LUCID Stock Forecast is revised HIGHER to $28

LUCID Stock Forecast is revised HIGHER to $28
The Average Price Target for the next 12 months is $28(Revised Higher)

LCID Stock Forecast 2022: Performance of LCID Stock in 2022

LCID Stock Forecast: Performance Analysis

Stock NameLast 5 Days1 MonthYTD
Lucid-11.1%-13.0%-65.6%
Rivian-10.2%+4.7%-67.0%
NIO-14.8%-11.0%-47.3%
Ford-14.9%-22.9%-44.9%
  1. Raising capital: Lucid group files S-3 Shelf Registration Statement which allows them to raise capital up to $8 B to sell stock in the next 3 years.
  2. Supply chain issues: The company expected to produce 20000 vehicles, but produced around 6000 – 7000 vehicles. This is due to the rising costs, and various supply chain and logistic issues.

LCID Stock Forecast: 2021 Review

Lucid had a volatile year in 2021 with prices ranging from $10.01 in Jan to $58.05 in November. The year started at $10.01 and ended and $38.05

DatePrice
December 31st, 2020$10.01
Feb 18th, 2021$58.05
Jan 6th, 2021$10.01
December 31st, 2021$38.05

LCID Stock Forecast: LUCID Target Price- 12 Months

DateTarget
Average Lucid TargetAugust 29th$28
Bank of AmericaAugust$30
Tier1August$25
CitigroupAugust$28
Price Target data sourced from pricetarget.io

Read: Best EV stocks to buy in 2022

LCID Stock Forecast: Mutual Funds with Lucid Holdings

Mutual Fund NameLast 12 months’ return
LDEIX – Legal & General Global Developed Equity Index Fund Institutional SharesNA
Vanguard Mid Cap Index Fund12.46%

Read NVDA Stock Forecast

Also Read: Rivian Stock Forecast

LCID Stock Forecast: CrowdWisdom360 Insights

  1. Why is Lucid stock falling?
  • Notably, Lucid stock has been significantly volatile since the SPAC listing.
  • The stock will remain lower due to economic headwinds likely impacting delivery growth.
  • In addition, Cash burn will sustain for an extended period, implying equity dilution.
  • LCID is the worst performing Nasdaq 100 component

2. Lucid Motors (LCID) Stock To be Included in the Russell 3000 Index

  • Reportedly, Lucid Motors shares will now be included in the Russell 3000 index.
  • The stock will be listed after the market close, making next week as the first trading week of LCID stock on the Russell index.
  • Following this announcement, investors seem very bullish. 

3. Lucid Unveils $1.0B Revolving Credit Facility.

  • Lucid Group, Inc. (NASDAQ: LCID) (“Lucid”) sets a new standard with the longest-range, fastest-charging electric car on the market by announcing an entry into a Credit Agreement.
  • The world-class syndicate of banks like Citigroup; Barclays Bank PLC; Goldman Sachs Bank USA etc., will be providing a secured asset-based revolving credit facility with an initial commitment of approx. $1.0 billion. This ABL Credit Facility has a five-year term, maturing on June 9, 2027.
  • Following this announcement Lucid Motors (LCID) Stock starts Rebounding3

Read: Tesla Stock Prediction: TSLA 

Read NAKD Stock Forecast

Lucid EarningsLucid TradingView Chart
Latest Lucid Stock News from GoogleLucid Stock Price Prediction Reddit

LCID Stock Forecast: Q2 2022 Earnings

  • Revenues of $97.3 M vs $0.17 M in Q2 2021
  • Expenses almost Tripled from $ 249 M to $ 656 M
  • Loss per share fell from $7.21 to $0.13 in basic [Average shares outstanding increased from 36 Million to 1.67 Billion]
  • Loss per share fell from $7.21 to $0.33 in diluted [Average shares outstanding increased from 36 Million to 1.67 Billion]

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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