Typically, stocks expected to grow sales significantly in the year to come are priced at a premium. And to be sure, Lucid Group (LCID 5.92%) shares aren't necessarily cheap at 7.3 times sales.
Lucid Group (LCID 1.75%) is a premium electric vehicle (EV) manufacturer that has captured attention with its innovative automotive offerings. The company has made noteworthy advancements in EV technology, especially with the Lucid Air and the upcoming Lucid Gravity SUV.
Lucid Group, Inc. NASDAQ: LCID, a luxury electric vehicle (EV) manufacturer, has seen dramatic stock price fluctuations in recent months. After a prolonged period of volatility and decline, Lucid's stock started showing signs of a possible recovery before a sharp drop around Valentine's Day 2025.
Lucid Group (LCID -3.07%) is one of many electric vehicle (EV) start-ups trying to catch the lightning in a bottle that was Tesla. Given the increase in competition in the vehicle niche, investors have figured out that this is probably an unrealistic goal.
Although its 2021 initial public offering (IPO) attracted plenty of attention, Lucid Motors has seen consistent struggles with profitability and production thus far.
Lucid Group (LCID 9.26%) debuted on the Nasdaq stock exchange with much fanfare on July 26, 2021 after merging with a special purpose acquisition company (SPAC). The electric-vehicle (EV) stock jumped by double-digit percentages on the day of listing and hit an all-time high of $57.75 on Nov. 15, 2021.
Lucid (LCID 12.96%) got an upgrade today, and the stock is soaring. However, overall, shares of the luxury electric vehicle (EV) maker aren't having a good start to the year.
Despite the hype from the initial public offering (IPO) era and the backing of one of the richest entities in the world, the Saudi Arabian Public Investment Fund (PIF), Lucid (NASDAQ: LCID), hasn't exactly been eponymous with strong stock market performance.
Change afoot at Lucid might be a chance to play a bigger role in EVs and AI.
Lucid Group (LCID 1.91%) stock experienced a hard correction in late February. In the middle of the month, shares traded as high as $3.50.
Lucid (LCID 2.96%) forecasts that its vehicle deliveries will roughly double in 2025 as it ramps up production of its new SUV.
It's difficult to buy great growth stocks at a discount. That's especially true when the market already expects rapid growth to occur in the near future.