Lucid Stock in Focus

By Harris Dyer • Saturday, January 21 15:02 • Permanent Link

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 (%)
2021-12-31	27	155	-471.34	-2168.19
2020-12-31	4	3	22.79	57.5
2019-12-31	5	4	14.47	n/a

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.