LUCID Stock Forecast: LCID back above $20 in line with NASDAQ. The 12 Month Target is $47

LUCID Stock Forecast: LCID back above $20 in line with NASDAQ. The 12 Month Target is $47
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Lucid Stock Forecast: The Average Price Target for the next 12 months is $47 (Revised Higher).

The Outlook for the stock is Positive

Latest LCID Stock Price

LUCID Stock Forecast: Performance Analysis

LUCID has been underperforming NASDAQ since the middle of March when CEO Rawlinson sold $180 million worth of shares. It bounced a little after it was reported that Lucid will sell 100k EVs to the Saudi Government. However, the momentum continues to remain negative. LUCID rose yesterday after the Fed rate hike.

LUCID Stock Forecast: Competition Analysis

Stock Name
Last 1 Month
Last 6 Months
Price Target for 12 months
-14.6%
-51.5%
$47
-19.6%
-66.3%
$84
-19.3%
-57.1%
$33
-5.3%
-22.3%
$20

𝙗𝙬𝙖𝙩𝙩𝙨  on Twitter: “$LCID Nailed my target, again 🎯 Tomorrow’s the big day 👀 Here are two possibilities. We want to hold over $19.59 to get the next leg up. Red target area based on top being in with price still in an uptrend. Earnings miss and we go lower than that area. Likely sub $17. https://t.co/AxEaTqEBBj pic.twitter.com/5pNPHS17Zf / Twitter”

LCID Nailed my target, again 🎯 Tomorrow’s the big day 👀 Here are two possibilities. We want to hold over $19.59 to get the next leg up. Red target area based on top being in with price still in an uptrend. Earnings miss and we go lower than that area.

LUCID Stock Forecast: LUCID Target Price

Date
Target
Average Lucid Target
April 12th
$47
April
$45
April
$50
March
$45
Price Target data sourced from pricetarget.io

LCID STOCK (Lucid Motors) | Strong Rally For Earnings?

LUCID Stock Forecast: Technical Analysis

Lucid Stock Forecast: Outlook Today

Tracking Indicator
Trend
Price
Higher
Trading Volume
Lower
Performance vs Benchmarks (Last 30 days)
Better
Technical
Sell
Google Search
Higher

Read: Best EV stocks to buy in 2022

Lucid Motors Stock Prediction: Google Search Data

Search on Google for Lucid Stock is higher than last week

Lucid Stock Forecast: Mutual Funds with Lucid Holdings

Mutual Fund Name
Last 12 months’ return
LDEIX – Legal & General Global Developed Equity Index Fund Institutional Shares
NA
Vanguard Mid Cap Index Fund
8.8%

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Also Read: Rivian Stock Forecast

LCID Stock Forecast: Latest Lucid News and Tweets

Originally tweeted by Tickeron (@Tickeron) on May 4, 2022.

$LCID in Uptrend: price may ascend as a result of having broken its lower Bollinger Band on April 26, 2022. View odds for this and other indicators: https://srnk.us/go/3634908 #LucidGroup #stockmarket #stock

FR7X09KUcAA3pMF

Read: Tesla Stock Prediction: TSLA 

Read NAKD Stock Forecast

LCID Stock Forecast: Lucid Fourth Quarter Earnings

Lucid Fourth Quarter Earnings were announced on February 28, 2022.

  • Revenue from the fourth quarter is $26.4 million, which is very low compared to Wall Street analyst’s estimates of $36.7 million
  • The EPS was a loss of 64 cents, which is also a miss from the estimated loss of 26 cents.
  • The company cut out the production guidance for 2022. Earlier, they reported guidance of producing 20,000 vehicles. The new guidance is only for 12000–14000.
  • The only good news for the company is that the reservations for the Lucid Air Model have exceeded 25,000. They were only 17000 at the end of Q3
  • A new SUV is also set to launch at the end of this year.

Author: Vineet Agarwal

Contributor: Abheek Roy

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

LUCID Stock Forecast

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