LCID Stock Summary and Trading Ideas (Lucid Group | NASDAQ:LCID)

Lucid Group Inc is a technology and automotive company. It develops the next generation of electric vehicle (EV) technologies. It is a vertically integrated company that designs, engineers, and builds electric vehicles, EV powertrains, and battery systems in-house using our own equipment and factory.

Lucid Group trades on the NASDAQ stock market under the symbol LCID.

As of April 19, 2024, LCID stock price climbed to $2.45 with 13,878,615 million shares trading.

LCID has a beta of 2.47, meaning it tends to be more sensitive to market movements. LCID has a correlation of 0.14 to the broad based SPY ETF.

LCID has a market cap of $5.61 billion. This is considered a Mid Cap stock.

Last quarter Lucid Group reported $157 million in Revenue and -$.29 earnings per share. This fell short of revenue expectation by $-21 million and met earnings estimates .

The top ETF exchange traded funds that LCID belongs to (by Net Assets): VTI, VB, VBK, VXF, LIT.

LCID has underperformed the market in the last year with a price return of -68.7% while the SPY ETF gained +21.2%. LCID has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.5% and -7.5%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

LCID support price is $2.33 and resistance is $2.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LCID stock will trade within this expected range on the day.