Lucid Is At Risk Of Becoming A Penny Stock (Technical Analysis) [Seeking Alpha]
Lucid Group, Inc. (LCID)
Company Research
Source: Seeking Alpha
Follow Summary Lucid stock is down over 95% from its all-time highs, with weak technicals and high P/S valuation pressuring it towards penny stock territory. The daily and weekly technical analysis shows strong bearish signals, with Lucid stock in a persistent downtrend and no support levels to halt further declines. Despite some positive divergence in MACD and RSI, the overall technical outlook remains negative, with moving averages and Bollinger Bands indicating major weakness. Fundamentals reveal unstable revenue growth and significant net losses, making the current high P/S ratio unjustifiable and supporting a sell rating for Lucid stock. Jitalia17 Thesis Down over 95% from its all time highs, Lucid Group, Inc. (NASDAQ: LCID ) stock is now starting to become at risk of becoming a penny stock as it continues to find fresh lows. In the below technical analysis, I determine that This article was written by Bay Area Ideas Follower s Follow I'm a technically-
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LCID
News
- Unpacking Q3 Earnings: Lucid (NASDAQ:LCID) In The Context Of Other Automobile Manufacturing Stocks [Yahoo! Finance]Yahoo! Finance
- Lucid Stock: Buy, Sell, or Hold? [Yahoo! Finance]Yahoo! Finance
- 2 Electric Vehicles Lucid Doesn't Make -- and Shouldn't [Yahoo! Finance]Yahoo! Finance
- More Great News for Lucid Heading Into 2025. Is It a Buy Now? [Yahoo! Finance]Yahoo! Finance
- LUCID ALERT: Bragar Eagel & Squire, P.C. is Investigating Lucid Group on Behalf of Long-Term Stockholders and Encourages Investors to Contact the FirmGlobeNewswire
LCID
Earnings
- 11/7/24 - Beat
LCID
Sec Filings
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- 11/4/24 - Form SC
- LCID's page on the SEC website