Lucid stock Forecast: Technically, Lucid Stocks still look weak to fall further
Latest long-term Lucid stock forecast, prediction, and target: Lucid stock price will touch $8.55 by the end of 2022 and then $18.79 in 2023, $28.86 in 2024, $40.41 in 2025, $110.70 in 2030, $181.89 in 2033, $564.66 in 2040 and will be $2,284 in 2050.
Welcome you to this series of Stock forecasts, Predictions, and price targets for 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2040, 2050.
Today we will analyze the stocks with both analyses, i.e Technical & Fundamental analysis, and today’s stock is – Lucid Group, Inc.
Lucid Company’s some Information
Lucid Group, Inc. is An American manufacturer of electric vehicles with its main office in Newark, California, Company was established in 2007. Sam Weng and Bernard Tse founded the company.
The company’s initial focus was producing electric car batteries and powertrains for other automakers. However, the company formally intended to create a high-performance, all-electric luxury car in October 2016.
A totally electric automobile with the name “Lucid Air” was presented in December 2016.
On October 30, 2021, Lucid will deliver the first Lucid Air Dream Edition vehicles to consumers, with an expected EPA range of 520 miles (840 kilometers). Costs as of 2022 start at $ 87,400.
Initially, the business supplied a batch of restricted Lucid Air Dream Edition automobiles, of which only 520 were made and all were sold.
The Tesla Model S, the Karma Revero, the Porsche Taycan, as well as other companies in the luxury car market, such as Mercedes-Benz, BMW, and Audi, are just a few examples of the electric vehicle (EV) industry competitors that Lucid Group, Inc. must compete with.
Future Strategy, On April 27, 2022, the Saudi Arabian government stated that it would buy 50,000 to 100,000 electric cars from Lucid Motors over a ten-year period. Lucid Motors is establishing its first international manufacturing facility in Saudi Arabia, with a capacity to build 150,000 vehicles yearly.
Content Source: Wikipedia
Latest News Of Lucid Company
Lucid Groups Inc. announced two low-cost electrical vehicles of more than 1100HP and with over 500 miles of mileage on a single charging. In Q3 earning data company had not achieved its production target of the current year. In Q3, the Production of Evs was 2282 vehicles and delivered only 1398, which comes to 65% of production, very poor performance. Due to weak fundamental data, the price of Lucid stocks falls about 73% in the year 2022.
The company is very very far away from, making a profit on its balance sheet. But Lucid Groups Inc. has started growing Ev’s production and also its sales. The years 2023-2024 will be good years to grow and compete with its opponents like Tesla, Rivian, and NIO. The lucid company recently announced the new cheapest rear-wheel Electric car ” Air Pure” for 2023.
USA’s Electric Vehicles market is growing very fast, the sales of Evs are almost double in the year 2022 from the prev year and also the U.S. contributes a market share of 10% in the global market of EVs, growing global and domestic markets, will get benefit in the future to the LUCID company.
The Lucid Group LCID announced on Wednesday, December 21, 2022, that it has begun its shipping of Lucid Air electric vehicles to clients in Europe. Air model, a luxurious sedan, which comes in two versions is going to deliver across Europe, basically in Germany and Netherlands.
Lucid Inc. Fundamental Analysis
> Lucid Q2-June 2022 Earning.
> Lucid Group, Inc. Revenue was at $97.336 Million compared with $174K last year.
> Lucid Group, Inc. reported a decrease in Loss of -$220.425 Million, as compared with -$261.726 Million losses in last year, a 15.8% Loss decreased YOY
> Lucid Q3-September 2022 Earning.
> Lucid Group, Inc. Revenue was at $195.457 Million compared with $232K last year.
> Lucid Group, Inc. reported almost the same Loss of -$530.101 Million, as compared with -$524.403 Million losses last year, a 15.8% Loss decreased YOY
Lucid Stock Forecast and Price Prediction
Here you will find the Stocks Forecast, price prediction, and target for 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2040, 2050.
We here give you the stock forecast/prediction at hindiallkuchh.com with the help of analyzing the data by Fundamental data, technical analysis, Elliott wave analysis, and AI of Lucid LCID Stock‘s past price data, and also what Experts are saying about its future Stock Forecast.
Please remember that this forecast, prediction, or any target given is only a suggestion given by experts or analysis. The forecast/prediction that will be perfect is almost impossible. Errors always exist in any analysis, but we try our best to give good price stock forecasts/predictions.
Can the Lucid stock price fall to $4? Is Lucid Stock a good investment?
As recently come September 2022 Q3 earnings data, is not much encouragement for short-term investments, and a technical chart indicating also some short-term bearish signs. The lucid stock price can touch $4. If you get a price between @ $5-$4, it will be a good opportunity to invest for the long term.
We Expect a good demand and good fundamental data for future returns, Lucid Stock encourages suitable investments for very long-term investments. Be smart, as Every stock has risk involved, so do your own research before Investment.
LUCID Stock Today
LUCID LCID Intraday Live Chart
Lucid Stock Forecast
Last Update: December 22, 2022
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Lucid Stock Forecast FAQ
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