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Lucid Group (LCID) stock forecast for 2024
Updated: April 23, 2024 (15:22)
Sector: Consumer cyclicalThe share price of Lucid Group, Inc. (LCID) now
50/200 Day Moving Average: $2.944 / $4.522
This figure corresponds to the Average Price over the previous 50/200 days. For Lucid Group stocks, the 50-day moving average is the resistance level today.
For Lucid Group stocks, the 200-day moving average is the resistance level today.
Are you interested in Lucid Group, Inc. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Lucid Group stock price in 2024. How much will one Lucid Group share be worth in 2024? Is it worth taking profit / loss on LCID stock now or waiting? What are analysts' forecasts for Lucid Group stock?
We forecast Lucid Group stock performance using neural networks based on historical data on LCID stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.
Lucid Group, Inc. stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for Lucid Group analysts is $3.26. Today 200 Day Moving Average is the resistance level (4.522 $). 50 Day Moving Average is the resistance level (2.944 $).
Historical and forecast chart of Lucid Group, Inc. stock
The chart below shows the historical price of Lucid Group stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the LCID stock price can be found in the table below.
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LCID Stock Forecast 2024: Navigating the Uncertainties of Lucid’s Future
Forecasting the future of LCID stocks, especially for the year 2024, involves navigating a complex landscape filled with both optimism and caution. Lucid Motors, a luxury electric car manufacturer based in California, has presented a mixed bag in terms of financial health and market potential. Given that Saudi Arabia’s sovereign wealth fund owns a sizable portion of Lucid, Lucid’s strategic decisions and product launches will be essential in determining whether LCID stock is a good buy or a sell in the upcoming year.
Key Drivers Influencing LCID Stock Predictions
Several factors will likely influence the LCID stock price prediction for 2024. The luxury electric vehicle (EV) market is expanding rapidly, but Lucid Motors faces challenges with production scalability and cash burn. Lucid’s operating loss continues to widen even as revenues grow, raising questions about the sustainability of its business model. Moreover, Lucid has consistently fallen short of its pre-IPO delivery commitments, lagging behind the overall U.S. EV market’s growth trajectory.
However, there are reasons to remain optimistic. The support from the Public Investment Fund and the anticipation surrounding the launch of their new SUV model, the Lucid Gravity, may serve as catalysts for positive change.
Predicting LCID stock rates accurately for 2024 thus becomes a complex exercise, contingent upon how Lucid addresses its current challenges and capitalizes on market opportunities. The ongoing support from significant stakeholders, coupled with the company’s ability to improve production rates and profitability, will be decisive factors in whether LCID stock is perceived as a valuable investment or a risky venture. As the EV market continues to evolve, investors and analysts alike will closely watch Lucid Motors’ performance indicators to make more informed predictions about its future stock trajectory.
Lucid Group (LCID) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| May | 2.67 | 2.58 | 2.90 | 10.96 % |
| Jun | 2.97 | 2.83 | 3.15 | 10.15 % |
| Jul | 2.85 | 2.60 | 3.04 | 14.32 % |
| Aug | 2.66 | 2.52 | 2.89 | 12.87 % |
| Sep | 2.80 | 2.63 | 3.08 | 14.77 % |
| Oct | 3.16 | 3.07 | 3.50 | 12.26 % |
| Nov | 3.38 | 3.13 | 3.65 | 14.35 % |
| Dec | 3.46 | 3.12 | 3.64 | 14.26 % |
Lucid Group information and performance
640 FIFTH AVENUE, 12TH FLOOR, NEW YORK, NY, US
Market capitalization of the Lucid Group, Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of LCID shares in the company outstanding by the market price of one share.
EBITDA of Lucid Group is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Lucid Group price target for 2024 by month
Target values for the price of one Lucid Group share for May 2024.
In May, the Positive dynamics for Lucid Group, Inc. shares will prevail with possible monthly volatility of 10.963% volatility is expected.
Pessimistic target level: 2.58
Optimistic target level: 2.90
Target values for the price of one Lucid Group share for Jun 2024.
In Jun, the Positive dynamics for Lucid Group, Inc. shares will prevail with possible monthly volatility of 10.155% volatility is expected.
Pessimistic target level: 2.83
Optimistic target level: 3.15
Target values for the price of one Lucid Group share for Jul 2024.
In Jul, the Negative dynamics for Lucid Group, Inc. shares will prevail with possible monthly volatility of 14.318% volatility is expected.
Pessimistic target level: 2.60
Optimistic target level: 3.04
Target values for the price of one Lucid Group share for Aug 2024.
In Aug, the Negative dynamics for Lucid Group, Inc. shares will prevail with possible monthly volatility of 12.865% volatility is expected.
Pessimistic target level: 2.52
Optimistic target level: 2.89
Target values for the price of one Lucid Group share for Sep 2024.
In Sep, the Positive dynamics for Lucid Group, Inc. shares will prevail with possible monthly volatility of 14.772% volatility is expected.
Pessimistic target level: 2.63
Optimistic target level: 3.08
Target values for the price of one Lucid Group share for Oct 2024.
In Oct, the Positive dynamics for Lucid Group, Inc. shares will prevail with possible monthly volatility of 12.258% volatility is expected.
Pessimistic target level: 3.07
Optimistic target level: 3.50
Target values for the price of one Lucid Group share for Nov 2024.
In Nov, the Positive dynamics for Lucid Group, Inc. shares will prevail with possible monthly volatility of 14.354% volatility is expected.
Pessimistic target level: 3.13
Optimistic target level: 3.65
Target values for the price of one Lucid Group share for Dec 2024.
In Dec, the Positive dynamics for Lucid Group, Inc. shares will prevail with possible monthly volatility of 14.261% volatility is expected.
Pessimistic target level: 3.12
Optimistic target level: 3.64
