Lucid stock has seen significant growth, with its share price increasing by over 100% in the past year.
Lucid Motors, the company behind the stock, is an electric vehicle manufacturer that has been making waves in the industry.
The company's flagship car, the Lucid Air, has received widespread acclaim for its impressive range and performance.
Lucid Motors is listed on the NASDAQ stock exchange under the ticker symbol LCID.
Financial Analysis
Lucid Group's revenue in 2023 was a significant $595.27 million, marking a decrease of -2.12% compared to the previous year.
Losses were substantial, totaling -$2.83 billion, a 116.8% increase from 2022.
The company's market capitalization stands at $8,282,140 K, with shares outstanding at 3,011,687 K.
Here's a quick snapshot of Lucid Group's financials:
Lucid Group's price-to-sales ratio is a notable 8.69, indicating a relatively high valuation.
Fundamentals
Let's dive into the fundamentals of financial analysis. Market capitalization is a crucial metric, and in this case, it stands at $8,282,140 K. This gives us an idea of the company's size and value.
The number of shares outstanding is significant, with 3,011,687 shares currently in circulation. This can impact the company's stock price and overall valuation.
Annual sales are substantial, reaching $595,270 K. This revenue figure is essential in understanding the company's financial performance.
A negative annual income of $2,828 M suggests that the company is currently operating at a loss. This is a red flag that needs to be carefully examined.
The EBIT (Earnings Before Interest and Taxes) and EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) figures are also negative, at $-3,025 M and $-2,857 M respectively. These numbers highlight the company's financial struggles.
The 60-month beta of 0.94 indicates that the company's stock price has been relatively stable over the past five years. This could be a positive sign for investors.
Here's a summary of the key fundamental metrics:
Meets Production Target
Lucid Group achieved a notable milestone by meeting its production target. The company produced 9,029 units in 2024.
This accomplishment is a testament to Lucid's ability to scale up production efficiently. Their focus on meeting production targets is a crucial aspect of their business strategy.
Meeting production targets is essential for any company, especially in the automotive industry where supply chain management and manufacturing efficiency play a significant role.
Frequently Asked Questions
What is the prediction for lucid stock?
The predicted price for Lucid Group, Inc. stock ranges from $1.26 to $4.39, with an average one-year target of $2.93. Analysts consider this price to be fairly valued based on projected and historical earnings.
Who owns most of Lucid stock?
The largest shareholder of Lucid Group (LCID) is the PUBLIC INVESTMENT FUND. This significant ownership structure can impact the company's direction and decision-making processes.
What is a fair price for Lucid stock?
As of December 2024, the fair value of Lucid Group Inc (LCID) stock is approximately -4.93 USD, indicating a significant potential upside of -254.1% from the current market price of 3.2 USD. This estimate is based on the Peter Lynch Fair Value formula.
Is Lucid stock a buy or sell?
Lucid stock has a consensus rating of "hold" with a mixed analyst opinion, receiving 10 buy, 15 hold, and 9 sell ratings. Investors should consider multiple perspectives before making a decision.
Can I buy stock in Lucid Motors?
Yes, you can buy stock in Lucid Motors, but you'll need to sign up for Stash and open a personal portfolio to invest in fractional shares.
Featured Images: pexels.com
