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

Blink Charging Co. (NASDAQ:BLNK) is seeing a rise in its stock price following the announcement that its subsidiary, Envoy Technologies, will incorporate Lucid Air EVs from Lucid Group (NASDAQ:LCID) into its car-sharing programs at luxury properties in California. This move is part of Blink's strategy to expand its EV charging and sharing services. Blink has also surpassed 100,000 EV chargers sold, deployed, or contracted worldwide.

Portfolio Pulse from Nabaparna Bhattacharya

October 04, 2024 | 3:44 pm

Envoy Technologies, a Blink Charging entity, has introduced Lucid Air EVs into its car share programs, expanding the availability of Lucid Air Tourings for car sharing.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 8:27 pm

US stocks are expected to open weak as traders await the key jobs report. Oil prices are rising amid Middle East tensions, supporting energy stocks. Nvidia is trading higher, while electric vehicle stocks, including Tesla, are declining. Levi Strauss fell 11% after earnings, and Plug Power dropped following a negative analyst action.

Portfolio Pulse from Shanthi Rexaline

October 03, 2024 | 11:10 am

The article highlights significant options activity for several consumer discretionary stocks, indicating potential trading opportunities. Notable movements include bearish sentiment for TSLA and GOTU, bullish sentiment for BABA, PDD, and WOOF, and mixed sentiments for others.

Portfolio Pulse from Benzinga Insights

October 02, 2024 | 5:35 pm

The U.S. Treasury has issued $2 billion in advance electric vehicle tax rebates since January 1, benefiting approximately 300,000 vehicles. This initiative is part of the government's effort to promote electric vehicle adoption.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 5:19 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

September 30, 2024 | 2:01 pm

The EV sector saw significant movements this week, with Tesla leading the charge due to strong sales in China and upcoming catalysts. Rivian faced a downgrade from Morgan Stanley, while Canoo expanded to the UK amidst internal challenges. Nio began deliveries of its new low-end EV, and GM announced a partnership for fast-charging batteries. The KraneShares Electric Vehicles and Future Mobility Index ETF saw a notable rise.

Portfolio Pulse from Shanthi Rexaline

September 28, 2024 | 2:35 pm

Tesla and Chinese EV startups are leading in the software race for electric vehicles, outpacing traditional automakers like Toyota and Volkswagen. Despite challenges such as U.S. sanctions and a domestic price war, Chinese EV companies remain competitive. Tesla's stock has seen a slight increase over the past year.

Portfolio Pulse from Anusuya Lahiri

September 23, 2024 | 4:23 pm

Lucid Group Inc (NASDAQ:LCID) has been evaluated by 12 analysts over the past three months, with a mix of neutral and somewhat bearish ratings. The average 12-month price target is $3.75, slightly up from the previous $3.73. Despite impressive revenue growth, Lucid faces challenges with profitability and returns on equity and assets.

Portfolio Pulse from Benzinga Insights

September 23, 2024 | 4:01 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

September 23, 2024 | 3:18 pm

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