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.
You need an online brokerage account in order to access the NASDAQ market and buy LCID stock.
Based on our experience, eToro is the best online stock brokerage. Here's why:
Get $10 towards your purchase of stock by creating an account with eToro today.Open eToro Account
Now that you've chosen your brokerage, the next step is to fill out some personal info so you can buy LCID today.
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.
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.
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.
Analysts use many financial metrics, analyses, models, and charts to gauge LCID's true value.
Using relative valuations methods:
You can do additional valuation research on LCID's stock here.
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.
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.
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.
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.
No, Lucid Group doesn't provide an income stream by paying out dividends.
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.
You have two main types of orders:
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:
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.
To reiterate, here are the 6 steps to buy stock in Lucid Group:
If you need a place to buy stocks, eToro is our favorite option.Get Started with eToro Today
If you would like to track your investment in Lucid Group, hit the button below to create your watchlist.
How much does it cost to buy one Lucid Group share?
Is now a good time to buy Lucid Group stock?
What is the best way to buy Lucid Group stock?