Tesla Rival Lucid Motors Prepares For Q2 Earnings: Is LCID Poised For A Rebound?
Portfolio Pulse from Surbhi Jain
Lucid Group Inc. (NASDAQ:LCID) is set to announce its Q2 earnings, with Wall Street expecting a negative 26 cents in EPS and $182.52 million in revenue. Despite a 53% drop in stock price over the past year, recent developments like the rollout of the Gravity SUV have sparked some optimism. However, technical indicators remain bearish, with the stock below key moving averages and a declining RSI. The earnings report could be pivotal, potentially reversing the bearish trend if results exceed expectations.
August 05, 2024 | 2:42 pm
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Lucid Group Inc. is preparing to announce its Q2 earnings, with expectations of a negative 26 cents in EPS and $182.52 million in revenue. The stock has been down 53% over the past year but has shown a 3.2% gain in the past month. Technical indicators are bearish, but the upcoming earnings report could be a turning point if results exceed expectations.
Lucid's stock has been underperforming, but recent developments like the Gravity SUV rollout have provided some optimism. The technical indicators are bearish, but the earnings report could change the sentiment if it exceeds expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100