895,893
30 Day Avg. Volume27,958,649
Standard Deviation0.23
R-Squared0.11
Alpha-0.05
Financial Highlights & Ratios
Price to Book (P/B)1.35
Price to Sales (P/S)11.01
Price to Cash Flow (P/CF)-3.50
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue8.02
Enterprise Value/Gross Profit8.02
Enterprise Value/Ebitda-3.31
Forecast
1Y Price Target
$3.26Price Target Upside14.59% Upside
Rating ConsensusHold
Number of Analyst Covering9
Lucid Group News
Bulls Say, Bears Say
Bulls Say
Financial HealthLucid's recent $1 billion capital infusion from an affiliate of Saudi Arabia's Public Investment Fund underscores strong financial backing and commitment to the company's long-term strategy.
Operational MilestoneLucid has demonstrated operational success by exceeding estimated delivery numbers, signaling robust demand and effective inventory management for their electric vehicles.
Product LaunchThe Lucid Gravity SUV, boasting 440 miles of range and a 0-60 MPH time of under 3.5 seconds, is poised to make a significant impact in the SUV market, which is estimated to be three times larger than the luxury sedan market.
Bears Say
Capital NeedsThe $1bn raise is equal to the forecasted first half year free cash flow loss, indicating high cash burn rates.
Financial PerformanceLucid faces challenges with past demand/branding and relies on successful Gravity ramp.
Market ConditionsWe anticipate weak demand for luxury auto sales due to high interest rates and economic uncertainty.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
LCID FAQ
What was Lucid Group’s price range in the past 12 months?
Lucid Group lowest stock price was $2.29 and its highest was $8.37 in the past 12 months.
What is Lucid Group’s market cap?
Currently, no data Available
When is Lucid Group’s upcoming earnings report date?
Lucid Group’s upcoming earnings report date is Jul 31, 2024 which is in 72 days.
How were Lucid Group’s earnings last quarter?
Lucid Group released its earnings results on May 06, 2024. The company reported -$0.3 earnings per share for the quarter, missing the consensus estimate of -$0.248 by -$0.052.
Is Lucid Group overvalued?
According to Wall Street analysts Lucid Group’s price is currently Undervalued.
Does Lucid Group pay dividends?
Lucid Group does not currently pay dividends.
What is Lucid Group’s EPS estimate?
Lucid Group’s EPS estimate is -$0.26.
How many shares outstanding does Lucid Group have?
Lucid Group has 2,307,150,100 shares outstanding.
What happened to Lucid Group’s price movement after its last earnings report?
Lucid Group reported an EPS of -$0.3 in its last earnings report, missing expectations of -$0.248. Following the earnings report the stock price went down -14.098%.
Which hedge fund is a major shareholder of Lucid Group?
Among the largest hedge funds holding Lucid Group’s share is Public Investment Fund. It holds Lucid Group’s shares valued at 4B.
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Lucid Group Stock Smart Score
Underperform
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Analyst Consensus
Hold
Average Price Target:
$3.26 (14.59% Upside)
$3.26 (14.59% Upside)
Blogger Sentiment
Neutral
LCID Sentiment 57%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 3.2M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.1%
Last 30 Days ▼ 4.1%
Last 30 Days ▼ 4.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-60.71%
12-Months-Change
Fundamentals
Return on Equity
-65.24%
Trailing 12-Months
Asset Growth
22.53%
Trailing 12-Months
Company Description
Lucid Group
Churchill Capital Corp IV is a blank check company.
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LCID Company Deck
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LCID Earnings Call
Q1 2024
0:00 / 0:00
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LCID Stock 12 Month Forecast
Average Price Target
$3.26
▲(14.59% Upside)
Technical Analysis
Best Analysts Covering LCID
1 Year
1 Year Success Rate
13/13 ratings generated profit
1 Year Average Return
+54.19%
reiterated a sell rating 2 months ago
Copying Adam Jonas's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +54.19% per trade.
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