Lucid Group, Inc. – Consensus ‘buy’ rating and 8.9% Upside Potential

Broker Ratings
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Lucid Group, Inc. with ticker code (LCID) now have 9 analysts in total covering the stock. The consensus rating is pointing to ‘buy’. The range between the high target price and low target price is between 10 and 5 and has a mean target at $8.33. Given that the stocks previous close was at $7.65 this is indicating there is a potential upside of 8.9%. It’s also worth noting that there is a 50 day moving average of $7.61 while the 200 day moving average is $10.72. The company has a market cap of 13.85B. The stock price for Iron Mountain Incorporated is 7.55 USD

The potential market cap would be $15,079,572,799 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of -, revenue per share of 0.41 and a -23.41% return on assets.

Lucid Group, Inc. is a technology and automotive company. The Company is focused on designing, developing, manufacturing, and selling of electric vehicles (EV), EV powertrains and battery systems using its own equipment and factories. It offers its own geographically distributed retail and service locations and through direct-to-consumer online and retail sales. It also boasts a product roadmap of future vehicle programs and technologies. It focuses on in-house technology innovation, vertical integration, and a clean-sheet approach to engineering and design have led to the development of Lucid Air. The Lucid Air is an electric sedan that redefines both the luxury car segment and the electric vehicle space. Lucid Air is manufactured at its greenfield electric vehicle manufacturing facility in Casa Grande, Arizona, Advanced Manufacturing Plant-1. It also owns and operates a vehicle service network comprised of service centers in metropolitan areas and a fleet of mobile service vehicles.

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