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's shares are trading higher by 2.27% to $7.00 despite no company-specific news. The stock is trading higher amid overall market volatility ahead of the Fed's decision. If the Fed raises interest rates, it could increase Lucid's borrowing costs, affecting its financial flexibility. Lucid is also ramping up production and expanding its product offerings, and higher interest rates could increase capital expenses.

Portfolio Pulse from Henry Khederian

July 26, 2023 | 4:06 pm

Lucid Group (LCID) has seen a significant option alert for December 2025 $10 calls, with 200 contracts traded at $2.88 each. This is against an open interest of 2430 contracts. The company is set to announce its earnings on August 7, after market close. The reference price is $7.23.

Portfolio Pulse from Charles Gross

July 26, 2023 | 2:16 pm

The article reports on the options activity of 10 consumer discretionary stocks, including Tesla (TSLA), Rivian (RIVN), Peloton (PTON), Carvana (CVNA), Lowe's (LOW), PulteGroup (PHM), Lucid Group (LCID), Camping World Holdings (CWH), General Motors (GM), and Caesars Entertainment (CZR). The options activity is tracked by Benzinga's options activity scanner, which monitors the transactions of entities with large sums of money, also known as 'whales'. The article provides detailed information on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each of the mentioned stocks.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 5:35 pm

Lucid Group Inc (NASDAQ:LCID) shares are trading higher by 4.14% to $26.32 despite a lack of company-specific news. The rise is attributed to the overall trend in EV stocks, which are recovering after falling last week due to Tesla's Q2 earnings results. However, if Tesla's disappointing gross margins lead to more cautious investor sentiment, it could result in a reevaluation of Lucid's stock price.

Portfolio Pulse from Henry Khederian

July 24, 2023 | 7:04 pm

US stocks are expected to start the week positively, driven by anticipation of tech earnings. The market has already factored in a 25 basis point hike from the Federal Reserve. Last week saw positive market performance from blue-chip and small-cap stocks, while tech stocks experienced turbulence due to earnings reports from Tesla and Netflix. The upcoming week is expected to be dictated by tech earnings, with Microsoft, Alphabet, and Meta Platforms being key. In premarket trading, the SPDR S&P 500 ETF Trust rose 0.24% and the Invesco QQQ ETF gained 0.29%.

Portfolio Pulse from Shanthi Rexaline

July 24, 2023 | 10:35 am

Lucid Group Inc's (LCID) shares fell by 0.94% to $6.86 during Friday's session, despite no company-specific news. The drop is attributed to a general decline in EV stocks following Tesla's Q2 earnings report. Tesla's gross margins were down from 25% YoY, which could lead to a reevaluation of Lucid's stock price based on more conservative projections.

Portfolio Pulse from Henry Khederian

July 21, 2023 | 5:15 pm

Lucid Group Inc's (LCID) shares are trading lower by 3.38% to $7.00, in sympathy with Tesla Inc's reported Q2 earnings results. Tesla's Q2 revenue rose 47% YoY to $24.93 billion, surpassing the consensus estimate of $24.48 billion. LCID has a 52-week high of $21.78 and a 52-week low of $5.46.

Portfolio Pulse from Henry Khederian

July 20, 2023 | 2:52 pm

Lucid Group, Inc. (NASDAQ:LCID) shares are trading more than 3% higher on Wednesday and have gained more than 12% over the last month. Bank of America Securities analyst John Murphy reinstated Lucid Group with a Neutral rating and announced a price target of $8 for LCID. Lucid Group will release its second quarter 2023 financial reports on Aug. 7.

Portfolio Pulse from Erica Kollmann

July 19, 2023 | 4:36 pm

B of A Securities analyst John Murphy has reinstated Lucid Gr (NASDAQ:LCID) with a Neutral rating and announced a price target of $8.

Portfolio Pulse from richadhand@benzinga.com

July 17, 2023 | 2:24 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.