LUCID Stock Forecast is revised HIGHER to $28
| The Average Price Target for the next 12 months is $28(Revised Higher) |
Table of Contents
LCID Stock Forecast 2022: Performance of LCID Stock in 2022
LCID Stock Forecast: Performance Analysis
| Stock Name | Last 5 Days | 1 Month | YTD |
| 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% |
- 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.
- 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
| Date | Price | |
| 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
| Date | Target | ||
| Average Lucid Target | August 29th | $28 | |
| Bank of America | August | $30 | |
| Tier1 | August | $25 | |
| Citigroup | August | $28 |
Read: Best EV stocks to buy in 2022
LCID 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 | 12.46% |
Also Read: Rivian Stock Forecast
LCID Stock Forecast: CrowdWisdom360 Insights
- 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
| Lucid Earnings | Lucid TradingView Chart |
| Latest Lucid Stock News from Google | Lucid 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.
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