Lucid Group, Inc. (LCID)
| Market Cap | 6.67B |
| Revenue (ttm) | 668.29M |
| Net Income (ttm) | -2.76B |
| Shares Out | 2.61B |
| EPS (ttm) | -1.20 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 52,865,359 |
| Open | 2.620 |
| Previous Close | 2.630 |
| Day's Range | 2.520 - 2.630 |
| 52-Week Range | 2.290 - 5.310 |
| Beta | 1.05 |
| Analysts | Hold |
| Price Target | 3.55 (+39.22%) |
| Earnings Date | Nov 7, 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 10 analysts, the average rating for LCID stock is "Hold." The 12-month stock price forecast is $3.55, which is an increase of 39.22% from the latest price.
News
Lucid says its stock sale will provide 'cash runway' well into 2026
Lucid CEO Peter Rawlinson said on Monday that a stock sale announced last week will provide the electric luxury sedan maker with a "cash runway well into 2026."
Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise
Lucid Group announced a public offering last week to raise roughly $1.75 billion. CEO Peter Rawlinson said the raise was a timely, strategic business decision to ensure the EV maker has enough capital...
Why Lucid Group Stock Is Plunging Today
Lucid Group stock is spiraling Thursday after the EV maker said it is selling stock to raise cash. Here's why that's important to investors.
Lucid Group Stock Tanks on Share Sale, Bigger-Than-Expected Projected Loss
Shares of Lucid Group (LCID) plunged Thursday as the struggling luxury electric vehicle (EV) maker announced that it plans to sell about 637 million shares on the market and to investors for a total o...
CSX Posts Weak Earnings, Joins Lucid Group, Nokia And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
U.S. stock futures were mostly higher this morning, with the Nasdaq futures gaining around 100 points on Thursday.
EV-maker Lucid expects to raise $1.67 bln from stock sale
Cash-strapped electric vehicle maker Lucid said on Thursday a public offering of more than 262 million shares would likely fetch it $1.67 billion in proceeds.
Lucid Group, Inc. Announces Pricing of Public Offering of Common Stock and Corresponding Investment by an Affiliate of PIF for Aggregate Gross Proceeds of Approximately $1.67 Billion
NEWARK, Calif. , Oct. 17, 2024 /PRNewswire/ -- Lucid Group, Inc. (Nasdaq: LCID; "Lucid") announced today that it priced its underwritten public offering of 262,446,931 shares of its common stock.
Lucid Stock Tumbles 15%. EV Maker Plans Huge Shares Sale, Sees Bigger Losses.
The company said it plans a substantial public offering and projected a larger-than-expected loss for the third quarter.
Lucid sees bigger losses ahead, and its stock drops 10%
Shares of Lucid Group Inc. fall more than 10% in the extended session Wednesday after the EV maker called for larger-than-expected operational losses and quarterly revenue that would be slightly ahead...
Lucid expects wider-than-estimated Q3 loss on sluggish EV demand
Electric vehicle maker Lucid Group expects a wider-than-expected third-quarter loss amid high costs and sluggish demand, sending its shares down 10% in aftermarket trading on Wednesday.
Lucid shares tumble following public offering of nearly 262.5 million shares
Shares of Lucid Group dropped during after-hours trading after the electric vehicle startup announced a public offering of nearly 262.5 million shares of its common stock. Lucid intends to use the pro...
Lucid Group, Inc. Announces Public Offering of Common Stock and Corresponding Investment by an Affiliate of PIF
NEWARK, Calif. , Oct. 16, 2024 /PRNewswire/ -- Lucid Group, Inc. (Nasdaq: LCID; "Lucid") announced today the commencement of a public offering of 262,446,931 shares of its common stock.
Four Seasons and Lucid Team Up to Offer Guests Sustainable Driving Experiences
Advanced electric car company to provide complimentary cars for guest use at participating Four Seasons hotels and resorts beginning this month TORONTO and NEWARK, Calif. , Oct. 14, 2024 /PRNewswire/ ...
Top 5 Tax-Loss Stocks To Sell By October 31, 2024
Wolfe Research recommends selling certain stocks based on year-to-date returns and volume-weighted average price, especially before mutual funds' October 31 year-end. Investors should consider tax-los...
Why Lucid Group (LCID) Stock is Falling Today
The electric vehicle (EV) market has faced challenges recently, including demand not meeting expectations and increased global trade barriers. Lucid Group (LCID, Financial) stocks experienced a 1.2% i...
Lucid's stock climbs, boosted by jump in vehicle deliveries
Lucid's third-quarter vehicle deliveries are up 90% year-over-year.
Lucid Motors sets third straight quarterly sales record ahead of Gravity SUV launch
Lucid Motors has now officially sold more EVs this year than it did in all of last year, and with three months to go in 2024.
Lucid beats quarterly deliveries estimate as price discounts boost demand
Lucid Group beat market expectations for third-quarter deliveries on Monday, as discounts and cheaper financing options for its luxury electric vehicles boosted demand in an uncertain economy.
Lucid Announces Q3 Production & Deliveries, Sets Date for Third Quarter 2024 Results
NEWARK, Calif. , Oct. 7, 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...
Lucid Group: Continued Liquidity Dip Sets Up Precarious Drive For This EV Upstart
Lucid Group's deliveries and revenue have grown, but they fall short of early guidance, reflecting a reset of expectations amid a challenging macro environment. The company faces significant cash burn...
taq Automotive Intelligence Partners With EV Luxury Brand Lucid Motors
MARKHAM, Ontario--(BUSINESS WIRE)--taq Automotive Intelligence, (taq), a Canadian-based company specializing in automotive retail technology, is proud to announce a partnership with California-based L...
What is the future of Lucid Group and Rivian stocks?
Rivian (RIVN) and Lucid Group (LCID) stock prices have staged a strong comeback in the past few months. Lucid has led this growth, rising by almost 50% in the last three months while Rivian has jumped...
Lucid Stock Is Rising. This Is Why.
Electric-vehicle maker Lucid Group hosted a technology day on Tuesday. Some of the tidbits management gave are helping Lucid stock.
Lucid Not Ready To Take On Tesla Cybertruck: CEO Says 'Tough To Make An Electric Pickup Truck Work Today'
Lucid Group LCID isn't ready to make an electric pickup truck yet to compete with the Tesla Inc TSLA Cybertruck, but hopes its new SUVs can take on the EV leader.
Lucid Showcases Gravity SUV and Provides Analysis of Cost Effectiveness of its Enabling Technologies During Technology & Manufacturing Day
CASA GRANDE, Ariz. , Sept. 10, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, showcased the forthcoming Lucid Gravity SUV, its enabling te...