Lucid Group Inc. (NASDAQ:LCID) is a prominent player in the electric vehicle (EV) market, known for its luxury electric cars. The company competes with other EV manufacturers like Tesla and Rivian. Recently, Cantor Fitzgerald updated its rating for Lucid to Neutral, maintaining a hold action, with the stock priced at $2.26.
Lucid's stock has faced challenges, particularly after its fourth-quarter financial results and the CEO's departure. Despite these setbacks, analysts like Cantor Fitzgerald's Andrew Sheppard maintain a Neutral rating with a $3 price target. Needham's Chris Pierce also reiterates a Hold rating, though without a specific price target.
Lucid's production guidance for 2025 is set at 20,000 units, aligning with market expectations. The company has achieved better-than-expected gross margins, but challenges remain. Management reassures investors of sufficient liquidity extending into the second half of 2026, providing some financial stability.
A significant development for Lucid is the introduction of the Gravity SUV, a seven-seater that has begun deliveries. This vehicle is expected to expand Lucid's market reach. Additionally, Lucid is working on a midsize vehicle priced under $50,000, which could be a future catalyst for increased production and demand.
Currently, Lucid's stock is priced at $2.26, reflecting a 13.60% decrease. The stock has fluctuated between $2.25 and $2.48 today, with a market capitalization of approximately $6.79 billion. Over the past year, the stock has seen a high of $4.43 and a low of $1.93, with a trading volume of 158.86 million shares.
