Streetbeat News

LCID

Lucid Group, Inc.

https://www.lucidmotors.com

Industry

Auto - Manufacturers

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. As of December 31, 2021, it operates twenty retail studios in the United States. Lucid Group, Inc. was founded in 2007 and is headquartered in Newark, California.

Open

2.51

Mkt cap

7.8B

Volume

60M

High

2.59

P/E Ratio

-1.94

52-wk high

5.26

Low

2.45

Div yield

N/A

52-wk low

1.93

Lucid (LCID), a luxury EV producer, went public via a SPAC merger on July 26, 2021, with its stock opening at $25.24.

Portfolio Pulse from

December 14, 2024 | 9:00 am

Lucid's stock price increased by 4.5% during Thursday's trading session, with a peak rise of 7% earlier in the day.

Portfolio Pulse from

December 13, 2024 | 12:00 am

Lucid Diagnostics' EsoGuard® Esophageal DNA Test has shown high clinical utility with 85% patient compliance in a study accepted for publication. This marks the fourth peer-reviewed publication for the test, highlighting its effectiveness in cancer prevention diagnostics.

Portfolio Pulse from

December 11, 2024 | 1:15 pm

Lucid's stock price surged by 12.17% from $2.30 to $2.58 on December 9, marking a significant increase for the electric vehicle maker.

Portfolio Pulse from

December 10, 2024 | 3:45 pm

Lucid Group's stock saw a significant increase after the company started production of its second luxury electric vehicle.

Portfolio Pulse from

December 09, 2024 | 7:15 pm

Lucid's stock has dropped nearly 50% this year, with no signs of recovery. The company's revenue growth has stalled, and losses are increasing, indicating a challenging business environment.

Portfolio Pulse from

December 07, 2024 | 10:30 am

Lucid's stock is experiencing significant gains, with a 6.5% increase in share price during Friday's trading session.

Portfolio Pulse from

December 06, 2024 | 7:30 pm

Lucid Motors has completed its first Gravity SUV at its Arizona production facility. The company is now focused on increasing production and preparing for initial deliveries, though no specific delivery dates have been announced.

Portfolio Pulse from

December 05, 2024 | 9:45 pm

The article discusses the challenges faced by electric vehicle companies Rivian (RIVN) and Lucid (LCID), highlighting their cash burn and execution issues. Due to persistent losses and high valuations, neither stock is considered a smart buy at the moment.

Portfolio Pulse from

December 04, 2024 | 3:00 pm

The automotive sector, including Lucid (LCID), is facing challenges due to uncertain macroeconomic conditions and the potential reintroduction of tariffs, which adds to the sector's uncertainty.

Portfolio Pulse from

December 03, 2024 | 2:15 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.