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. showcased its new Gravity electric SUV and teased an upcoming affordable crossover EV at its Technology & Manufacturing Day. The Gravity SUV will feature a NACS charging connector in 2025 and is set to begin production later this year. Lucid also plans to produce a midsize crossover EV by late 2026, priced under $50,000. Despite these announcements, Lucid shares have declined 10% over the past five days.

Portfolio Pulse from Erica Kollmann

September 10, 2024 | 4:41 pm

Lucid Group, Inc. showcased its upcoming Lucid Gravity SUV and highlighted the cost-effectiveness of its technologies at its Technology & Manufacturing Day. The company has already delivered more cars in 2024 than in all of 2023.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 1:23 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 09, 2024 | 2:40 pm

Lucid Motors has launched the UX 2.4 software update for its Lucid Air vehicles, enhancing its DreamDrive™ Pro ADAS with new features like Lane Change Assist and 3D lane visualization. The update also introduces a new voice control system and other enhancements.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 1:08 pm

Lucid Group, Inc. will host a Technology & Manufacturing Day on September 10, showcasing the Lucid Gravity SUV and its technologies, with a focus on manufacturing cost-effectiveness.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 1:11 pm

Lucid Group Inc (NASDAQ:LCID) shares fell by 6.22% due to a broad market selloff, investor anxiety, and economic concerns. The Invesco QQQ Trust (NASDAQ:QQQ) also dropped 2.5%, impacting tech and growth stocks like Lucid. Economic weakness and manufacturing data contraction are contributing to investor worries.

Portfolio Pulse from Henry Khederian

September 03, 2024 | 7:47 pm

Lucid Group Inc (NASDAQ:LCID) has received mixed analyst ratings over the past three months, with most analysts maintaining a neutral stance. The average 12-month price target has slightly increased to $3.78. Despite a 32.95% revenue growth, Lucid faces challenges with profitability and returns, as indicated by its negative net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 7:00 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 03, 2024 | 4:55 pm

The EV sector saw mixed results this week with Tesla extending its zero-interest financing in China, Rivian facing a fire incident, and XPeng surging due to strong demand for its new model. Lucid is working on affordable EVs, and BYD plans to expand internationally.

Portfolio Pulse from Shanthi Rexaline

August 31, 2024 | 1:33 pm

Benzinga highlights bullish and bearish stock stories, including Tesla's EV incentives in Colorado, Lucid's armored vehicle, and Super Micro's stock drop due to governance issues. Meta faced pressure from the Biden administration to censor COVID-19 content.

Portfolio Pulse from Michael Cohen

August 31, 2024 | 1:04 pm

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