Lucid Group, Inc. (LCID)

NASDAQ: LCID · IEX Real-Time Price · USD
3.510
+0.010 (0.29%)
Jul 22, 2024, 12:45 PM EDT - Market open
0.29%
Market Cap 8.21B
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 20,253,131
Open 3.560
Previous Close 3.500
Day's Range 3.490 - 3.640
52-Week Range 2.290 - 7.750
Beta 1.05
Analysts Hold
Price Target 3.71 (+5.7%)
Earnings Date Aug 5, 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]

Founded 2007
Employees 6,500
Stock Exchange NASDAQ
Ticker Symbol LCID
Full Company Profile

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 Statements

Analyst Forecast

According to 11 analysts, the average rating for LCID stock is "Hold." The 12-month stock price forecast is $3.71, which is an increase of 5.70% from the latest price.

Price Target
$3.71
(5.70% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Lucid Capital Markets Establishes REIT Equity Research Group With Hiring of Industry Veteran Craig Kucera

NEW YORK--(BUSINESS WIRE)--Lucid Capital Markets, LLC (“Lucid”), a full service broker dealer and investment bank, is pleased to announce the establishment of its REIT Equity Research Franchise with t...

3 days ago - Business Wire

REMspace Raises $1M in Seed Round to Ignite the Lucid Dream Revolution

SAN FRANCISCO--(BUSINESS WIRE)--Lucid dreaming and improved sleep quality are one step closer to becoming a reality for millions of Americans. REMspace, a neurotechnology company specializing in lucid...

4 days ago - Business Wire

Lucid Raises the Bar with World's Most Efficient Car Achieving Landmark 5.0 miles/kWh and Record 146 MPGe

The new 2025 Lucid Air Pure is the most efficient and thus most sustainable vehicle made, with 420 miles of EPA-estimated range, a powerful new infotainment processor, and heat pump as standard, still...

6 days ago - PRNewsWire

Not Just Tesla: These Car Stocks Speed To 2024 Highs

Ford's rally to 2024 highs led Friday's resurgence among American automaker stocks, as several friendly factors boosted the legacy automakers and newer electric vehicle players like Tesla alike.

Other symbols: FGMBYDDFBYDDYRIVNTM
9 days ago - Forbes

Lucid Group stock analysis: how high can LCID reach?

Lucid Group (LCID) stock price continued rising on Thursday as demand for electric vehicle companies rose. It jumped to a high of $3.37, its highest point since February this year.

10 days ago - Invezz

Lucid CEO Sees Need to Continue Raising Money for Growth

Lucid CEO Peter Rawlinson says the company's vision is to “be a major player” in the electric vehicle market as he discusses a new partnership with Saudi Arabia's Public Investment Fund and their EV t...

11 days ago - Bloomberg Markets and Finance

EV maker Lucid to recall over 5,200 vehicles, says US regulator

Lucid Group will recall 5,251 of its Air luxury sedans, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Tuesday.

13 days ago - Reuters

Lucid Stock Rises After EV Maker Reports 70% Delivery Growth

Shares of Lucid Group (LCID) rose Monday after the electric vehicle maker announced robust second-quarter delivery numbers.

13 days ago - Investopedia

Lucid Deliveries Send the Stock Higher. This Is the Next Challenge.

Lucid delivers 2,394 cars in the second quarter, up from 1,967 delivered in the first quarter.

14 days ago - Barrons

EV maker Lucid's stock leaps after deliveries jump 70% in Q2

Shares of Lucid Group Inc. rallied Monday, after the electric-vehicle maker reported a big jump in deliveries during the second quarter.

14 days ago - Market Watch

Lucid Motors sets new record for EV deliveries as it seeks ‘escape velocity'

Lucid Motors delivered 2,394 EVs in the second quarter of 2024, a new record for the company and a positive sign amid its struggle to establish a foothold in the still-growing market for electric vehi...

14 days ago - TechCrunch

EV maker Lucid beats quarterly deliveries estimates helped by price cuts

Lucid Group reported second-quarter deliveries above analysts' estimates on Monday, as price cuts bolstered demand for its luxury electric sedans.

14 days ago - Reuters

Lucid Announces Q2 Production & Deliveries, Sets Date for Second Quarter 2024 Results

NEWARK, Calif. , July 8, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced production and delivery totals for the quarter end...

14 days ago - PRNewsWire

Very good news for EV stocks like Lucid, Rivian, Polestar, and XPeng

Electric vehicle (EV) stocks have stabilised in the past few weeks as investors started to buy the dip after most of them crashed by double-digits this year. Therefore, an important development in the...

Other symbols: TSLAPSNYRIVNXPEV
19 days ago - Invezz

Lucid Group, Inc and Gravity, Inc. Reach Agreement Regarding Trademark Dispute

NEWARK, Calif. and NEW YORK , June 28, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of advanced electric vehicles, today announced it has reached an agreement with Gravity, Inc., an Am...

23 days ago - PRNewsWire

Lucid Appoints Nick Twork as Head of Global Communications

NEWARK, Calif. , June 25, 2024 /PRNewswire/ -- Lucid Group , Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, announced the appointment of Nick Twork as Head of Global Commun...

27 days ago - PRNewsWire

Lucid Ready To Swipe Key Trademark From Fisker? Consumers May See This Vehicle Name In The Near Future

Electric vehicle company Lucid Group Inc LCID stands to benefit from rival Fisker Inc‘s FSRN declaring bankruptcy.

4 weeks ago - Benzinga

Lucid Vs. Tesla: CEO Says Company's Technology Is 'A Number Of Years Ahead' Of EV Leader

The battle for dominance in the electric vehicle sector could include range of batteries and overall technology, something multiple companies are looking to differentiate themselves on in the sector.

4 weeks ago - Benzinga

Lucid stock price analysis: a bargain or a value trap?

Lucid Group (NASDAQ: LCID) stock price has been in a strong freefall this year as concerns about its cash burn continued. It has crashed by over 35% this year, joining other popular EV companies like ...

6 weeks ago - Invezz

Lucid CEO To Speak at Deutsche Bank Global Auto Industry Conference and Evercore ISI Global Clean Energy & Transitions Summit

NEWARK, Calif. , June 7, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced that Peter Rawlinson, CEO and CTO, will participat...

6 weeks ago - PRNewsWire

Lucid Group: Bearish Signals in an Unsustainable Business

Once a super-hyped $90 billion electric vehicle maker, Lucid Group Inc. (LCID, Financial) now faces extreme skepticism from the markets as it struggles to achieve a sustainable business in a market th...

6 weeks ago - GuruFocus

Lucid Announces Appointment of Lisa M. Lambert to Board of Directors

Former Intel, National Grid Executive Brings Technology and Sustainability Leadership to the Company NEWARK, Calif. , June 4, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world'...

6 weeks ago - PRNewsWire

ProcessMaker and Lucid Software Announce Partnership and Integration to Streamline Business Process Automation

Durham, North Carolina, June 04, 2024 (GLOBE NEWSWIRE) -- ProcessMaker, a leader in business process intelligence and automation, has partnered with Lucid Software, the maker of the intelligent diagra...

6 weeks ago - GlobeNewsWire

Lucid CEO says Tesla is 'losing its way'

Lucid CEO Peter Rawlinson criticized Tesla in a recent interview. Rawlinson, a former Tesla engineer, said that Tesla has lost its way.

Other symbols: TSLA
7 weeks ago - Business Insider

Lucid Group (LCID) to Lay Off 400 Employees

Lucid Group (LCID) is to lay off 400 employees. George Tsilis discusses this as the layoffs are impacting 6% of their workforce.

2 months ago - Schwab Network