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 $11.62, down 3.73% from the previous day, and has decreased 56.88% in one year. It has underperformed other stocks in the Auto Manufacturers industry by 0.31 percentage points. Lucid Group stock is currently +90.8% from its 52-week low of $6.09, and -61.42% from its 52-week high of $30.12.
There are currently 1.68B shares of LCID outstanding. The market capitalization of LCID is $19.53B. In the past 24 hours, 29.85M 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.
How to Open a New Brokerage Account on eToro
- Click here to get started.
- Provide your personal info to open a new trading account.
- Send your application by hitting the "Create Account" button.
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/E ratio of 7.04x, relative to Auto Manufacturers industry P/E ratio of 26.19x
- LCID may be overvalued based on its P/B ratio of 6.04x, relative to Auto Manufacturers industry P/B ratio of 2.14x
You can do additional valuation research on LCID's stock here.
A look at LCID Cashflows and Balance Sheet
Positive Financial Indicators:
- LCID has $3.34B in cash and short term investments. This is sufficient to cover its annual cash burn of $2.80B.
- There are more short-term assets than long-term liabilities on the LCID balance sheet.
- LCID has cash burn of 2797343000. 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 1.13.
- LCID profit margin has gone up by 913.67 percentage points in the past year, but the company is still unprofitable.
Is it a good time to buy LCID stock, according to analysts?
Out of 8 sell side analysts who track LCID, the consensus analyst rating on LCID is a Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Latest LCID Analyst Upgrades/Downgrades
Adam Jonas, a top 47% analyst from Morgan Stanley maintains LCID with a strong sell rating and lowers their LCID price target from $10.00 to $5.00, on Jan 25, 2023.
EVs are moving from an acute under-supply situation to a potential over-supply, Jonas said.
Tesla's recent price cuts "are just the latest sign the EV market may be entering the 'shake-out' phase," he detailed.
Continuing his assessment, Jonas argued that “shorter delivery times, price cuts, and falling used EV prices point to a ‘'reset chapter’ for EVs."
As the global EV leader, Tesla's aggressive moves on pricing "applies significant fundamental pressure on its peers," the analyst noted, adding that it was an open question whether competitors will be able to keep up.
In such circumstances, Jonas recommended that investors “reduce their across the EV space.”
John Murphy, a top 15% analyst from Bank of America reinstates LCID with a strong buy rating and announces their LCID price target of $21.00, on Dec 15, 2022.
Chris McNally, a bottom 16% analyst from Evercore ISI Group initiates coverage on LCID with a hold rating and announces their LCID price target of $12.00, on Nov 30, 2022.
Andres Sheppard, a bottom 4% analyst from Cantor Fitzgerald initiates coverage on LCID with a strong buy rating and announces their LCID price target of $23.00, on Sep 27, 2022.
Itay Michaeli, a bottom 11% analyst from Citigroup reinstates LCID with a strong buy rating and announces their LCID price target of $28.00, on Sep 15, 2022.
You can dive deeper into what analysts are projecting on the Lucid Group stock forecast page.
LCID Technical Indicators
Is LCID Making Money?
Last year, LCID revenue was $376.86M. In the past one years, LCID's revenue has gone up by 8,557.48% per year. This was faster than the Auto Manufacturers industry average of 1,814.15%.
Learn more about LCID's earnings and revenue performance here.
Latest Insiders Trades at LCID
Over the last 12 months, executives and large shareholders at LCID have bought more shares than they have sold.
Peter Dore Rawlinson, CEO Chief Technology Officer of LCID, was the latest LCID insider to buy. They bought $321,740.90 worth of LCID shares on Dec 29, 2022.
Dig into more about who owns LCID stock here.
Can I rely on LCID as an income stream?
No, Lucid Group doesn't provide an income stream by paying out dividends.
What others are saying about LCID
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Execute your LCID trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly the easiest way to buy. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount limit, use a limit order.
Hit the Open Trade button and eToro will execute the order.
If you need additional info about investing in stocks on eToro, click the helpful video below:
Step 6: Get updates on your LCID investment
Now that you own some shares in LCID, you'll want to stay up-to-date on your stock purchase.
Make a watchlist to see the latest developments about your LCID stock.
LCID Feed
How to Buy Stock in Lucid Group
To reiterate, here are the 6 steps to buy stock in Lucid Group:
- 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 need a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to track your investment in Lucid Group, hit the button below to create your watchlist.
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