NEWARK, CA – Shares of luxury electric vehicle maker Lucid Group, Inc. (NASDAQ: LCID) are trading higher today, gaining over 1.2% in a session marked by heavy trading volume. While the daily gain is welcome news for shareholders, the more compelling story lies in the underlying data, which points to significant analyst confidence and lower-than-market volatility.
As of 12:54 PM EDT, LCID stock was trading at $2.0550, up 1.23% for the day. This positive movement is supported by immense investor interest, with over 83 million shares changing hands by midday.
The key bullish indicator for long-term investors is the 1-year analyst target estimate of $2.53. This consensus forecast suggests a potential upside of more than 23% from the current trading price. This indicates that despite the challenges in the competitive EV market, Wall Street analysts see a clear path for Lucid’s stock to appreciate over the next year.
Adding to its appeal is Lucid’s 5-year monthly beta of 0.82. A beta below 1.0 signifies that the stock is historically less volatile than the broader market. For an emerging player in the often-turbulent EV sector, this relative stability can be a highly attractive quality for investors looking for growth without extreme price swings.
While the company is still in its pre-profitability growth phase, common for disruptive technology companies, it maintains a substantial intraday market capitalization of over $6.25 billion. The current stock price, trading near its 52-week low, combined with the optimistic analyst targets, may be viewed by some investors as an attractive entry point into a premium EV brand with recognized technology and design leadership.
Frequently Asked Questions (FAQ) about Lucid Group (LCID) Stock
Here are answers to common questions based on the provided market data.
1. What is the current stock price for Lucid Group?
As of 12:54:01 PM EDT, the stock price for Lucid Group, Inc. (LCID) was $2.0550.
2. What is the stock ticker for Lucid Group?
The ticker symbol is LCID, and it trades on the Nasdaq stock exchange.
3. How much did LCID stock change today?
The stock increased by $0.0250, which is a gain of 1.2315%.
4. What is the 1-year analyst price target for LCID?
The 1-year target estimate for the stock is $2.53.
5. How much potential upside does the analyst target suggest?
Based on the current price, the analyst target of $2.53 suggests a potential upside of over 23%.
6. What is the stock’s beta?
The 5-year monthly beta for LCID is 0.82.
7. What does a beta of 0.82 mean?
It indicates that the stock is historically less volatile than the overall stock market, which can be a desirable trait for some investors.
8. Is Lucid Group currently profitable?
No. According to the data, the company has a negative Earnings Per Share (EPS TTM) of -$1.1900, which is typical for a company in its high-growth stage.
9. Does Lucid pay a dividend?
No, the data indicates that LCID does not currently pay a dividend as it reinvests its capital to fund growth and expansion.
10. What is the 52-week price range for LCID?
The 52-week range is from a low of $1.9300 to a high of $4.4300.
11. What is the market capitalization of Lucid Group?
The intraday market cap is approximately $6.254 billion.
12. What was the trading volume for LCID so far today?
As of the time of the screenshot, the trading volume was 83,292,951 shares.
13. How does this compare to the average daily volume?
The average daily volume is 129,328,821 shares, so today’s volume is quite high.
