Shares of Lucid moved 5.0% Friday, and are now trading at a price of $7.82. In contrast, the S&P 500 index saw a 1.9% change. Today's trading volume is 20,606,509 compared to the stock's average volume of 26,818,195.
Lucid Group, Inc. a technology and automotive company, develops electric vehicle (EV) technologies. Based in Newark, United States the company has 3,900 full time employees and a market cap of $14,297,384,960.
The company is now trading -47.05% away from its average analyst target price of $14.77 per share. The 7 analysts following the stock have set target prices ranging from $10 to $18, and on average give Lucid a rating of hold.
Over the last year, LCID shares have gone down by -79.3%, which represents a difference of -69.4% when compared to the S&P 500. The stock's 52 week high is $37.88 per share and its 52 week low is $6.09. With its gross margins declining an average -1055.3% over the last four years, Lucid may not have a strong enough business to reverse this trend.
|Date Reported||Revenue ($ MM)||Cost of Revenue ($ MM)||Gross Margins (%)||YoY Growth (%)|