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 is conducting a public offering of 262.4 million shares of common stock. Additionally, an affiliate of the Public Investment Fund (PIF) will invest in 374.7 million shares through a private placement, aiming to maintain a 58.8% ownership stake.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:37 pm

Lucid Group has filed for the issuance of various securities, including common stock, preferred stock, debt securities, warrants, and purchase units, on a continuous or delayed basis.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:30 pm

Four Seasons Hotels and Resorts is partnering with Lucid Motors to offer sustainable driving experiences to guests. The program will start this fall at select U.S. locations, with plans to expand to other regions.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 1:04 pm

The EV sector faced a challenging week with most stocks declining. Tesla's 'We, Robot' event disappointed investors, leading to a 9% stock drop. Lucid exceeded Q3 delivery estimates, while GM revised its battery strategy. XPeng launched a new AI-defined sedan.

Portfolio Pulse from Shanthi Rexaline

October 12, 2024 | 7:45 pm

Lucid Motors has chosen Everspin Technologies' PERSYST MRAM for its Gravity Electric SUV, enhancing data reliability and system performance. This integration highlights the importance of Everspin's MRAM in high-performance EV models.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:11 pm

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

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 2:48 pm

Baird analyst Ben Kallo has maintained a Neutral rating on Lucid Group (NASDAQ:LCID) with a price target of $3.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 4:27 pm

Lucid Group, Inc. (NASDAQ:LCID) reported its Q3 EV production and delivery numbers, showing a decrease in production but an increase in deliveries compared to Q2. The company plans to release its Q3 earnings on Nov. 7. Analysts expect a loss of 30 cents per share and revenue of $182.233 million. Lucid also showcased its upcoming Lucid Gravity SUV, set to start production later this year. Despite a 19.52% YTD decline, analysts' average price target suggests potential upside for LCID stock.

Portfolio Pulse from Erica Kollmann

October 07, 2024 | 2:47 pm

Lucid Group reported its Q3 production and delivery numbers, producing 1,805 vehicles and delivering 2,781 vehicles. This indicates a higher delivery rate compared to production, which could impact inventory levels and future production strategies.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 1:01 pm

The EV sector experienced a mixed week with Tesla's Q3 deliveries slightly beating estimates but causing a stock dip, Rivian missing sales forecasts and seeking a DOE loan, and Nikola exceeding delivery expectations. GM saw a rise in EV sales, while Ford's growth was modest. Nio plans expansion in the MENA region.

Portfolio Pulse from Shanthi Rexaline

October 05, 2024 | 5:13 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.