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

2.06

Mkt cap

6.1B

Volume

99M

High

2.06

P/E Ratio

-1.51

52-wk high

5.31

Low

1.93

Div yield

N/A

52-wk low

1.93

Lucid Group, Inc. (NASDAQ:LCID) shares are trading slightly higher today. The company has entered a non-binding supply agreement with Graphite One Inc. (OTC:GPHOF) for advanced graphite materials, aiming to establish a domestic U.S. supply chain. Lucid's stock has lost over 52% in the past year. Investors can gain exposure to Lucid via IShares Self-Driving EV And Tech ETFs (NYSE:IDRV, NASDAQ:RNEW).

Portfolio Pulse from Nabaparna Bhattacharya

July 25, 2024 | 1:39 pm

Graphite One has entered a non-binding supply agreement with Lucid Group to provide 5,000 tpa of synthetic graphite once production begins. The agreement is for an initial term of 5 years, with sales based on a price formula linked to future market pricing.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:08 am

Tesla Inc (NASDAQ:TSLA) reported disappointing Q2 results, missing earnings expectations and causing an 8% drop in premarket trading. This decline also affected shares of Rivian Automotive Inc (NASDAQ:RIVN), Lucid Group Inc (NASDAQ:LCID), Nio Inc (NYSE:NIO), and XPeng Inc (NYSE:XPEV). Tesla's automotive revenue dropped 7% YoY, and adjusted income plummeted 43% YoY. Despite remaining the top EV seller in the U.S., Tesla is losing market share to rivals. CEO Elon Musk announced plans for an affordable EV by 2025 and delayed the robotaxi details release to October 10th.

Portfolio Pulse from Upwallstreet

July 24, 2024 | 3:17 pm

Lucid Group Inc (NASDAQ:LCID) shares are trading lower by 4.46% to $3.32, likely in sympathy with Tesla Inc's mixed second-quarter earnings. Tesla's lower-than-expected earnings and forecast for slower growth have created negative sentiment around the EV sector, impacting Lucid's stock. Tesla's focus on cash reserves may also raise concerns about Lucid's liquidity in a competitive market.

Portfolio Pulse from Henry Khederian

July 24, 2024 | 2:49 pm

Shares of EV stocks are trading lower in sympathy with Tesla, which fell after reporting mixed Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:38 pm

The article highlights unusual options activity for 10 consumer discretionary stocks, providing insights into potential trading opportunities. The stocks mentioned include AMZN, LCID, TSLA, F, JMIA, JD, PHM, MBLY, FTDR, and CMG, with varying bullish and bearish sentiments.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 5:35 pm

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Underweight rating on Lucid Group (NASDAQ:LCID) and maintained a $4 price target.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 5:38 pm

Significant bearish options activity has been observed in Lucid Group (NASDAQ:LCID), with a majority of the trades being puts. This suggests that large investors may have foreknowledge of upcoming events. The stock is currently down by 6.88% and has been downgraded by analysts.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 4:46 pm

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Underweight rating on Lucid Group (NASDAQ:LCID) and maintained a $4 price target.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 3:35 pm

Lucid Group, Inc. (NASDAQ:LCID) shares are trading slightly higher after the company announced updates for the 2025 model year, including enhancements to the Lucid Air Pure, new-generation control hardware, and advanced in-car entertainment systems. Despite the positive news, the stock faces headwinds from a recent Underweight rating by Cantor Fitzgerald and political uncertainties.

Portfolio Pulse from Erica Kollmann

July 16, 2024 | 2:40 pm

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