Lucid Group, Inc. (LCID)
Market Cap | 6.54B |
Revenue (ttm) | 618.58M |
Net Income (ttm) | -2.73B |
Shares Out | 2.31B |
EPS (ttm) | -1.26 |
PE Ratio | n/a |
Forward PE | n/a |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 26,189,959 |
Open | 2.860 |
Previous Close | 2.880 |
Day's Range | 2.710 - 2.870 |
52-Week Range | 2.290 - 8.370 |
Beta | 1.05 |
Analysts | Hold |
Price Target | 3.93 (+38.38%) |
Earnings Date | May 6, 2024 |
About LCID
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. [Read more]
Financial Performance
In 2023, Lucid Group's revenue was $595.27 million, a decrease of -2.12% compared to the previous year's $608.18 million. Losses were -$2.83 billion, 116.8% more than in 2022.
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for LCID stock is "Hold." The 12-month stock price forecast is $3.93, which is an increase of 38.38% from the latest price.
News
Rivian, Lucid and other EV startups scramble to shore up cash and reassure Wall Street
Rivian, Lucid and Nikola this week each detailed plans to reduce costs while attempting to grow operations and make their first profits.
Lucid CEO says Chinese automakers are still 'years and years behind' Elon Musk's Tesla
Lucid CEO Peter Rawlinson said Chinese automakers are still "years behind" Tesla on EV technology. He told a Financial Times conference that car companies should not "underestimate" Chinese firms.
Ford CFO to become vice chair, Lucid Motors exec House to succeed
Ford Motor said on Friday CFO John Lawler would take on the additional role of being the company's vice chair and that former Lucid Motors finance chief Sherry House will join the company and succeed ...
LCID vs RIVN: Who Will Create a Truly Affordable E.V.
For Lucid (LCID) and Rivian (RIVN) it's a race between releasing a widely embraced, lower priced vehicle, notes Dave Nicholson. He breaks down this week's E.V.
Lucid Stock Skids as Wider Loss, Production Outlook, Capex Guidance Disappoint
Lucid (LCID) shares tumbled more than 8% in premarket trading Tuesday after the luxury electric vehicle maker disclosed a wider-than-expected quarterly loss, reiterated its soft 2024 production guidan...
Tesla Stock Falls. Lucid's Results Are Another Example of Slowing EV Demand.
Electric-vehicle start-up Lucid reports weak first-quarter results. Tesla shares follow Lucid shares lower.
Palantir (PLTR), Lucid (LCID): Earnings Just Released
Palantir's (PLTR) 1Q adjusted EPS came in at $0.08 versus an estimated $0.08 and its 1Q revenue came in at $634.00M versus an estimated $614.88M. Lucid's (LCID) 1Q adjusted EPS came in at -$0.30 versu...
No more price cuts planned at the moment, says Lucid CEO Peter Rawlinson
Peter Rawlinson, Lucid Motors CEO, joins 'Closing Bell Overtime' to talk quarterly results, the state of the EV space, Saudi investments and more.
Lucid loses longtime Apple and Intel exec who steered software division
Lucid Motors' senior vice president of digital Mike Bell has resigned from his position. The company said in a filing Monday that the longtime Apple and Intel executive's resignation is “effective imm...
Lucid reports 16% revenue growth for Q1: find out more
Lucid Group Inc is down 7.0% after the bell on Monday even though it came in ahead of sales estimates for its fiscal Q1. The stock is taking a hit primarily because $LCID lost more money on a per shar...
RIVN, LCID: U.S. E.V. Makers Coming Up for Earnings
U.S. E.V. makers are on deck this week. Rivian (RIVN) and Lucid (LCID) are to report earnings this week. Renita Young and Caroline Woods preview these earnings and discusses the outlook for Tesla (TSL...
Lucid posts bigger loss, but keeps production guidance intact
Shares of Lucid Group Inc. edged higher in the extended session Monday after the EV maker posted mixed quarterly results, keeping its production guidance for the year intact but reporting a larger-tha...
Lucid posts quarterly revenue beat as luxury EV sedan price cuts boost sales
Lucid Group reported first-quarter revenue above analysts' estimates on Monday as price cuts helped the company deliver more luxury electric sedans in the first three months of 2024.
Lucid Announces First Quarter 2024 Financial Results
Produced 1,728 vehicles in Q1; on track for annual production of approximately 9,000 vehicles Delivered 1,967 vehicles in Q1, up 39.9% compared to Q1 2023 Q1 revenue of $172.7 million Successfully rai...
Earnings Exchange: Disney, Simon Property Lucid Motors
Jeff Kilburg, CEO and CIO of KKM Financial, joins CNBC's 'The Exchange' to share outlooks on three stocks: Disney, Simon Property Group, and Lucid Motors.
Lucid Earnings Are Coming. Updates on Its Gravity SUV Will Be Key.
For the first quarter of 2024, Wall Street is looking for a per-share loss of 25 cents from sales of $154 million. A year ago, Lucid lost 43 cents a share from $149 million.
The 2024 Lucid Air Grand Touring: The Longest-Range EV Gets Even Better
NEWARK, Calif. , April 17, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, America's most awarded new luxury vehicle,i a...
New Car Price Data Is Good for Buyers, but Bad for Tesla and Lucid
The average price of a new car in March is still about $10,000 higher than prepandemic levels.
Luxury EV Maker Lucid Beats Delivery Estimates on Price Cuts, but Production Slows
Lucid Group (LCID) shares gained ground Tuesday as the luxury electric vehicle (EV) manufacturer delivered more cars than expected in the first quarter as it cut prices, although production slowed.
Lucid's stock gains on record shipments, but one bear still calls them ‘anemic'
The one-sentence release contained Lucid's LCID, +2.65% delivery numbers for the March quarter. The company delivered 1,967 vehicles while producing 1,728.
EV maker Lucid beats first-quarter delivery estimates
Lucid reported first-quarter deliveries above market expectations on Tuesday as price cuts helped boost demand for its luxury electric sedans.
Lucid Motors ekes out a new delivery record as it searches for more EV buyers
Lucid Motors delivered more EVs in the first quarter of 2024 than it has in any other quarter, though it set the record by a very slim margin. The Saudi-backed, California-based electric vehicle compa...
Lucid Announces Q1 Production & Deliveries, Sets Date for First Quarter 2024 Results
NEWARK, Calif. , April 9, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, America's most awarded new luxury vehicle1, to...
Lucid Group's stock climbs: Are higher gains in sight?
Shares of electric car manufacturer, Lucid Group (NASDAQ:LCID), saw a strong opening on Monday following the announcement that Ayar Third Investment Company, a majority stockholder of the company affi...
Lucid (LCID) Jumps on $1B Investment
Lucid (LCID) shares jump on a $1B investment. Renita Young discusses this as Ayar Third Investment Company is to purchase stock.