Why Lucid Stock Is Stuck in Reverse Today [Yahoo! Finance]
Lucid Group, Inc. (LCID)
Company Research
Source: Yahoo! Finance
Instead, investors are sending the electric vehicle (EV) manufacturer's stock lower in response to an analyst's lackluster take on it. As of 11:28 a.m. ET, shares of Lucid are down 5.5%. Gravity risks might prevent Lucid stock from flying higher Resuming coverage on Lucid stock, Citigroup has assigned a neutral rating and a $2.90 price target. According to thefly.com, Citigroup analyst Itay Michaeli is impressed with the company's new luxury SUV, the Gravity, but sees notable risk with the company's attempt to stay on schedule and begin production of the vehicle in late 2024. Citigroup's perspective on Lucid stock is considerably less auspicious than what it had been last summer. In August, Michaeli had assigned it a $7.50 price target. After the Air, the Gravity will be the second model that Lucid offers customers. The company also plans on starting production of a midsize vehicle in 2026. Should EV investors power their portfolios with Lucid stock? Lucid investors have
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News
- Lucid (LCID) to Report Q1 Earnings: Here's What to Expect [Yahoo! Finance]Yahoo! Finance
- Where Will Lucid Motors Stock Be in 5 Years? [Yahoo! Finance]Yahoo! Finance
- Lucid Q1 Preview: Business Model Doesn't Look Sustainable [Seeking Alpha]Seeking Alpha
- Should You Buy Lucid Stock Before May 6? [Yahoo! Finance]Yahoo! Finance
- Is Lucid a Chinese Company? [Yahoo! Finance]Yahoo! Finance
LCID
Earnings
- 2/21/24 - Miss
LCID
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- 4/25/24 - Form DEFA14A
- LCID's page on the SEC website