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Lucid stock1/12/2023 ![]() It sells vehicles directly to consumers through its retail sales network and through direct online sales. 1 day ago &0183 &32 Lucid has removed uncertainty for the stock with its Q3’22 production update which resulted in a 3.5 increase in the stock price on Wednesday. ![]() The Lucid Air is manufactured at its greenfield electric vehicle manufacturing facility in Casa Grande, Arizona, Advanced Manufacturing Plant-1. ![]() The Lucid Air is a fully electric sedan that targets post-luxury consumers. Webull offers kinds of Lucid Group Inc stock information, including NASDAQ:LCID real-time market quotes, financial reports, professional analyst ratings. The Company's focus on in-house technological innovation, vertical integration, and a clean-sheet approach to engineering and design has led to the development of its groundbreaking electric vehicle, the Lucid Air. It also boasts a product roadmap of future vehicle programs and technologies. The Company offers at its own geographically distributed retail and service locations and through direct-to-consumer online and retail sales. is an automotive company, which is focused on designing, developing, manufacturing and selling of electric vehicle (EV), EV powertrains and battery systems in-house using its own equipment and factory. The dip in shares could provide a good time for some investors to put an appropriate amount of speculative funds into it.Lucid Group, Inc. Currently, Lucid has a market cap of around 32.7 billion, which gives us 2025 price-to-sales and price-to-EBITDA multiples of around 2.3x and 19.2x, respectively. If we multiply that price-to-sales ratio by 45 billion, we get a market capitalization of 1.2 trillion. But investors in Lucid should know to look at it as a very long-term, speculative venture. With a market cap of 35 billion, Lucid currently trades at 27 times this year's sales. So meeting the conservative projection isn't overly great news in the big scheme of things. It also didn't help that the company had already reduced its production goal for the year twice. Investors are looking at the bigger economic picture when considering Lucid as an investment right now. Considering the rate of inflation in the last year, that data implies that actual spending declined last month. The Lucid story is exciting, and you might think it is time to buy the dip with the stock down around 50 just this year. The monthly report was flat year over year when economists expected a slight increase of 0.2%. Today, retail sales in September - the monthly estimate of all consumer spending - were below expectations. The company produces high-end luxury electric sedans, and potential buyers seeing their investment assets decline may not want to spend up to $100,000 or more for a new car. An economic downturn isn't the environment Lucid wants as it works to ramp up its production and sales. 11:19AM, Upgrade to FINVIZElite to get real-time quotes, intraday charts, and advanced. On average, analysts estimate LCID to trade at 42.75, representing a 4.45 increase in value over the stock’s current trading price of 40.93. Yesterday, the Labor Department reported the Consumer Price Index (CPI) jumped 8.2% year over year for the month of September, stoking fears of ever higher inflation and a potential recession. Despite Lucid trailing the market, four Wall Street analysts have set a high price objective of 60 for Lucid’s stock for the next 12 months and a low price goal of 16 for the firm in the same period.
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