How to Buy Lucid Group Stock
Lucid Group Inc
Lucid Group, Inc. a technology and automotive company, develops electric vehicle (EV) technologies. The company designs, engineers, and builds electric vehicles, EV powertrains, and battery systems.
Lucid Group stock last closed at $4.40, up 5.01% from the previous day, and has decreased 55.33% in one year. It has underperformed other stocks in the Auto Manufacturers industry by 0.75 percentage points. Lucid Group stock is currently +21.55% from its 52-week low of $3.62, and -75.28% from its 52-week high of $17.80.
There are currently 2.29B shares of LCID outstanding. The market capitalization of LCID is $10.07B. In the past 24 hours, 38.65M LCID shares were traded.
How to Buy Lucid Group Stock
Wondering how to invest in Lucid Group stock? Here's how.
- Decide where to buy Lucid Group stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you determine where to buy Lucid Group stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Pick your method of payment and add your details.
- Analyze Lucid Group stock: The Lucid Group ticker symbol is LCID. Is Lucid Group stock a good investment? Should you buy shares of LCID? How do LCID's underlying business fundamentals look? Do top analysts think Lucid Group is a good buy? Why has LCID's stock price moved recently? (Hint: Our stock market analysis website can help you understand if LCID is a good stock to buy).
- Execute your LCID trade: Decide if you will purchase LCID shares at the current market price or use a limit order to buy LCID stock at a specific price.
- Get updates on your LCID investment: Create a watchlist to monitor your investment in Lucid Group shares.
Step 1: Decide where to buy Lucid Group stock
You need an online brokerage account in order to access the NASDAQ market and buy LCID stock.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen your brokerage, the next step is to fill out some personal info so you can buy LCID today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to open a new trading account.
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Step 3: Fund your brokerage account
Now that you have opened your account on the best investment app, your next step is to transfer the money for your investment:
Check out the tutorial below if you need help depositing funds into your brokerage account.
Step 4: Analyze Lucid Group stock
Once you have figured out the best place to buy Lucid Group stock, it's important to analyze their stock prior to investing, so you can wrap your head around the risk and upside.
Lucid Group stock quick numbers
LCID Due Diligence Checks
WallStreetZen was designed to help average investors perform more in-depth fundamental analysis.
You can view all of the due diligence checks on LCID's stock page.
Is LCID stock overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge LCID's true value.
Using relative valuations methods:
- LCID could be undervalued based on its P/B ratio of 1.86x, relative to Auto Manufacturers industry P/B ratio of 2.5x
You can do more valuation analysis on LCID's stock here.
A look at LCID Cashflows and Balance Sheet
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the LCID balance sheet.
- LCID has $4.42B in cash and short term investments. This is sufficient to cover its annual cash burn of $3.59B.
- LCID has cash burn of 3591609000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the LCID balance sheet.
Negative Financial Indicators:
- LCID has a relatively high debt to equity ratio of 0.65.
- LCID profit margin has gone up by 1.18 percentage points in the past year, but the company is still unprofitable.
Is Lucid Group stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 9 Wall Street analysts who research LCID, the consensus analyst rating on LCID is a Hold
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Latest LCID Analyst Ratings
Ben Kallo, a top 13% analyst from Baird initiates coverage on LCID with a hold rating and announces their LCID price target of $7.00, on Sep 6, 2023.
Baird's Ben Kallo initiated their coverage on Lucid Group (NASDAQ: LCID) with a Hold rating and a $7 price target.
The company has "best-in-class technology" that enables higher range and better efficiency, the analyst said.
However, Lucid's high starting prices and niche market segment remain a challenge the shares need to overcome, at least in the near term, Kallo cautioned.
That being the case, Baird will be "more constructive" on the shares when there are improvements in consumer health and progress in Lucid's volume ramp, the analyst added.
James Picariello, a top 4% analyst from Exane BNP Paribas downgrades LCID to a sell rating and lowers their LCID price target from $6.50 to $5.00, on Aug 11, 2023.
Itay Michaeli, a bottom 1% analyst from Citigroup maintains LCID with a hold rating and lowers their LCID price target from $8.00 to $7.50, on Aug 9, 2023.
John Murphy, a bottom 4% analyst from Bank of America reinstates LCID with a hold rating and announces their LCID price target of $8.00, on Jul 17, 2023.
You can dive deeper into what analysts are saying on the Lucid Group stock forecast page.
LCID Technicals
How are LCID Revenues/Earnings doing?
Last year, LCID revenue was $695.83M. In the past 2 year, LCID's revenue has increased by 1,164.32% per year. This was faster than the Auto Manufacturers industry average of 109.83%.
Find out more about LCID's earnings and revenue performance here.
Latest Insiders Trades at LCID
Over the last year, insiders at LCID have bought more shares than they have sold.
Michael Bell, Senior Vice President Digital of LCID, was the latest LCID insider to sell. They sold $280,877.35 worth of LCID shares on Sep 14, 2023.
Dig into more about who owns LCID stock here.
Does LCID stock generate passive income?
No, Lucid Group doesn't provide an income stream by paying out dividends.
LCID Social Trading Data
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your LCID trade
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount limit, place a limit order.
Click the Open button and your broker will place your order.
If you want more help with investing in stocks on eToro, watch the how to video below:
Step 6: Get updates on your LCID investment
Now that you own some LCID shares, you'll want to stay up-to-date on your new shares.
Make a watchlist to monitor your LCID stock.
LCID Feed
How to Buy Stock in Lucid Group
To reiterate, here are the 6 steps you need to take to buy Lucid Group stock right now:
- Decide where to buy Lucid Group stock
- Create your brokerage account
- Fund your brokerage account
- Analyze Lucid Group stock
- Execute your LCID trade
- Get updates on your LCID investment
If you require a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Lucid Group, add LCID to your watchlist by clicking the button below.
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