Lucid Group Inc (LCID)

NASDAQ
Currency in USD
2.720
+0.050(+1.87%)
Closed
Pre Market
2.770+0.050(+1.84%)
LCID Scorecard
Full Analysis
Holds more cash than debt on its balance sheet
Fair Value
Day's Range
2.6102.740
52 wk Range
1.9304.430
Key Statistics
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Prev. Close
2.72
Open
2.66
Day's Range
2.61-2.74
52 wk Range
1.93-4.43
Volume
65.57M
Average Volume (3m)
85.16M
1-Year Change
-3.55%
Book Value / Share
1.16
Fair Value
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Fair Value Upside
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LCID Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
2.747
Upside
+0.99%
Members' Sentiments
Bearish
Bullish
ProTips
Analysts anticipate sales growth in the current year
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Lucid Group Inc Company Profile

Lucid Group, Inc. a technology company, designs, engineers, manufactures, and sells electric vehicles (EV), EV powertrains, and battery systems. It also designs and develops proprietary software in-house for Lucid vehicles. The company sells vehicles directly to consumers through its retail sales network and direct online sales, including Lucid Financial Services. Lucid Group, Inc. was founded in 2007 and is headquartered in Newark, California. Lucid Group, Inc. operates as a subsidiary of Ayar Third Investment Company.

Lucid Group Inc SWOT Analysis


EV Tech Trailblaze
Lucid Group's advanced EV technology sets new benchmarks in battery efficiency and vehicle performance, positioning it as a formidable player in the luxury electric vehicle market
Financial Crossroads
Despite strong backing from Saudi Arabia's PIF, Lucid faces challenges with negative gross margins and high cash burn, with profitability projected for 2026
Market Dynamics
Explore Lucid's strategy to compete against established luxury automakers and EV startups, balancing technological superiority with brand-building efforts
Future Horizons
Analyst price targets range from $3 to $4, reflecting cautious optimism about Lucid's potential to capitalize on growing EV demand and expand its product lineup
Read full SWOT analysis

Lucid Group Inc Earnings Call Summary for Q3/2024

  • Record 2,781 vehicles delivered in Q3, up 91% YoY; revenue reached $200 million, a 45.2% increase
  • $1.75 billion raised, extending financial runway to 2026; production guidance of 9,000 vehicles for 2024 reaffirmed
  • Adjusted EBITDA loss of $613.1 million due to non-cash losses from derivative liabilities
  • Focus on scaling production, reducing prices; positive margins expected for Air and Gravity models
  • Midsize vehicle production planned for late 2026 in Saudi Arabia; Gravity SUV deliveries to target Saudi market
Last Updated: 11/09/2024, 04:00 AM
Read Full Transcript

Compare LCID to Peers and Sector

Metrics to compare
LCID
Peers
Sector
Relationship
P/E Ratio
−2.7x−0.3x10.8x
PEG Ratio
−0.240.000.02
Price/Book
3.1x0.4x1.4x
Price / LTM Sales
11.2x1.1x0.9x
Upside (Analyst Target)
10.3%14.0%23.6%
Fair Value Upside
Unlock34.3%7.9%Unlock

Analyst Ratings

0 Buy
10 Hold
2 Sell
Ratings:
12 analysts
Overall Consensus
Neutral

Analysts 12-Month Price Target:

Average 2.747
(+0.99% Upside)

Earnings

Latest Release
Nov 07, 2024
EPS / Forecast
-0.28 / -0.31
Revenue / Forecast
200.00M / 196.47M
EPS Revisions
Last 90 days

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FAQ

What Is the Lucid Group (LCID) Stock Price Today?

The Lucid Group stock price today is 2.72

What Stock Exchange Does Lucid Group Trade On?

Lucid Group is listed and trades on the NASDAQ stock exchange.

What Is the Stock Symbol for Lucid Group?

The stock symbol for Lucid Group is "LCID."

What Is the Lucid Group Market Cap?

As of today, Lucid Group market cap is 8.19B.

What is Lucid Group Earnings Per Share?

The Lucid Group EPS is -1.33.

What Is the Next Lucid Group Earnings Date?

Lucid Group will release its next earnings report on Feb 24, 2025.

From a Technical Analysis Perspective, Is LCID a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.
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