Why Are People Talking About Investing in Lucid (LCID)?

By Emilio Sanchez • Tuesday, November 07 17:07 • Permanent Link

Shares of Large-cap consumer discretionary company Lucid moved -0.5% this evening, and are now trading at $4.3 per share. The average analyst target price for the stock is $7.35.

Lucid Group, Inc. a technology and automotive company, engages in electric vehicle technologies business.

Based on its trailing earning per share of -1.64, Lucid has a trailing 12 month Price to Earnings (P/E) ratio of -2.6 LCID has a forward P/E ratio of -3.8 based on its earnings guidance of $None.

The company has a price to earnings growth (PEG) ratio of 2.42. A number between 0 and 1 could mean that the market is undervaluing Lucid's estimated growth potential

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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.