Lucid Group, Inc. (LCID)
Market Cap | 5.61B |
Revenue (ttm) | 595.27M |
Net Income (ttm) | -2.83B |
Shares Out | 2.30B |
EPS (ttm) | -1.36 |
PE Ratio | n/a |
Forward PE | n/a |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 20,565,993 |
Open | 2.400 |
Previous Close | 2.420 |
Day's Range | 2.360 - 2.550 |
52-Week Range | 2.350 - 8.370 |
Beta | 1.02 |
Analysts | Hold |
Price Target | 4.50 (+84.43%) |
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 $4.5, which is an increase of 84.43% from the latest price.
News
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.
Lucid Motors raises another $1 billion from Saudi as it searches for luxury EV buyers
Lucid Motors is raising another $1 billion from its biggest financial backer, Saudi Arabia, as it looks to blunt the high costs associated with building and selling its luxury electric sedan.
Lucid Stock Soars and Fisker Plunges. The Reason Is the Same.
Building a profitable EV start-up takes a lot of money.
EV maker Lucid Group rallies on heavy volume after $1B investment from majority stockholder
Lucid Group Inc.'s stock LCID, -3.15% was up by 15.9% on heavy volume of 11 million shares in premarket trades after the electric-vehicle maker said majority stockholder Ayar Third Investment Co., an ...
Lucid signs deal to raise $1 bln from Saudi's PIF affiliate
Electric automaker Lucid said on Monday it had signed a deal to raise $1 billion in funding from an affiliate of Saudi Arabia's Public Investment Fund.
Lucid Group, Inc. Announces Investment of $1.0 Billion by an Affiliate of PIF
NEWARK, Calif., March 25, 2024 /PRNewswire/ -- Lucid Group, Inc. (Nasdaq: LCID; "Lucid") announced today that it has entered into an agreement with its majority stockholder, Ayar Third Investment Comp...
Lucid Motors is stuck in a fight over the name of its Gravity SUV
Lucid Motors is at risk of losing the trademark for the name of its Gravity SUV, just months before the company is supposed to start production. Google Ventures-backed EV charging company Gravity Inc....
Rivian and Lucid shares plunge after weak EV earnings reports
Shares of electric vehicle makers Rivian and Lucid fell Thursday after the companies reported stagnant production in their fourth quarter earnings.
EV Momentum Stalls: Rivian Cuts Jobs, Lucid Disappoints
Rivian Automotive's shares fell the most on record after the electric-vehicle maker issued a disappointing production forecast and announced another round of job cuts. Lucid also disappointed investor...
Rivian, Lucid tumble as slowing EV demand upsets ramp-up plans
Rivian Automotive and Lucid Group tumbled in premarket trading on Thursday after their earnings reports pointed to the impact of slowing electric-vehicle demand on their costly ramp-up plans.
Rivian and Lucid Stocks Are Diving. The EV Story's New Twist.
Electric-vehicle startups Rivian and Lucid both provided disappointing guidance. The U.S. luxury EV market looks saturated.
Nio, Tesla, and VinFast stock forecast after Rivian, Lucid earnings
Electric vehicle (EV) stocks will be in the spotlight on Thursday as investors reflect on more bad news in the industry. Most of these companies have already crashed by double-digits this year and ana...
Lucid's stock drops 8% as losses mount for the EV startup, lower 2024 guidance
Lucid Group Inc. shares fell 8.4% in the extended session Wednesday after the EV maker reported a mixed fourth quarter, with revenue below Wall Street estimates, and production guidance also disappoin...
Lucid Motors will only build 9,000 EVs in 2024 after once predicting it would ship 90,000
Lucid Motors plans to build just 9,000 electric vehicles in 2024, only 500 to 1,000 more than it made in 2023, as it struggles with demand for its luxury sedans.
Lucid forecasts annual vehicle production below estimates
Lucid Group forecast annual vehicle production far below analysts' estimates on Wednesday, on signs that demand for its luxury electric vehicles will slow down as high interest rates pinch consumer bu...
Lucid Announces Fourth Quarter and Full Year 2023 Financial Results
Delivered 1,734 vehicles in Q4 and 6,001 vehicles in 2023, up 37% compared to full year 2022 Produced 2,391 vehicles in Q4 and 8,428 vehicles in 2023, meeting the higher-end of 2023 annual production ...
Simpler Trading's Danielle Shay's bearish outlook for Rivian and Lucid
Danielle Shay, Simpler Trading vice president of options, joins 'The Exchange' to discuss how to trade Rivian, Lucid and Synopsys.